4DS Memory Limited’s (ASX:4DS) Stock Tumbled After An Update On IMEC Collaboration

4DS Memory Limited’s (ASX:4DS) stock tumbled 40.87% on September 20, 2018 after an update on IMEC collaboration in which the group states that the analysis of 300mm wafers (first lot) has been done with the help of IMEC, a well-known and renowned research company in the digital domain as well as in nanoelectronics. Among the number of iterations, this was the first planned iterations. The completion of the analysis would help both the companies in second 300mm wafer lot development. Both the companies would now be doing certain modifications which would aid in second 300mm wafer lot.

As per the press release issued, the work related to the second 300mm wafer lot would commence shortly and the expectations are that it would reach at the analysis stage by Q1 2019. The top management of 4DS stated that both the companies would identify the modifications which are required to be done so that the risk at the further stages can be reduced to the extent possible. Moreover, this would help in the boosting the entire collaboration process.

A Look at 4DS Memory Limited’s yearly results:

4DS Memory Limited (ASX:4DS) ended FY2018 by incurring the net loss amounting to $5.2 million compared to $2.5 million in FY2017. As of June 30, 2018, the company’s cash balance stood at $2.9 million while it had net assets amounting to $3.1 million. The company ended FY2018 by recording a net cash outflow of $3.3 million from operations representing an increase on the YoY (year-over-year) basis. Of this, $2.5 million was incurred towards research and development or R&D. It ended FY2017 with a net cash outflow of $2.4 million.

However, in FY2018, 4DS Memory received an interest amounting to $0.02 million. During the same period, the company’s net cash used towards its investments amounted to $0.3 million. However, in the previous year, net cash inflow from investments amounted to $0.08 million aided by the cash received from selling the shares as well as mining tenements. In FY2018, the company’s financing activities saw net cash inflow amounting to $4 million primarily helped by the cash flow from the shares as well as options issue.

On September 20, 2018, 4DS’s shares traded at A$0.068 at 1:14 pm (AEST). Over the past six months, the stock has delivered the return of 49.35%.

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