4DS Memory Ltd. (AU:4DS)
ASX:4DS
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4DS Memory
(Sydney:4DS)
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Rating:43Neutral
Price Target:
AU$0.01
▲(10.00% Upside)
Action:Reiterated
Date:04/08/26
The score is primarily weighed down by very weak financial performance—minimal/zero revenue, persistent losses, and significant ongoing cash burn that implies continued financing needs. Technicals add additional pressure with the stock trading below key moving averages and a negative MACD. Valuation provides limited support because losses make the negative P/E hard to interpret and there is no dividend yield.
Positive Factors
Low leverage and larger equity cushion
A materially stronger equity base and very low debt reduce near-term refinancing risk and give the company capacity to fund R&D and partner development without immediate debt pressure. This improves survivability while the business pursues licensing milestones over coming quarters.
Negative Factors
No meaningful commercial revenue
The company remains pre-commercial with effectively zero revenue, indicating no proven product-market adoption. This creates sustained uncertainty around the timing and scale of future licensing income and means operational progress currently depends on achieving technical milestones rather than existing cash-generating contracts.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and larger equity cushion
A materially stronger equity base and very low debt reduce near-term refinancing risk and give the company capacity to fund R&D and partner development without immediate debt pressure. This improves survivability while the business pursues licensing milestones over coming quarters.
Read all positive factors
4DS Memory (4DS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$22.67M
Dividend YieldN/A
Average Volume (3M)5.73M
Price to Earnings (P/E)―
Beta (1Y)2.60
Revenue GrowthN/A
EPS Growth7.50%
CountryAU
Employees7
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,060,898,700
10 Day Avg. Volume6,648,866
30 Day Avg. Volume5,734,885
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)5.30
Price to Sales (P/S)0.00
P/FCF Ratio-5.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
4DS Memory Business Overview & Revenue Model
Company Description
4DS Memory Limited specializes in the research and advancement of non-volatile memory technology. The company primarily focuses on creating interface switching Resistive Random-Access Memory (ReRAM) solutions, specifically designed for storage cla...
How the Company Makes Money
4DS’s monetisation model is based on commercialising its proprietary memory intellectual property (IP) rather than selling manufactured chips at scale. In practice, the company aims to generate revenue primarily through (1) licensing its IS-ReRAM ...
4DS Memory Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
62
Positive
Cash Flow
14
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 8.05K | 0.00 | 23.65K | 206.46K |
| Gross Profit | -174.84K | -181.06K | -161.76K | -189.75K | -201.17K | 6.25K |
| EBITDA | -7.20M | -9.73M | -5.27M | -5.59M | -6.49M | -6.44M |
| Net Income | -7.13M | -9.68M | -5.45M | -5.79M | -6.73M | -6.66M |
Balance Sheet | ||||||
| Total Assets | 9.07M | 10.54M | 8.37M | 5.85M | 5.70M | 4.98M |
| Cash, Cash Equivalents and Short-Term Investments | 8.79M | 10.20M | 7.88M | 5.60M | 5.23M | 4.30M |
| Total Debt | 166.73K | 131.31K | 251.23K | 53.96K | 172.30K | 259.10K |
| Total Liabilities | 1.42M | 1.76M | 413.02K | 193.91K | 290.02K | 1.03M |
| Stockholders Equity | 7.65M | 8.78M | 7.96M | 5.66M | 5.41M | 3.94M |
Cash Flow | ||||||
| Free Cash Flow | -5.90M | -7.82M | -4.72M | -4.71M | -5.64M | -5.60M |
| Operating Cash Flow | -5.87M | -7.78M | -4.71M | -4.71M | -5.39M | -5.56M |
| Investing Cash Flow | -5.29M | -39.15K | -8.08K | 0.00 | -248.66K | -40.98K |
| Financing Cash Flow | 9.88M | 10.14M | 7.00M | 5.08M | 6.59M | 7.46M |
4DS Memory Technical Analysis
Negative
0.01
Price Trends
0.01
Positive
0.01
Negative
0.01
Negative
Market Momentum
<0.01
Positive
52.12
Neutral
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:4DS, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.01, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 52.12 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:4DS.
4DS Memory Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | AU$1.92B | -38.70 | -57.61% | ― | 508.63% | -6.35% | |
48 Neutral | AU$360.66M | -12.22 | -89.98% | ― | 386.28% | 21.47% | |
48 Neutral | AU$66.51M | -4.99 | -99.85% | ― | 2.41% | 23.50% | |
47 Neutral | AU$90.47M | -16.53 | -36.17% | ― | ― | 13.49% | |
47 Neutral | AU$223.62M | -14.39 | -38.55% | ― | -49.13% | 0.65% | |
43 Neutral | AU$22.67M | -3.18 | -86.80% | ― | ― | 7.50% |
* Technology Sector Average
AU:4DS
4DS Memory
0.01
-0.02
-59.26%
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Archer Materials
0.36
0.10
39.22%
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BrainChip Holdings
0.16
-0.04
-21.95%
AU:BLG
BluGlass
0.35
0.15
75.88%
AU:AI1
DC Two Ltd.
0.19
0.15
322.22%
AU:WBT
Weebit Nano Ltd.
8.02
6.46
414.10%
4DS Memory Corporate Events
4DS Memory Confirms imec R&D Payment and Slight Delay to India Push
May 26, 2026
4DS Memory Limited has paid about A$755,000 to Belgian research hub imec for research and development services incurred in the first half of 2025, underscoring its continued investment in advancing its Interface Switching ReRAM technology. The com...
4DS Targets India’s Mature-Node Chip Sector for 60nm ReRAM Rollout
May 11, 2026
4DS Memory is accelerating the commercialisation of its 60nm ReRAM platform by targeting mature-node semiconductor markets in South East Asia, with a particular focus on India. The company sees its technology as well suited to industrial, automoti...
4DS Memory Advances Strategic Acquisition as It Pushes Commercialisation of 60nm ReRAM
Apr 30, 2026
4DS Memory, a Silicon Valley-based semiconductor technology firm listed on the ASX, develops high bandwidth, high endurance non-volatile memory using its proprietary Interface Switching and PCMO ReRAM technologies on advanced CMOS nodes. The compa...
4DS Memory Shares Suspended as ASX Demands Recompliance for Major Deal
Apr 27, 2026
4DS Memory Limited has requested and received a voluntary suspension of its securities from quotation on the ASX, as the company works through a proposed recompliance transaction involving a material acquisition and capital raising. The ASX has re...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.