A 
1.35
+3.85%
Close of 9 Nov 2026, in AUD
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At a glance
Figures in AUD, from our data supplier.
Revenue
—
FY2017FY2026
Net income
−A$9.7m
FY2017FY2026
Free cash flow
−A$24.0m
FY2017FY2026
Shareholders' equity
A$215.1m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | A$148,120 | A$49,524 | A$1,889 | A$1,149 | A$611 | A$4,002 | A$5,430 | A$2,356 |
| Research and development | — | — | A$150,000 | A$63,255 | — | — | — | — | — | — |
| Operating income | −A$9.9m | −A$6.2m | −A$8.1m | −A$5.2m | −A$2.6m | −A$3.5m | −A$1.8m | −A$1.8m | −A$1.1m | −A$2.7m |
| Net income | −A$9.7m | −A$10.7m | −A$8.3m | −A$5.2m | −A$2.6m | −A$3.5m | −A$1.8m | −A$1.8m | −A$1.1m | −A$2.7m |
| Diluted earnings per share | -0.02 | -0.02 | -0.02 | -0.02 | -0.00 | -0.02 | -0.01 | -0.02 | -0.02 | -0.06 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | A$247.5m | A$103.8m | A$89.4m | A$81.5m | A$74.0m | A$59.9m | A$45.1m | A$42.6m | A$42.3m | A$36.4m |
| Cash and short-term investments | A$87.4m | A$12.0m | A$5.0m | A$9.5m | A$11.1m | A$7.6m | A$1.1m | A$379,479 | A$2.2m | A$602,829 |
| Total liabilities | A$32.4m | A$5.5m | A$5.3m | A$3.0m | A$2.2m | A$1.8m | A$1.7m | A$1.9m | A$1.8m | A$1.6m |
| Debt | A$1.4m | A$428,352 | A$2.8m | A$1.0m | A$119,251 | A$196,358 | A$171,929 | A$119,122 | A$94,111 | A$94,111 |
| Shareholders' equity | A$215.1m | A$98.3m | A$84.1m | A$78.6m | A$71.8m | A$58.1m | A$43.4m | A$40.7m | A$40.6m | A$34.8m |
| Shares outstanding | 548m | 435m | 343m | 216m | 2,029m | 158m | 128m | 82m | 64m | 45m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −A$1.7m | −A$2.5m | −A$2.6m | −A$2.2m | −A$1.1m | −A$1.1m | −A$866,600 | −A$882,461 | −A$1.0m | −A$704,887 |
| Capital spending | −A$22.3m | −A$11.1m | −A$17.0m | −A$10.5m | −A$11.0m | −A$8.8m | −A$2.5m | −A$2.6m | −A$3.6m | −A$1.9m |
| Free cash flow | −A$24.0m | −A$13.6m | −A$19.6m | −A$12.8m | −A$12.1m | −A$9.9m | −A$3.4m | −A$3.5m | −A$4.7m | −A$2.6m |
| Dividends paid | — | — | — | −A$10.6m | −A$14.8m | −A$15.1m | −A$3.9m | −A$186,141 | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | −A$125,844 | A$125,844 | A$20,816 | A$10,408 |
| Operating income | −A$3.7m | −A$6.2m | −A$3.2m | −A$3.0m | −A$2.4m | −A$1.5m | −A$1.6m | −A$1.1m |
| Net income | −A$1.8m | −A$7.9m | −A$4.4m | −A$6.3m | −A$6.8m | −A$1.5m | −A$2.3m | −A$1.1m |
| Diluted earnings per share | -0.00 | -0.02 | -0.01 | -0.02 | -0.02 | -0.01 | -0.01 | -0.01 |
| Cash from operations | — | −A$2.0m | — | −A$1.0m | −A$1.0m | −A$1.0m | −A$1.0m | — |
| Capital spending | — | −A$22.0m | −A$6.0m | −A$4.0m | −A$11.0m | −A$5.0m | −A$7.0m | −A$3.0m |
| Free cash flow | — | −A$24.0m | — | −A$5.0m | −A$12.0m | −A$6.0m | −A$8.0m | — |
| Total assets | A$247.5m | A$210.6m | A$103.8m | A$104.4m | A$89.4m | A$80.0m | A$81.5m | A$81.5m |
| Cash and short-term investments | A$87.4m | A$75.6m | A$12.0m | A$18.7m | A$5.0m | A$3.0m | A$9.5m | A$9.5m |
| Debt | A$178,689 | A$274,249 | A$428,356 | A$576,293 | A$2.8m | A$868,743 | A$1.0m | — |
| Shareholders' equity | A$215.1m | A$187.1m | A$98.3m | A$101.3m | A$84.1m | A$77.2m | A$78.6m | A$71.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 24.1% | 23.1% | 8.6% |
| Net income | 23.0% | 22.6% | 8.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -72.2 | -44.5 | -17.3 | -13.2 | -360.9 | -21.2 | -33.1 | -6.0 | -13.6 | -5.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 6 Aug 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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