4DS Memory (4DS) AI Stock Analysis

• Market Cap: AU$23.70M
• Dividend Yield: N/A
• Average Volume (3M): 5.73M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.26
• Revenue Growth: N/A
• EPS Growth: -67.74%
• Country: AU
• Employees: N/A
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): >-0.01
• Shares Outstanding: 2,060,898,700
• 10 Day Avg. Volume: 6,648,866
• 30 Day Avg. Volume: 5,734,885
• 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 Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: AU$0.01 ▲(10.00% Upside)

The score is held down primarily by very weak financial performance (minimal/zero revenue, persistent losses, and significant cash burn implying ongoing funding needs). Technicals add further pressure with a negative MACD and price below long-term moving averages, while valuation is difficult to support given a negative P/E and no provided dividend yield.

Positive Factors

Strategic Review for AI Integration

The strategic review focusing on AI integration aligns with global trends towards faster computing, potentially enhancing 4DS's market position in AI and data analytics.

Low Leverage

Low leverage reduces refinancing risk and provides financial stability, allowing the company to focus on long-term strategic initiatives without immediate debt pressures.

Board Remuneration Changes

Reducing board remuneration demonstrates fiscal responsibility and commitment to preserving capital, which is crucial for sustaining operations and funding strategic initiatives.

Negative Factors

Zero Revenue

The absence of revenue highlights the challenge of commercializing its technology, which is critical for achieving sustainable growth and financial independence.

Cash Flow Challenges

Negative cash flow indicates a reliance on external funding, which can limit operational flexibility and increase financial risk if not addressed.

Governance Challenges

Internal governance issues can disrupt strategic focus and stakeholder confidence, potentially hindering long-term growth and operational stability.

4DS Memory Business Overview & Revenue Model

Company Description

4DS Memory Ltd. (4DS) is a semiconductor company focused on the development of non-volatile memory technology. The company operates primarily in the technology sector, specializing in the research and development of ReRAM (Resistive Random Access Memory), a type of memory that aims to replace traditional memory technologies used in various electronic devices. 4DS is committed to innovation in memory solutions, leveraging its proprietary technology to address the growing demand for efficient and scalable memory products.

How the Company Makes Money

4DS Memory Ltd. generates revenue through the licensing of its proprietary ReRAM technology to semiconductor manufacturers and technology companies. The company collaborates with industry partners to integrate its memory solutions into a wide range of electronic applications, which helps expand its market reach and potential revenue streams. Additionally, 4DS may engage in joint development agreements and strategic partnerships to further commercialize its technology, thereby contributing to its financial growth. The company's earnings are significantly influenced by its ability to protect its intellectual property and successfully negotiate licensing agreements with key players in the technology industry.

4DS Memory Financial Statement Overview

Summary

4DS Memory Ltd. faces significant financial challenges with consistent net losses and negative cash flows. Despite a strong equity base and low leverage, the company's inability to generate positive cash flow and profit raises concerns. Strategic improvements in operational efficiency and revenue generation are necessary for better financial health.

Income Statement

4DS Memory Ltd. has shown inconsistent revenue generation with a recent revenue uptick to 8050 but continued high net losses. The company has negative EBIT and EBITDA margins, indicating operational inefficiencies and high costs relative to revenue. There is a lack of consistent revenue growth and profitability, suggesting challenges in achieving stable income performance.

Balance Sheet

The company maintains a healthy equity position with a high equity ratio, reflecting stability in its financial structure. The debt-to-equity ratio is low, indicating manageable leverage levels. However, the company's negative net income affects the return on equity, suggesting that shareholder returns are currently unfavorable.

Cash Flow

4DS Memory Ltd. has negative operating and free cash flows, indicating cash outflows from its core operations. While there is a slight improvement in cash position with increased financing activities, the cash flow to net income ratios suggest inefficiencies in converting income to cash, highlighting liquidity management challenges.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	8.05K	0.00	23.65K	206.46K
Gross Profit	-181.06K	-181.06K	-161.76K	-189.75K	-201.17K	6.25K
EBITDA	-9.73M	-9.73M	-5.27M	-5.59M	-6.49M	-6.44M
Net Income	-9.68M	-9.68M	-5.45M	-5.79M	-6.73M	-6.66M
Balance Sheet
Total Assets	10.54M	10.54M	8.37M	5.85M	5.70M	4.98M
Cash, Cash Equivalents and Short-Term Investments	10.20M	10.20M	7.88M	5.60M	5.23M	4.30M
Total Debt	131.31K	131.31K	251.23K	53.96K	172.30K	259.10K
Total Liabilities	1.76M	1.76M	413.02K	193.91K	290.02K	1.03M
Stockholders Equity	8.78M	8.78M	7.96M	5.66M	5.41M	3.94M
Cash Flow
Free Cash Flow	-7.82M	-7.82M	-4.72M	-4.71M	-5.64M	-5.60M
Operating Cash Flow	-7.78M	-7.78M	-4.71M	-4.71M	-5.39M	-5.56M
Investing Cash Flow	-39.15K	-39.15K	-8.08K	0.00	-248.66K	-40.98K
Financing Cash Flow	10.14M	10.14M	7.00M	5.08M	6.59M	7.46M

4DS Memory Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.20 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:4DS.

4DS Memory Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
WBT	60 Neutral	AU$1.03B	-25.15	-50.48%	―	333.23%	10.83%
AXE	49 Neutral	AU$110.86M	-15.88	-35.59%	―	―	-45.74%
BLG	45 Neutral	AU$31.39M	-2.04	-81.16%	―	18.03%	6.08%
4DS	43 Neutral	AU$23.70M	-2.12	-112.59%	―	―	-67.74%
AI1	43 Neutral	AU$54.22M	-3.17	-27.06%	―	―	―
BRN	38 Underperform	AU$412.74M	-10.88	-149.70%	―	503.29%	11.46%

4DS Memory Corporate Events

4DS Memory Advances Strategic Review to Enhance AI Technology Integration

4DS Memory Limited has provided an update on its ongoing Strategic Review, which aims to explore pathways for commercializing its core memory technology. The review focuses on opportunities within the AI-enablement ecosystem, including technologies that enhance data processing and support AI workloads. The company is in preliminary discussions with potential partners, but no commitments have been made. The review aligns with global trends towards faster and more energy-efficient computing, driven by AI and data analytics growth. The company continues to evaluate options to strengthen its position in the AI market and create long-term value for shareholders, while maintaining its current operational status.

4DS Memory Faces Internal Governance Challenge with Invalid Director Removal Notice

4DS Memory Limited has received an invalid notice from three shareholders seeking to remove a director, Mr. David McAuliffe, under sections 203D and 249D of the Corporations Act. The company has informed the requisitioning shareholders of the invalidity of the notice and stated that no general meeting will be convened unless valid notices are received. This development highlights internal challenges within the company, potentially impacting its governance and stakeholder relations.

4DS Memory AGM Results Highlight Governance Challenges

4DS Memory Limited held its Annual General Meeting where several resolutions were voted on. The remuneration report received a ‘first strike’ with significant opposition, while the re-election of director Howard Digby was approved. However, the approval of the 7.1A mandate and the election of several directors nominated by shareholders were not carried, indicating potential challenges in governance and strategic direction.

4DS Memory Limited Addresses Shareholder Concerns Amid Strategic Review

In a recent address at the Annual General Meeting, 4DS Memory Limited’s Executive Chairman, David McAuliffe, acknowledged the company’s recent challenges and shareholder frustrations. The company is undergoing a Strategic Review to stabilize operations, preserve capital, and explore value-accretive pathways. The board emphasized its commitment to responsible governance, legal compliance, and long-term value creation, urging shareholders to rely on official announcements for accurate information. The board also highlighted the importance of maintaining stability during the review process and expressed openness to future board composition changes to support growth.

4DS Memory Announces Board Remuneration Changes Amid Strategic Review

4DS Memory Limited has announced significant changes to its Board remuneration effective from November 1, 2025, reducing all Non-Executive Director fees to zero and cutting the Executive Chairman’s salary by 50%. This strategic move comes ahead of the company’s Annual General Meeting on November 20, 2025, where the Board has expressed concerns about potential risks to business continuity and strategic initiatives in AI due to proposed Board changes. The Board recommends shareholders vote against new director nominations and supports the re-election of current Non-Executive Director Mr. Howard Digby.

4DS Memory Limited Releases Annual Financial Report for 2025

4DS Memory Limited has released its annual financial report for the year ending June 30, 2025. The report includes comprehensive financial statements, covering profit and loss, financial position, changes in equity, and cash flows, among other details. This release provides stakeholders with a detailed view of the company’s financial health and operational performance, reflecting its strategic focus and market positioning in the non-volatile memory technology industry.

4DS Memory Announces 2025 Annual General Meeting Amid Director Nomination Concerns

4DS Memory Limited has announced its 2025 Annual General Meeting, scheduled for November 20, 2025, in West Perth, Australia. The company has received four unsolicited director nominations, which the board recommends shareholders vote against. Shareholders are encouraged to review the meeting materials online, as hard copies will not be distributed unless previously requested. This meeting is significant for stakeholders as it involves crucial voting decisions that could impact the company’s governance and strategic direction.

4DS Memory Announces AGM and Director Nomination Deadline

4DS Memory Limited has announced its upcoming Annual General Meeting (AGM) scheduled for November 20, 2025, where the re-election and appointment of directors will be a key agenda item. The deadline for director nominations is October 9, 2025. This announcement marks a significant event for the company’s governance and could impact its strategic direction and stakeholder interests.