I 
2.15
+7.50%
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 USD, from our data supplier.
Revenue
$546,000
FY2017FY2024
Net income
−$21.8m
FY2017FY2024
Free cash flow
−$26.7m
FY2017FY2024
Shareholders' equity
$51.3m
FY2017FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $546,000 | $494,500 | $401,100 | $5,100 | $15,100 | $30,000 | $2,000 | — |
| Research and development | $10.7m | $8.4m | $7.3m | $3.1m | — | — | — | — |
| Operating income | −$21.4m | −$17.4m | −$21.5m | −$8.1m | −$518,200 | −$523,000 | −$891,800 | −$65,300 |
| Net income | −$21.8m | −$17.4m | −$21.5m | −$13.2m | −$496,500 | −$523,000 | −$891,800 | −$65,300 |
| Diluted earnings per share | -0.10 | -0.10 | -0.16 | -0.22 | -0.02 | -0.02 | -0.03 | -0.00 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | $55.4m | $22.8m | $9.9m | $2.8m | $1.5m | $2.0m | $2.9m | $12,200 |
| Cash and short-term investments | $33.2m | $11.9m | $5.7m | $1.7m | $1.1m | $1.7m | $2.5m | — |
| Total liabilities | $4.1m | $2.2m | $2.5m | $1.0m | $62,900 | $46,400 | $173,400 | $75,500 |
| Debt | $1.5m | $975,300 | $543,000 | $475,700 | $17,300 | — | — | $45,000 |
| Shareholders' equity | $51.3m | $20.6m | $7.4m | $1.8m | $1.4m | $1.9m | $2.8m | −$63,300 |
| Shares outstanding | 218m | 168m | 135m | 60m | 31m | 31m | 31m | 24m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$18.6m | −$15.9m | −$12.1m | −$3.6m | −$433,000 | −$486,500 | −$207,600 | — |
| Capital spending | −$8.1m | −$2.7m | −$2.8m | −$571,600 | −$86,600 | −$407,400 | −$14,500 | — |
| Free cash flow | −$26.7m | −$18.6m | −$15.0m | −$4.1m | −$519,600 | −$893,900 | −$222,100 | — |
Latest quarters
By quarter end
| Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | Sept 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.4m | $335,500 | — | $296,200 | $198,300 | $243,600 | $157,400 | — |
| Operating income | −$16.1m | −$11.0m | −$10.6m | −$8.6m | −$8.7m | −$10.9m | −$10.5m | −$5.4m |
| Net income | −$16.2m | −$11.3m | −$10.5m | −$8.7m | −$8.8m | −$11.0m | −$10.6m | −$5.3m |
| Diluted earnings per share | -0.06 | -0.05 | -0.05 | -0.05 | -0.06 | -0.08 | -0.08 | -0.04 |
| Total assets | $115.8m | $55.4m | $34.0m | $22.8m | $18.0m | $9.9m | $16.2m | $16.2m |
| Cash and short-term investments | $77.1m | $33.2m | $17.3m | $11.9m | $11.4m | $5.7m | $14.3m | $14.3m |
| Debt | $3.6m | $1.0m | $1.2m | $592,700 | $788,600 | $408,800 | $464,700 | $465,000 |
| Shareholders' equity | $105.5m | $51.3m | $30.2m | $20.6m | $15.4m | $7.4m | $15.1m | $15.1m |
Financial ratios
Data as of 4 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | -120.4% | -128.2% | -38.2% | -246.0% | -153.1% | — |
| Operating margin | — | — | -4142.1% | -3571.8% | -5449.7% | -260302.1% | -3739.7% | -1902.6% |
| Net margin | — | — | -4070.5% | -3584.0% | -5366.2% | -260449.5% | -3481.9% | -1799.6% |
| Return on equity | -74.5% | -38.2% | -43.3% | -86.2% | -290.1% | -751.7% | — | — |
| Return on assets | -62.2% | -33.7% | -40.1% | -77.7% | -217.2% | -355.8% | — | — |
| Free cash flow yield | -3.7% | -0.6% | -1.8% | -2.9% | -2.5% | -1.2% | — | — |
| Revenue growth | — | — | 10.4% | 23.3% | 7794.7% | -66.3% | -49.7% | 1369.0% |
| Earnings growth | 86.0% | 59.0% | 25.4% | -17.7% | 62.7% | 2421.3% | — | — |
| Current ratio | 3.24x | 6.99x | 13.62x | 7.74x | 2.81x | 4.62x | — | — |
| Debt to equity | 0.01x | 0.01x | 0.01x | 0.02x | 0.02x | 0.27x | — | — |
| Equity ratio | 83.5% | 88.0% | 92.6% | 90.2% | 74.9% | 47.3% | — | — |
| Interest coverage | -20.12x | — | -250.25x | -134.79x | -479.92x | -1765.00x | -167.84x | — |
| R&D as a share of sales | — | — | 1623.6% | 1683.9% | 269.1% | 4724.4% | — | — |
| Buybacks as a share of market value | -0.9% | -24.3% | -28.9% | -10.4% | -44.0% | -224.4% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 374.8% | 78.7% | — |
| Operating income | 38.4% | 110.2% | — |
| Net income | 18.2% | 110.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -3728.8% | -4724.5% | -4651.5% | — |
| Net margin | -3775.9% | -5117.9% | -5031.5% | — |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | |
|---|---|---|---|
| Price to earnings | -34.2 | -9.2 | -2.9 |
| Price to sales | — | 323.1 | 155.5 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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