D 
1.26
-0.79%
Close of 9 Nov 2026, in AUD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in AUD, from our data supplier.
Revenue
A$216.5m
FY2016FY2025
Net income
A$3.5m
FY2016FY2025
Free cash flow
A$9.2m
FY2016FY2025
Shareholders' equity
A$336.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | A$216.5m | A$57.5m | A$54.1m | A$16.8m | A$10.5m | A$5.0m | A$3.5m | A$1.2m | A$383,585 | A$88,074 |
| Research and development | A$45.4m | A$21.8m | A$11.1m | A$6.6m | A$5.6m | A$3.3m | A$3.2m | A$2.2m | A$1.9m | A$643,827 |
| Operating income | −A$4.0m | −A$17.1m | A$2.6m | −A$3.3m | −A$6.7m | −A$7.5m | −A$8.2m | −A$6.7m | −A$5.7m | −A$5.0m |
| Net income | A$3.5m | −A$1.3m | A$9.3m | −A$949,301 | −A$5.3m | −A$5.9m | −A$7.7m | −A$6.3m | −A$5.5m | −A$4.9m |
| Diluted earnings per share | 0.00 | -0.00 | 0.02 | -0.00 | -0.01 | -0.02 | -0.03 | -0.04 | -0.04 | -0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | A$412.2m | A$355.9m | A$97.1m | A$25.2m | A$18.3m | A$23.1m | A$9.4m | A$4.0m | A$3.5m | A$4.1m |
| Cash and short-term investments | A$209.5m | A$219.5m | A$56.8m | A$10.2m | A$9.5m | A$16.3m | A$5.5m | A$1.2m | A$2.4m | A$3.5m |
| Total liabilities | A$75.6m | A$44.3m | A$22.5m | A$6.2m | A$2.8m | A$3.5m | A$2.7m | A$1.9m | A$539,056 | A$671,381 |
| Debt | A$14.3m | A$9.1m | A$2.6m | A$596,097 | A$248,370 | A$476,564 | A$479,945 | A$1.4m | A$141,195 | A$186,111 |
| Shareholders' equity | A$336.6m | A$311.6m | A$74.5m | A$19.0m | A$15.6m | A$19.6m | A$6.7m | A$2.1m | A$2.9m | A$3.4m |
| Shares outstanding | 1,053m | 611m | 464m | 438m | 405m | 346m | 242m | 175m | 149m | 136m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | A$24.1m | −A$62.2m | A$9.5m | −A$1.7m | −A$6.3m | −A$4.7m | −A$5.0m | −A$4.5m | −A$5.1m | −A$3.6m |
| Capital spending | −A$14.8m | −A$6.4m | −A$1.7m | −A$832,175 | −A$467,452 | −A$772,158 | −A$1.0m | −A$1.1m | −A$428,384 | −A$51,577 |
| Free cash flow | A$9.2m | −A$68.6m | A$7.7m | −A$2.6m | −A$6.7m | −A$5.4m | −A$6.0m | −A$5.5m | −A$5.6m | −A$3.6m |
| Dividends paid | — | — | — | — | — | −A$750,368 | −A$535,702 | — | −A$4.4m | −A$6.7m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | A$125.8m | A$144.2m | A$72.6m | A$34.2m | A$24.0m | A$42.7m | A$11.3m | A$13.2m |
| Operating income | −A$32.9m | −A$5.1m | A$1.3m | −A$7.5m | −A$5.3m | A$6.1m | −A$3.5m | A$1.9m |
| Net income | −A$32.2m | A$1.4m | A$2.1m | A$3.5m | −A$4.8m | A$12.3m | −A$2.9m | A$4.0m |
| Diluted earnings per share | -0.03 | 0.00 | 0.00 | 0.01 | -0.01 | 0.03 | -0.01 | 0.01 |
| Cash from operations | −A$6.0m | A$28.0m | −A$4.0m | −A$28.0m | −A$29.0m | A$15.0m | −A$5.0m | — |
| Capital spending | −A$7.0m | −A$9.0m | −A$5.0m | −A$4.0m | −A$1.0m | −A$1.0m | — | — |
| Free cash flow | −A$13.0m | A$19.0m | −A$9.0m | −A$32.0m | −A$30.0m | A$14.0m | — | — |
| Total assets | A$425.8m | A$412.2m | A$353.5m | A$355.9m | A$225.6m | A$97.1m | A$67.0m | A$25.2m |
| Cash and short-term investments | A$178.5m | A$209.5m | A$202.7m | A$219.5m | A$144.4m | A$56.8m | A$42.4m | A$10.2m |
| Debt | A$1.9m | A$14.3m | A$9.1m | A$9.1m | A$6.6m | A$2.6m | A$534,465 | A$596,097 |
| Shareholders' equity | A$308.1m | A$336.6m | A$314.5m | A$311.6m | A$190.6m | A$74.5m | A$54.9m | A$19.0m |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | -1.9% | -11.0% | 1.9% | -17.1% | -61.0% | -133.6% |
| Net margin | 1.6% | -2.3% | 17.3% | -5.6% | -50.7% | -116.7% |
| Return on equity | 1.0% | -0.4% | 12.5% | -5.0% | -34.1% | -29.9% |
| Return on assets | 0.9% | -0.4% | 9.6% | -3.8% | -29.0% | -25.4% |
| Free cash flow yield | 2.4% | -6.0% | 1.6% | -0.1% | -0.9% | -0.7% |
| Revenue growth | 276.4% | 6.4% | 221.8% | 60.6% | 108.2% | 42.8% |
| Earnings growth | -366.7% | -114.1% | -1083.3% | -82.1% | -9.5% | -23.8% |
| Current ratio | 5.78x | 11.42x | 4.18x | 3.63x | 6.48x | 6.66x |
| Debt to equity | 0.01x | 0.00x | 0.01x | 0.03x | 0.01x | 0.01x |
| Equity ratio | 81.7% | 87.6% | 76.8% | 75.4% | 85.0% | 84.7% |
| Interest coverage | -6.39x | -13.78x | 38.88x | -50.65x | -611.80x | -190.10x |
| R&D as a share of sales | 21.0% | 37.9% | 20.5% | 39.4% | 53.2% | 65.4% |
| Buybacks as a share of market value | -72.4% | -31.6% | -6.1% | -7.9% | -17.3% | -42.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 134.4% | 112.3% | 106.5% |
| Operating income | 7.1% | -11.7% | 23.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -7.7% | -6.3% | -10.0% | -17.0% |
| Net margin | 0.8% | 3.1% | -0.2% | -7.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | — | -354.2 | 18.4 | -101.4 | -13.4 | -10.0 | -8.7 | -5.2 | -5.2 | -7.7 |
| Price to sales | 15.0 | 8.1 | 3.2 | 5.7 | 6.8 | 11.7 | 18.9 | 27.5 | 73.7 | 432.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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