M 
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Close of 9 Nov 2026, in AUD
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At a glance
Figures in AUD, from our data supplier.
Revenue
A$224,231
FY2017FY2026
Net income
A$12.5m
FY2017FY2026
Free cash flow
−A$1.1m
FY2017FY2026
Shareholders' equity
A$5.2m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | A$224,231 | A$13,588 | A$68,284 | A$50 | A$5,000 | A$17,500 | A$55,529 | A$8,710 | A$13,527 |
| Research and development | — | — | — | — | — | — | — | — | A$2.0m |
| Operating income | −A$796,386 | −A$885,676 | −A$1.1m | −A$1.5m | −A$2.5m | −A$543,000 | −A$2.4m | −A$3.4m | −A$6.0m |
| Net income | A$12.5m | −A$2.6m | −A$2.7m | −A$4.2m | −A$2.6m | −A$548,000 | −A$2.6m | −A$5.2m | −A$6.0m |
| Diluted earnings per share | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.01 |
Balance sheet
At each fiscal year end
| FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | A$5.5m | A$905,442 | A$3.0m | A$1.7m | A$1.7m | A$347,760 | A$192,721 | A$462,709 | A$1.1m |
| Cash and short-term investments | A$5.5m | A$777,050 | A$2.9m | A$1.3m | A$1.6m | A$319,832 | A$130,477 | A$372,980 | A$496,261 |
| Total liabilities | A$357,913 | A$871,453 | A$467,849 | A$641,686 | A$406,672 | A$372,658 | A$527,145 | A$2.1m | A$3.2m |
| Debt | — | — | A$3,143 | A$177,029 | A$177,029 | — | A$400,000 | A$1.2m | A$1.5m |
| Shareholders' equity | A$5.2m | A$33,989 | A$2.5m | A$1.0m | A$1.3m | −A$24,898 | −A$334,424 | −A$1.6m | −A$2.0m |
| Shares outstanding | 7,233m | 6,197m | 6,152m | 5,078m | 4,254m | 3,771m | 2,216m | 1,334m | 620m |
Cash flow
Fiscal years
| FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −A$799,224 | −A$836,794 | −A$843,898 | −A$1.1m | −A$785,734 | −A$352,916 | −A$756,256 | −A$1.1m | −A$1.8m |
| Capital spending | −A$349,673 | −A$1.4m | −A$1.8m | −A$2.6m | −A$758,730 | −A$213,481 | −A$621,758 | −A$1.5m | −A$1.2m |
| Free cash flow | −A$1.1m | −A$2.2m | −A$2.6m | −A$3.8m | −A$1.5m | −A$566,397 | −A$1.4m | −A$2.5m | −A$3.0m |
| Dividends paid | — | — | −A$4.1m | −A$3.4m | — | — | −A$1.1m | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | A$111,930 | A$390 | A$1,788 | A$13,588 | A$57,260 | A$68,284 | A$34,142 |
| Operating income | −A$219,844 | −A$576,542 | −A$278,736 | −A$319,000 | −A$359,000 | −A$527,000 | −A$453,735 | −A$284,481 |
| Net income | A$13.2m | −A$689,791 | −A$366,453 | −A$863,000 | −A$1.1m | −A$1.5m | −A$645,765 | −A$322,883 |
| Diluted earnings per share | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Cash from operations | — | — | — | — | — | −A$1.0m | A$1.0m | — |
| Capital spending | — | — | — | — | −A$1.0m | — | −A$1.0m | — |
| Free cash flow | — | — | — | — | — | — | A$0 | — |
| Total assets | A$5.5m | A$5.8m | A$81,940 | A$290,567 | A$905,442 | A$2.2m | A$3.0m | A$3.0m |
| Cash and short-term investments | A$5.5m | A$5.7m | A$50,044 | A$150,222 | A$777,050 | A$2.0m | A$2.9m | A$2.9m |
| Debt | — | — | A$676,210 | A$655,393 | — | — | A$3,143 | — |
| Shareholders' equity | A$5.2m | A$5.5m | −A$1.2m | −A$829,384 | A$33,989 | A$1.1m | A$2.5m | −A$1.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 48.6% | 114.0% | 2.7% |
| Operating income | -8.8% | -20.1% | -0.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -700.7% | -1143.0% | -2391.3% | -3556.9% |
| Net margin | 4976.3% | 1930.1% | -279.2% | -2809.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 0.6 | -5.6 | -0.9 | -0.8 | -0.4 | -2.7 | -6.9 | -0.1 | -0.0 | — |
| Price to sales | 32.3 | — | 171.0 | 33.8 | — | — | 215.5 | 2.5 | 23.9 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 24 Oct 2025.
| FY2026 | |
|---|---|
| Paid in the year | 0.00 |
- 10-to-1 reverse split · 16 Apr 2019
- 50-to-1 reverse split · 29 Nov 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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