4DS Memory Limited (ASX:4DS) Announces Quarterly Activity Report and Technical Progress
Technical Milestones
4DS Memory Limited (ASX: 4DS) successfully completed the characterisation and testing of the Fifth Platform Lot, optimising memory cell array construction for the first 20nm memory cell array in the Sixth Platform Lot. The Sixth Platform Lot has been manufactured and is in transit, with preliminary analysis expected in Q2 2025.
Funding and Shareholder Updates
The company secured $6 million through the placement of approximately 166.7 million ordinary shares at $0.036 per share and a $2 million Share Purchase Plan. Due to strong demand, the share purchase plan was scaled back to $2.6 million.
Partnerships and Business Development
4DS entered into a Design Agreement with Infineon Technologies LLC to develop a custom ReRAM memory test chip. Executive Chairman Mr David McAuliffe plans to collaborate with partners in the USA and Europe to explore commercialisation strategies based on the project’s success.
Financial Performance
As of 31 March 2025, 4DS held $9.081 million in cash, up from $4.625 million in December 2024. Net cash used in operating activities was $3.511 million during the March quarter, with expectations of lower cash usage in the June quarter.
Motley Fool contributor Lauren Surplice 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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