4DS Memory Ltd. (AU:4DS)
ASX:4DS
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4DS Memory
(Sydney:4DS)
Select Model
Select Model
Rating:43Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:ReiteratedDate: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
Capital-light IP licensing model
A licensing-centric monetisation model is structurally capital-light versus fab-led rivals: it can scale via royalties and partner-funded integration work, preserving cash and management focus on R&D. Over months this enables upside without heavy manufacturing capex if partners adopt the IP.
Negative Factors
No meaningful commercial revenue
The absence of recurring commercial revenue is a core structural risk: it means the business remains pre-commercial and dependent on achieving technical milestones and licence agreements. Without verified customer production, revenue timing is uncertain and commercial scaling is unproven.
Read all positive and negative factors
Positive Factors
Negative Factors
Capital-light IP licensing model
A licensing-centric monetisation model is structurally capital-light versus fab-led rivals: it can scale via royalties and partner-funded integration work, preserving cash and management focus on R&D. Over months this enables upside without heavy manufacturing capex if partners adopt the IP.
Read all positive factors
4DS Memory (4DS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$20.61M
Dividend YieldN/A
Average Volume (3M)5.73M
Price to Earnings (P/E)―
Beta (1Y)2.67
Revenue GrowthN/A
EPS Growth-67.74%
CountryAU
Employees7
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)0.00
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 engages in the research and development of non-volatile memory technology. The company develops interface switching ReRAM products for storage class memory in mobile devices and cloud data centers. It has a collaboration agreeme...
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 | -7.32M | -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
Negative
0.01
Negative
0.02
Negative
Market Momentum
>-0.01
Positive
44.33
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 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.33 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% | |
51 Neutral | AU$50.05M | -2.15 | -38.55% | ― | ― | ― | |
49 Neutral | AU$867.81M | -8.87 | -57.61% | ― | 333.23% | 10.83% | |
48 Neutral | AU$315.58M | -11.70 | -89.98% | ― | 503.29% | 11.46% | |
45 Neutral | AU$38.41M | -1.86 | -99.85% | ― | 18.03% | 6.08% | |
43 Neutral | AU$20.61M | -6.20 | -86.80% | ― | ― | -67.74% | |
42 Neutral | AU$79.00M | -7.24 | -36.17% | ― | ― | -45.74% |
* Technology Sector Average
AU:4DS
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4DS Memory Corporate Events
4DS Memory Narrows Half-Year Loss as Revenue Jumps on R&D-Driven Strategy
Feb 27, 2026
4DS Memory Limited reported a 117.4% increase in revenue to $316,448 for the half-year to 31 December 2025, while narrowing its net loss to $914,658, a 73.6% improvement on the prior corresponding period. Basic and diluted loss per share improved ...
4DS Memory Tightens Costs and Pursues Strategic Options Amid Ongoing AI-Focused Review
Jan 28, 2026
4DS Memory reported its December 2025 quarterly activities, highlighting the continuation of a formal strategic review aimed at stabilising the business, preserving capital and exploring value-accretive opportunities, particularly within the accel...
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.