4DS Memory Limited (ASX:4DS) Reports Half-Year Financial Results
Financial Performance
4DS Memory Limited reported a revenue decrease of 11.8% to $145,552 for the half-year ended 31 December 2024. The loss from ordinary activities after tax attributable to the owners increased by 94.4% to ($3,461,538). Basic and diluted earnings per share stood at ($0.20), compared to ($0.10) in the previous period. No dividends were paid, recommended, or declared during the current financial period.
Operational Developments
The company shipped the Fifth Platform Lot with 60nm memory cells to imec on 10 October 2024, aiming to optimise the construction process for the upcoming Sixth Platform Lot with 20nm memory cells. Development of the Sixth Platform Lot has continued during the half-year. On 17 December 2024, 4DS entered into a Design Agreement with Infineon Technologies LLC for a custom ReRAM memory test chip, valued at $4.5 million, including an upfront payment of $1.5 million.
Funding and Investor Relations
On 17 January 2025, 4DS announced binding commitments for a $6 million placement, which attracted strong investor interest exceeding the available shares. This placement will be followed by a $2 million share purchase plan. On 21 January 2025, 166.7 million new shares and associated options were issued, alongside additional securities as part of the placement and advisory arrangements.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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