R 
0.58
+5.45%
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$35.0m
FY2017FY2026
Free cash flow
−A$98.7m
FY2017FY2026
Shareholders' equity
A$275.9m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | A$645,000 | A$75,000 | A$53,000 | A$2,000 | A$70,000 | A$333,590 | A$387,780 | A$477,710 | A$242,600 |
| Gross profit | −A$1.8m | −A$283,000 | −A$295,000 | −A$287,000 | −A$155,000 | −A$81,000 | −A$19,433 | −A$17,619 | −A$17,990 | −A$16,131 |
| Operating income | −A$45.4m | −A$23.0m | −A$9.4m | −A$8.6m | −A$12.5m | −A$10.9m | −A$7.6m | −A$3.4m | −A$3.7m | −A$3.7m |
| Net income | −A$35.0m | −A$18.2m | −A$13.7m | −A$8.8m | −A$13.9m | −A$11.8m | −A$7.5m | −A$2.8m | −A$3.2m | A$13.4m |
| Diluted earnings per share | -0.03 | -0.02 | -0.03 | -0.03 | -0.08 | -0.07 | -0.05 | -0.02 | -0.03 | 0.11 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | A$319.7m | A$103.7m | A$57.1m | A$22.5m | A$21.2m | A$32.6m | A$28.5m | A$17,072 | A$16,791 | A$19,537 |
| Cash and short-term investments | A$152.7m | A$50.5m | A$6.8m | A$3.5m | A$4.4m | A$11.9m | A$10.6m | A$4,144 | A$10,378 | A$13,883 |
| Total liabilities | A$43.9m | A$12.1m | A$14.5m | A$7.7m | A$6.9m | A$7.8m | A$6.1m | A$3,655 | A$955 | A$966 |
| Debt | A$1.3m | A$97,000 | A$237,000 | A$368,000 | A$491,000 | A$607,000 | A$491,000 | A$230,835 | — | A$17,436 |
| Shareholders' equity | A$275.9m | A$91.6m | A$42.6m | A$14.8m | A$14.3m | A$24.8m | A$22.4m | A$13,417 | A$15,835 | A$18,571 |
| Shares outstanding | 1,390m | 816m | 431m | 349m | 177m | 159m | 137m | 145m | 126m | 125m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −A$36.5m | −A$19.8m | −A$8.8m | −A$13,046 | −A$14,489 | −A$7.8m | −A$6.7m | −A$2,947 | −A$3,178 | −A$2,850 |
| Capital spending | −A$62.2m | −A$1.8m | −A$512,000 | −A$392,000 | −A$591,000 | −A$197,000 | −A$2.2m | −A$3,532 | −A$3.5m | −A$43 |
| Free cash flow | −A$98.7m | −A$21.6m | −A$9.3m | −A$405,046 | −A$605,489 | −A$8.0m | −A$8.9m | −A$6,479 | −A$3.5m | −A$2,892 |
| Dividends paid | — | — | — | −A$123 | −A$148 | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | A$1.3m | A$553,000 | A$92,000 | A$47,000 | A$28,000 | A$42.0m | — |
| Gross profit | −A$1.3m | −A$474,000 | −A$154,000 | −A$295,000 | −A$147,000 | −A$148,000 | −A$531.0m | — |
| Operating income | −A$25.7m | −A$19.7m | −A$16.0m | −A$6,817 | −A$3,991 | −A$5.7m | −A$2.8m | −A$2.8m |
| Net income | −A$16.4m | −A$18.5m | −A$11.2m | −A$6,978 | −A$7,905 | −A$5,794 | −A$2.9m | −A$2.9m |
| Diluted earnings per share | -0.01 | -0.02 | -0.01 | -0.00 | -0.00 | -0.00 | -0.01 | -0.01 |
| Cash from operations | −A$23.0m | −A$12.0m | −A$13.0m | −A$6.0m | −A$3.0m | −A$5.0m | −A$3.0m | −A$3.0m |
| Capital spending | −A$53.0m | −A$8.0m | −A$1.0m | — | — | — | — | — |
| Free cash flow | −A$76.0m | −A$20.0m | −A$14.0m | — | — | — | — | — |
| Total assets | A$319.7m | A$308.0m | A$103.7m | A$62.9m | A$57.1m | A$54.8m | A$22.46bn | A$22.5m |
| Cash and short-term investments | A$152.7m | A$232.2m | A$50.5m | A$12.5m | A$6.8m | A$4.3m | A$3.47bn | A$3.5m |
| Debt | A$419,000 | A$420,000 | A$97,000 | A$168,000 | A$237,000 | A$303,000 | A$368,000 | — |
| Shareholders' equity | A$275.9m | A$288.8m | A$91.6m | A$49.9m | A$42.6m | A$44.0m | A$14.75bn | A$14.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 74.4% | 32.9% | 33.6% |
| Net income | 58.6% | 24.3% | 30.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -22.3 | -22.2 | -6.3 | -7.4 | -2.2 | -4.9 | -12.0 | -17.4 | -4.5 | 1.7 |
| Price to sales | — | — | — | — | — | — | 268.4 | 124.9 | 30.5 | 92.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 15-to-1 reverse split · 30 Jun 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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