T 
0.20
+5.26%
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$19.1m
FY2017FY2026
Free cash flow
−A$11.2m
FY2017FY2026
Shareholders' equity
A$75.0m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | A$106,616 | A$4,230 | A$1.6m | A$20,786 | A$143,475 | A$170,171 | A$10,041 | A$45,000 | A$500 |
| Operating income | −A$21.9m | −A$6.3m | −A$5.3m | −A$4.5m | −A$4.9m | −A$5.4m | −A$13.7m | −A$14.0m | −A$4.7m | −A$2.6m |
| Net income | −A$19.1m | −A$7.8m | −A$5.1m | −A$2.9m | −A$5.1m | −A$4.7m | −A$12.3m | −A$12.0m | −A$4.2m | −A$2.5m |
| Diluted earnings per share | -0.02 | -0.01 | -0.01 | -0.00 | -0.01 | -0.01 | -0.02 | -0.02 | -0.01 | -0.01 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | A$92.2m | A$42.9m | A$29.9m | A$35.1m | A$37.0m | A$42.9m | A$46.6m | A$57.7m | A$55.9m | A$5.7m |
| Cash and short-term investments | A$49.3m | A$2.7m | A$8.3m | A$12.6m | A$14.9m | A$19.6m | A$23.2m | A$34.1m | A$34.1m | A$3.2m |
| Total liabilities | A$17.1m | A$14.3m | A$2.5m | A$2.6m | A$1.6m | A$2.4m | A$2.1m | A$2.1m | A$673,683 | A$220,085 |
| Debt | A$377,782 | A$4.6m | A$641,111 | A$822,262 | A$412,151 | A$656,339 | A$841,158 | A$971,100 | — | — |
| Shareholders' equity | A$75.0m | A$28.6m | A$27.4m | A$32.5m | A$35.4m | A$40.5m | A$44.5m | A$55.6m | A$55.2m | A$5.4m |
| Shares outstanding | 1,205m | 973m | 801m | 785m | 786m | 786m | 770m | 730m | 713m | 432m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −A$11.1m | −A$5.5m | −A$4.0m | −A$1.9m | −A$4.6m | −A$4.1m | −A$11.8m | −A$7.9m | −A$3.6m | −A$2.3m |
| Capital spending | −A$176,085 | −A$3.8m | −A$42,477 | −A$15,468 | −A$135,217 | −A$73,109 | −A$163,723 | −A$3.6m | −A$524,777 | −A$256 |
| Free cash flow | −A$11.2m | −A$9.3m | −A$4.1m | −A$1.9m | −A$4.7m | −A$4.2m | −A$11.9m | −A$11.5m | −A$4.1m | −A$2.3m |
| Dividends paid | — | — | — | — | — | −A$231,128 | −A$771,233 | — | — | −A$298,060 |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | A$74,340 | A$84,370 | A$22,246 | A$3,354 | A$1,677 | A$876 | A$438 |
| Operating income | −A$18.2m | −A$3.5m | −A$2.0m | −A$3.9m | −A$2.5m | −A$1.2m | −A$3.1m | −A$1.5m |
| Net income | −A$15.1m | −A$4.0m | −A$3.6m | −A$4.2m | −A$2.3m | −A$1.1m | −A$2.8m | −A$1.4m |
| Diluted earnings per share | -0.01 | -0.00 | -0.00 | -0.01 | -0.00 | -0.00 | -0.00 | -0.00 |
| Cash from operations | −A$7.0m | −A$3.0m | −A$1.0m | −A$4.0m | −A$1.0m | — | −A$2.0m | −A$1.0m |
| Capital spending | — | — | −A$3.0m | −A$3.0m | — | — | — | — |
| Free cash flow | — | — | −A$4.0m | −A$7.0m | — | — | — | — |
| Total assets | A$92.2m | A$47.7m | A$42.9m | A$45.1m | A$29.9m | A$29.9m | A$32.0m | A$32.0m |
| Cash and short-term investments | A$49.3m | A$7.7m | A$2.7m | A$4.2m | A$8.3m | A$8.1m | A$9.4m | A$9.4m |
| Debt | A$156,569 | A$449,237 | A$4.6m | A$4.8m | A$641,116 | A$124,616 | A$727,449 | A$147,879 |
| Shareholders' equity | A$75.0m | A$38.0m | A$28.6m | A$31.9m | A$27.4m | A$27.4m | A$29.7m | A$29.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 69.9% | 32.6% | 26.5% |
| Net income | 86.7% | 32.2% | 28.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -12.6 | -27.4 | -14.7 | -19.0 | -14.7 | -18.3 | -7.8 | -6.2 | -26.3 | -12.1 |
| Price to sales | — | — | — | 35.7 | — | — | — | — | — | — |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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