I 
0.04
+5.56%
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$105.3m
FY2017FY2026
Free cash flow
−A$44.9m
FY2017FY2026
Shareholders' equity
A$9.0m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | A$4.4m | A$5.0m | A$11.8m | A$13.0m | A$7.2m | A$4.1m | A$4.1m | A$1.8m | A$1.2m |
| Research and development | A$50.9m | A$46.7m | A$86.9m | A$30.9m | A$36.6m | A$15.4m | A$9.4m | A$7.6m | A$4.1m | A$2.5m |
| Operating income | −A$75.0m | −A$70.9m | −A$140.9m | −A$51.3m | −A$50.7m | −A$25.7m | −A$10.8m | −A$12.4m | −A$5.8m | −A$3.7m |
| Net income | −A$105.3m | −A$69.0m | −A$149.7m | −A$37.9m | −A$37.9m | −A$18.5m | −A$10.5m | −A$7.8m | −A$3.9m | −A$2.5m |
| Diluted earnings per share | -0.30 | -0.24 | -0.69 | -0.19 | -0.21 | -0.12 | -0.08 | -0.07 | -0.04 | -0.03 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | A$23.0m | A$83.6m | A$151.4m | A$197.1m | A$147.6m | A$71.8m | A$65.2m | A$30.8m | A$16.9m | A$12.7m |
| Cash and short-term investments | A$2.6m | A$21.9m | A$94.5m | A$153.2m | A$99.9m | A$29.5m | A$30.1m | A$19.0m | A$7.8m | A$4.8m |
| Total liabilities | A$14.0m | A$38.6m | A$33.1m | A$7.4m | A$8.9m | A$6.8m | A$5.4m | A$3.5m | A$1.4m | A$1.3m |
| Debt | A$6.3m | A$10.7m | A$2.2m | A$553,477 | A$673,432 | A$271,029 | A$69,336 | A$1.1m | A$985,450 | A$985,450 |
| Shareholders' equity | A$9.0m | A$45.0m | A$118.3m | A$189.6m | A$138.7m | A$65.0m | A$59.8m | A$27.3m | A$15.5m | A$11.4m |
| Shares outstanding | 349m | 292m | 218m | 202m | 180m | 160m | 133m | 110m | 98m | 85m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −A$44.9m | −A$75.6m | −A$101.7m | −A$29.8m | −A$30.7m | −A$13.1m | −A$10.1m | −A$7.9m | −A$4.5m | −A$2.7m |
| Capital spending | −A$5 | −A$14.5m | −A$7.1m | — | −A$257,686 | −A$5.4m | −A$1.5m | −A$128,387 | −A$3,331 | −A$2,034 |
| Free cash flow | −A$44.9m | −A$90.0m | −A$108.8m | −A$29.8m | −A$30.9m | −A$18.6m | −A$11.6m | −A$8.0m | −A$4.5m | −A$2.7m |
| Dividends paid | — | — | — | −A$77.9m | −A$6.0m | −A$17.9m | −A$20.9m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | A$3.1m | A$1.3m | −A$3.1m | A$8.1m | A$7.0m | A$3.5m |
| Operating income | −A$33.1m | −A$40.4m | −A$21.1m | −A$49.8m | −A$67.6m | −A$73.4m | −A$29.4m | −A$10.8m |
| Net income | −A$67.5m | −A$37.8m | −A$20.7m | −A$48.3m | −A$81.0m | −A$68.7m | −A$20.5m | −A$10.3m |
| Diluted earnings per share | -0.19 | -0.13 | -0.07 | -0.22 | -0.37 | -0.34 | -0.10 | -0.05 |
| Cash from operations | −A$18.0m | −A$25.0m | −A$36.0m | −A$38.0m | −A$48.0m | −A$48.0m | −A$9.0m | −A$5.0m |
| Capital spending | — | — | −A$3.0m | −A$10.0m | −A$2.0m | −A$11.0m | −A$9.0m | — |
| Free cash flow | — | — | −A$39.0m | −A$48.0m | −A$50.0m | −A$59.0m | −A$18.0m | — |
| Total assets | A$23.0m | A$67.7m | A$83.6m | A$120.9m | A$151.4m | A$230.4m | A$197.1m | A$197.1m |
| Cash and short-term investments | A$2.6m | A$14.1m | A$21.9m | A$33.7m | A$94.5m | A$139.4m | A$153.2m | A$153.2m |
| Debt | A$6.3m | A$5.0m | A$10.7m | A$14.7m | A$912,457 | — | A$553,477 | — |
| Shareholders' equity | A$9.0m | A$41.9m | A$45.0m | A$63.3m | A$118.3m | A$194.8m | A$189.6m | A$173.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 13.5% | 23.9% | 33.2% |
| Net income | 40.6% | 41.7% | 44.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.1 | -1.5 | -1.8 | -20.0 | -23.5 | -117.9 | -43.1 | -15.3 | -15.3 | -17.1 |
| Price to sales | — | 24.2 | 55.1 | 64.3 | 68.5 | 300.9 | 109.6 | 28.9 | 32.6 | 36.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 34-to-1 reverse split · 2 Jul 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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