R 
0.35
+4.55%
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$15.0m
FY2017FY2026
Free cash flow
−A$10.0m
FY2017FY2026
Shareholders' equity
−A$16.7m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | A$7.5m | A$5.0m | A$4.4m | A$3.1m | A$1.6m | A$1.1m | A$679,624 | A$1.3m | A$139,295 |
| Research and development | — | A$10.2m | A$7.0m | A$7.2m | A$6.2m | A$5.6m | A$2.0m | A$416,353 | A$372,171 | A$999,357 |
| Operating income | −A$22.3m | −A$22.9m | −A$21.7m | −A$17.2m | −A$14.2m | −A$15.4m | −A$5.4m | −A$3.4m | −A$2.9m | −A$3.2m |
| Net income | −A$15.0m | −A$21.4m | −A$17.7m | −A$13.1m | −A$11.0m | −A$13.5m | −A$4.3m | −A$2.8m | −A$1.7m | −A$3.0m |
| Diluted earnings per share | -0.05 | -0.07 | -0.08 | -0.07 | -0.06 | -0.10 | -0.03 | -0.02 | -0.02 | -0.04 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | A$8.5m | A$12.4m | A$6.4m | A$2.6m | A$12.6m | A$21.7m | A$3.2m | A$922,184 | A$1.1m | A$1.5m |
| Cash and short-term investments | A$2.7m | A$10.4m | A$4.4m | A$1.6m | A$11.6m | A$20.9m | A$2.7m | A$403,384 | A$679,719 | A$1.1m |
| Total liabilities | A$25.3m | A$15.5m | A$15.9m | A$5.1m | A$2.6m | A$1.2m | A$931,527 | A$1.3m | A$448,822 | A$874,442 |
| Debt | A$10.4m | A$10.8m | A$811,190 | A$250,568 | A$74,762 | A$126,949 | A$83,235 | A$737,408 | A$2,859 | A$322,579 |
| Shareholders' equity | −A$16.7m | −A$3.1m | −A$9.5m | −A$2.6m | A$10.1m | A$20.5m | A$2.3m | −A$405,604 | A$694,915 | A$590,144 |
| Shares outstanding | 289m | 289m | 229m | 179m | 177m | 134m | 134m | 120m | 89m | 81m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −A$9.9m | −A$20.4m | −A$13.0m | −A$12.7m | −A$9.0m | −A$7.9m | −A$3.8m | −A$2.6m | −A$1.7m | −A$2.5m |
| Capital spending | −A$61,964 | −A$26,347 | −A$141,895 | −A$38,633 | −A$40,345 | −A$76,007 | −A$5,944 | −A$89,931 | −A$177,761 | −A$246,079 |
| Free cash flow | −A$10.0m | −A$20.5m | −A$13.2m | −A$12.7m | −A$9.1m | −A$7.9m | −A$3.8m | −A$2.7m | −A$1.9m | −A$2.7m |
| Dividends paid | — | — | — | — | −A$1.7m | −A$1.7m | −A$1.7m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | A$452,760 | A$562,520 | A$6.9m | A$2.6m | A$2.4m | A$4.4m | A$2.2m |
| Operating income | −A$9.0m | −A$13.7m | −A$8.4m | −A$14.5m | −A$12.4m | −A$9.6m | −A$8.1m | −A$1.8m |
| Net income | A$1.6m | −A$16.6m | −A$13.7m | −A$7.7m | −A$10.2m | −A$7.5m | −A$3.9m | −A$1.9m |
| Diluted earnings per share | 0.01 | -0.06 | -0.05 | -0.03 | -0.04 | -0.04 | -0.02 | -0.01 |
| Cash from operations | — | −A$10.0m | −A$13.0m | −A$6.0m | −A$6.0m | −A$6.0m | −A$2.0m | −A$1.0m |
| Total assets | A$8.5m | A$2.0m | A$12.4m | A$4.2m | A$6.4m | A$5.5m | A$2.6m | A$2.6m |
| Cash and short-term investments | A$2.7m | A$602,990 | A$10.4m | A$1.9m | A$4.4m | A$4.0m | A$1.6m | A$1.6m |
| Debt | A$10.0m | A$10.4m | A$10.8m | A$4.7m | A$811,195 | A$198,762 | A$250,568 | — |
| Shareholders' equity | −A$16.7m | −A$18.6m | −A$3.1m | −A$5.0m | −A$9.5m | A$534,183 | −A$2.6m | −A$11.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 9.0% | 7.7% | 16.5% |
| Net income | 4.6% | 2.1% | 11.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.4 | -8.8 | -6.3 | -7.3 | -10.5 | -10.1 | -32.5 | -15.4 | -9.3 | -4.5 |
| Price to sales | — | 25.0 | 22.1 | 22.0 | 37.5 | 83.5 | 124.9 | 63.1 | 12.0 | 98.5 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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