N 
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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
—
FY2017FY2026
Net income
−A$6.5m
FY2017FY2026
Free cash flow
−A$6.2m
FY2017FY2026
Shareholders' equity
A$5.8m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | A$598,712 | A$1.4m | A$49,000 | A$14,760 | A$109,498 | A$586,760 | A$589 | A$243,611 | A$210,642 |
| Operating income | −A$7.5m | −A$5.1m | −A$3.0m | −A$9.0m | −A$21.8m | −A$4.2m | −A$1.6m | −A$2.3m | −A$2.9m | −A$2.2m |
| Net income | −A$6.5m | −A$5.2m | −A$3.2m | −A$8.8m | −A$21.1m | −A$2.2m | −A$1.0m | −A$1.7m | −A$2.5m | −A$1.8m |
| Diluted earnings per share | -0.01 | -0.01 | -0.01 | -0.03 | -0.07 | -0.01 | -0.01 | -0.01 | -0.03 | -0.02 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | A$7.4m | A$13.3m | A$6.4m | A$6.6m | A$9.9m | A$10.0m | A$2.9m | A$3.6m | A$4.4m | A$5.7m |
| Cash and short-term investments | A$5.4m | A$11.2m | A$4.6m | A$4.6m | A$7.0m | A$9.1m | A$2.5m | A$3.3m | A$4.0m | A$5.5m |
| Total liabilities | A$1.6m | A$974,063 | A$699,625 | A$550,741 | A$783,696 | A$331,135 | A$323,411 | A$107,561 | A$669,949 | A$143,887 |
| Debt | A$139,261 | A$129,297 | A$77,670 | A$123,789 | A$152,362 | A$133,098 | A$70,441 | A$70,440 | A$56,305 | A$55,579 |
| Shareholders' equity | A$5.8m | A$12.3m | A$5.7m | A$6.1m | A$9.1m | A$9.7m | A$2.6m | A$3.5m | A$3.7m | A$5.5m |
| Shares outstanding | 604m | 604m | 390m | 352m | 308m | 257m | 190m | 120m | 90m | 83m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −A$6.2m | −A$4.7m | −A$2.7m | −A$7.6m | −A$19.7m | −A$3.8m | −A$867,185 | −A$2.2m | −A$1.9m | −A$1.8m |
| Capital spending | −A$29,707 | −A$19,937 | −A$57,000 | −A$142,271 | −A$636,625 | −A$65,809 | −A$5,078 | −A$10,568 | −A$15,022 | −A$15,022 |
| Free cash flow | −A$6.2m | −A$4.7m | −A$2.8m | −A$7.7m | −A$20.3m | −A$3.9m | −A$872,263 | −A$2.2m | −A$1.9m | −A$1.8m |
| Dividends paid | — | — | — | −A$31,772 | −A$14,327 | −A$29,788 | −A$55,070 | — | — | −A$2.1m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | A$28,090 | A$5,000 | A$53,871 | A$1.4m | — | −A$49,000 | −A$24,500 |
| Operating income | −A$4.3m | −A$3.2m | −A$3.2m | −A$2.6m | −A$1.3m | −A$1.7m | −A$2.5m | −A$1.2m |
| Net income | −A$3.6m | −A$2.9m | −A$2.5m | −A$2.7m | −A$1.4m | −A$1.8m | −A$2.5m | −A$1.2m |
| Diluted earnings per share | -0.01 | -0.00 | -0.00 | -0.01 | -0.00 | -0.01 | -0.01 | -0.00 |
| Cash from operations | −A$2.0m | −A$3.0m | −A$2.0m | −A$2.0m | −A$1.0m | −A$1.0m | −A$2.0m | −A$1.0m |
| Total assets | A$7.4m | A$10.2m | A$13.3m | A$7.8m | A$6.4m | A$7.5m | A$6.6m | A$6.6m |
| Cash and short-term investments | A$5.4m | A$8.0m | A$11.4m | A$5.8m | A$4.6m | A$5.7m | A$4.6m | A$4.6m |
| Debt | A$49,512 | A$162,076 | A$129,301 | A$155,169 | A$77,666 | A$48,630 | A$123,789 | — |
| Shareholders' equity | A$5.8m | A$9.6m | A$12.3m | A$7.2m | A$5.7m | A$7.1m | A$6.1m | A$6.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -5.8% | 12.4% | 17.8% |
| Net income | -9.6% | 24.7% | 18.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.8 | -8.1 | -5.5 | -1.9 | -2.9 | -52.1 | -24.3 | -3.1 | -1.8 | -3.6 |
| Price to sales | — | 70.6 | 12.9 | 338.1 | — | — | 41.5 | — | 18.9 | 31.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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