A 
0.38
+2.70%
Close of 9 Nov 2026, in AUD
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At a glance
Figures in AUD, from our data supplier.
Revenue
A$747,150
FY2017FY2026
Net income
−A$42.7m
FY2017FY2026
Free cash flow
−A$200.9m
FY2017FY2026
Shareholders' equity
A$411.1m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | A$747,150 | A$317,517 | A$44,055 | A$16,148 | A$38,739 | A$38,739 | — | A$918,798 | A$31,815 | A$204,375 |
| Research and development | — | A$2.7m | A$249,403 | A$869,280 | A$7.7m | A$7.3m | A$5.1m | — | — | — |
| Operating income | −A$47.2m | −A$43.6m | −A$26.4m | −A$17.7m | −A$14.3m | −A$14.5m | −A$9.9m | −A$4.6m | −A$2.0m | −A$742,910 |
| Net income | −A$42.7m | −A$32.6m | −A$25.0m | −A$15.7m | −A$7.4m | −A$16.3m | −A$9.3m | −A$10.1m | −A$1.8m | −A$2.5m |
| Diluted earnings per share | -0.03 | -0.03 | -0.02 | -0.02 | -0.01 | -0.02 | -0.01 | -0.02 | -0.00 | -0.01 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | A$514.9m | A$283.4m | A$267.3m | A$67.1m | A$54.6m | A$52.0m | A$11.0m | A$4.7m | A$11.1m | A$9.6m |
| Cash and short-term investments | A$160.9m | A$102.0m | A$189.6m | A$20.6m | A$16.8m | A$50.3m | A$8.0m | A$691,016 | A$288,007 | A$594,029 |
| Total liabilities | A$103.8m | A$64.5m | A$20.1m | A$11.1m | A$7.7m | A$1.7m | A$586,068 | A$579,871 | A$841,682 | A$1.8m |
| Debt | A$28.3m | A$4.4m | A$3.7m | A$338,815 | A$537,593 | A$56,613 | A$56,608 | — | — | — |
| Shareholders' equity | A$411.1m | A$218.9m | A$247.2m | A$56.0m | A$46.9m | A$50.3m | A$11.0m | A$4.6m | A$9.7m | A$7.1m |
| Shares outstanding | 1,395m | 1,138m | 1,131m | 934m | 815m | 792m | 685m | 605m | 552m | 461m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −A$34.5m | −A$18.2m | −A$22.4m | −A$11.3m | −A$3.8m | −A$1.6m | −A$399,312 | −A$1.6m | −A$931,959 | −A$467,682 |
| Capital spending | −A$166.5m | −A$88.2m | −A$23.2m | −A$24.2m | −A$31.2m | −A$6.7m | −A$5.4m | −A$464,865 | −A$2.1m | −A$1.0m |
| Free cash flow | −A$200.9m | −A$106.5m | −A$45.6m | −A$35.5m | −A$35.0m | −A$8.4m | −A$5.8m | −A$2.1m | −A$3.0m | −A$1.5m |
| Dividends paid | — | — | — | −A$23.0m | −A$1.4m | −A$48.3m | — | — | — | −A$1.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | A$483,534 | A$263,616 | A$246,450 | A$71,067 | A$18,796 | A$25,259 | A$7,553 | A$3,776 |
| Operating income | −A$22.9m | −A$24.3m | −A$22.1m | −A$19.9m | −A$17.3m | −A$12.7m | −A$8.2m | −A$4.1m |
| Net income | −A$20.1m | −A$22.5m | −A$16.7m | −A$15.8m | −A$16.4m | −A$8.5m | −A$11.2m | −A$5.6m |
| Diluted earnings per share | -0.01 | -0.02 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 |
| Cash from operations | −A$12.0m | −A$21.0m | A$9.0m | −A$27.0m | −A$7.0m | −A$14.0m | −A$10.0m | −A$5.0m |
| Capital spending | −A$102.0m | −A$64.0m | −A$63.0m | −A$21.0m | −A$13.0m | −A$11.0m | −A$7.0m | −A$2.0m |
| Free cash flow | −A$114.0m | −A$85.0m | −A$54.0m | −A$48.0m | −A$20.0m | −A$25.0m | −A$17.0m | −A$7.0m |
| Total assets | A$514.9m | A$305.3m | A$283.4m | A$299.8m | A$267.3m | A$99.5m | A$67.1m | A$67.1m |
| Cash and short-term investments | A$160.9m | A$45.9m | A$102.0m | A$148.9m | A$189.6m | A$36.1m | A$20.6m | A$20.6m |
| Debt | A$1.2m | A$32.1m | A$4.4m | A$4.6m | A$3.7m | A$3.3m | A$338,814 | — |
| Shareholders' equity | A$411.1m | A$205.8m | A$218.9m | A$233.1m | A$247.2m | A$88.5m | A$56.0m | A$47.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 259.0% | 80.7% | 42.8% |
| Operating income | 38.7% | 26.6% | 48.5% |
| Net income | 39.6% | 21.3% | 48.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -8525.5% | -11985.3% | -13611.5% | — |
| Net margin | -7064.4% | -10301.1% | -11602.9% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -13.4 | -27.1 | -40.3 | -62.5 | -70.9 | -29.2 | -23.1 | -11.1 | -31.2 | -23.1 |
| Price to sales | — | — | — | — | — | — | — | 121.9 | — | 284.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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