C 
0.31
+8.77%
Close of 9 Nov 2026, in AUD
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At a glance
Figures in AUD, from our data supplier.
Revenue
—
FY2016FY2025
Net income
−A$17.0m
FY2016FY2025
Free cash flow
−A$29.9m
FY2016FY2025
Shareholders' equity
A$154.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | A$455,000 | A$436,000 | A$183,000 | A$24,000 | A$100,000 | A$16,780 | A$6,950 | A$633 | A$11,630 |
| Operating income | −A$25.0m | −A$19.1m | −A$10.4m | −A$29.1m | −A$27.2m | −A$1.8m | −A$1.3m | −A$5.9m | −A$643,000 | −A$841,000 |
| Net income | −A$17.0m | −A$26.4m | −A$19.6m | −A$27.5m | −A$26.7m | −A$997,366 | −A$2.4m | −A$5.9m | −A$894,000 | −A$723,000 |
| Diluted earnings per share | -0.03 | -0.17 | -0.16 | -0.34 | -0.43 | -0.01 | -0.38 | -2.11 | -1.03 | -0.98 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | A$259.8m | A$186.4m | A$173.1m | A$154.5m | A$173.9m | A$13.4m | A$7.0m | A$2.9m | A$6.2m | A$6.5m |
| Cash and short-term investments | A$76.2m | A$13.7m | A$7.3m | A$1.7m | A$25.5m | A$5.5m | A$3.6m | A$1.9m | A$739,618 | A$800,131 |
| Total liabilities | A$105.5m | A$101.0m | A$92.3m | A$82.9m | A$95.3m | A$1.4m | A$628,581 | A$198,245 | A$265,421 | A$234,689 |
| Debt | A$60.9m | A$61.0m | A$51.9m | A$32.8m | A$30.3m | A$61,409 | A$102,864 | — | — | — |
| Shareholders' equity | A$154.3m | A$85.5m | A$80.8m | A$71.6m | A$78.6m | A$12.1m | A$6.4m | A$2.7m | A$5.9m | A$6.3m |
| Shares outstanding | 493m | 154m | 121m | 81m | 62m | 109m | 6m | 3m | 1m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −A$23.1m | −A$23.6m | −A$9.2m | −A$25.0m | −A$18.5m | −A$968,733 | −A$845,395 | −A$594,681 | −A$594,522 | −A$737,062 |
| Capital spending | −A$6.8m | −A$6.4m | −A$5.8m | −A$15.6m | −A$38.8m | −A$2.7m | −A$1.6m | −A$152,468 | −A$40,865 | −A$40,865 |
| Free cash flow | −A$29.9m | −A$30.0m | −A$15.0m | −A$40.6m | −A$57.2m | −A$3.7m | −A$2.5m | −A$747,149 | −A$635,387 | −A$777,927 |
| Dividends paid | — | — | — | −A$15.5m | −A$78.6m | −A$5.2m | −A$4.0m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | A$394,000 | A$61,000 | — | A$247,000 | A$799,000 | A$146,000 |
| Operating income | −A$13.4m | −A$16.6m | −A$8.4m | −A$13.3m | −A$9.7m | −A$10.4m | −A$8.5m | −A$10.4m |
| Net income | −A$7.5m | −A$8.1m | −A$8.9m | −A$17.5m | −A$12.6m | −A$8.6m | −A$11.0m | −A$9.6m |
| Diluted earnings per share | -0.01 | -0.02 | -0.02 | -0.11 | -0.08 | -0.07 | -0.09 | -0.12 |
| Cash from operations | −A$14.0m | −A$10.0m | −A$12.0m | −A$10.0m | — | — | −A$5.0m | −A$13.0m |
| Capital spending | −A$28.0m | −A$4.0m | −A$2.0m | — | — | — | −A$1.0m | −A$4.0m |
| Free cash flow | −A$42.0m | −A$14.0m | −A$14.0m | — | — | — | −A$6.0m | −A$17.0m |
| Total assets | A$308.1m | A$259.8m | A$186.4m | A$183.2m | A$173.1m | A$182.9m | A$160.5m | A$154.5m |
| Cash and short-term investments | A$68.5m | A$76.2m | A$13.7m | A$14.2m | A$7.3m | A$22.6m | A$3.6m | A$1.7m |
| Debt | A$823,000 | A$60.9m | A$60.4m | A$59.9m | A$50.9m | A$49.9m | A$45.3m | A$32.0m |
| Shareholders' equity | A$184.6m | A$154.3m | A$85.5m | A$84.9m | A$80.8m | A$83.6m | A$62.1m | A$71.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -4.9% | 69.9% | 32.7% |
| Net income | -14.8% | 76.3% | 29.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -15.7 | -1.3 | -1.8 | -0.9 | -1.1 | -64.4 | -1.9 | -0.3 | -0.4 | -0.5 |
| Price to sales | — | 77.0 | 82.5 | 133.2 | — | — | 260.1 | 213.6 | — | 28.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 28 Oct 2025
- 2-for-1 split · 1 Jun 2018
- 500-to-1 reverse split · 2 Jun 2016
- 50-to-1 reverse split · 21 May 2008
- 11-for-10 split · 20 Sept 1995
- 10-to-1 reverse split · 18 Nov 1992
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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