Xanadu Quantum Technologies（XNDU）株式概要ザナドゥ・クォンタム・テクノロジーズ社は量子コンピューターを製造している。 詳細XNDU ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長2/6過去の実績0/6財務の健全性5/6配当金0/6報酬収益は年間63.31%増加すると予測されています 過去 1 年間で収益は223%増加しましたリスク分析今後3年間の収益は年平均24.9%減少すると予測されている。 Canadian市場と比較して、過去 3 か月間の株価の変動が非常に大きい現在は利益が出ておらず、今後3年間で利益が出る見込みはない すべてのリスクチェックを見るXNDU Community Fair Values Create NarrativeSee what 8 others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueCA$Current PriceCA$22.494.6k% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-136m78m2016201920222025202620282031Revenue US$78.4mEarnings US$9.4mAdvancedSet Fair ValueView all narrativesXanadu Quantum Technologies Limited 競合他社Lumine GroupSymbol: TSXV:LMNMarket cap: CA$5.3bTopicus.comSymbol: TSXV:TOIMarket cap: CA$8.2bDescartes Systems GroupSymbol: TSX:DSGMarket cap: CA$8.5bKinaxisSymbol: TSX:KXSMarket cap: CA$4.1b価格と性能株価の高値、安値、推移の概要Xanadu Quantum Technologies過去の株価現在の株価CA$22.4952週高値CA$57.0052週安値CA$9.75ベータ01ヶ月の変化-41.90%3ヶ月変化n/a1年変化n/a3年間の変化n/a5年間の変化n/aIPOからの変化40.30%最新ニュースお知らせ • May 24Xanadu Quantum Technologies Limited Announces Algorithmic Breakthrough in Quantum Read-Only MemoryXanadu Quantum Technologies Limited announced an algorithmic breakthrough in Quantum Read-Only Memory (QROM), a vital component for executing advanced quantum applications. This new implementation is expected to reduce the number of expensive quantum operations by approximately twofold, directly overcoming a significant hardware bottleneck that challenges near-term, utility-scale fault-tolerant quantum computers. QROM is an algorithmic subroutine for loading classical data onto a quantum computer, and constitutes a major bottleneck for applications of quantum computers. Despite its critical importance, QROM performance had reached a plateau, with no significant improvements to the previous state-of-the-art over the last seven years. Xanadu's recent work breaks this dry spell by delivering an advancement that lowers the resource requirements for quantum applications. The innovation specifically targets reducing the number of Toffoli gates, one of the most computationally expensive operations a quantum computer can perform. For problem sizes limited by the number of available qubits, Xanadu's implementation approximately halves the Toffoli gate count within QROM modules. These optimizations provide cost reductions by replacing traditional qubit "swapping" methods with a "copying" mechanism for QROM. In addition to this, the new work further optimizes common sequencing of back-to-back QROM modules by removing multiple redundant data-unloading steps and replacing them with a single, efficient unloading process. Together, these two innovations allow quantum programs to load classical data through QROM at roughly half of the previous cost. This advancement offers immediate benefits for near-term utility-scale quantum computers, where making use of the limited number of available qubits is crucial to enabling industry use cases. This work marks another milestone in accelerating Xanadu towards achieving its mission: to build quantum computers that are useful and available to people everywhere.ライブニュース • May 23Xanadu Quantum Reports 4x Q1 Revenue and $300 Million Funding as Losses ExpandXanadu reported Q1 2026 revenue of $2.8 million, around 4x higher year over year, while net losses widened to $20.6 million as spending on research, development and administration increased. The company closed a reverse recapitalization merger and PIPE to raise gross proceeds of $301.6 million, is negotiating up to about $285 million in Canadian and Ontario government funding, and set up a $300 million synthetic at-the-market equity program that could dilute current shareholders. Xanadu announced an algorithmic advance in Quantum Read-Only Memory that cuts certain quantum operation counts by about half, targeting a key hardware bottleneck for fault-tolerant, utility-scale quantum computing and supporting its push toward a quantum data center in 2029 to 2030. Together, the larger cash position, potential government support and ATM facility give Xanadu multiple funding levers to keep investing heavily in photonic quantum hardware and its PennyLane software platform while it is still loss-making. The trade-off for you is between exposure to early-stage quantum computing progress and the risks of continued operating losses, execution on ambitious timelines and possible share dilution from the equity program.お知らせ • May 02Xanadu Quantum Technologies Limited to Report Q1, 2026 Results on May 14, 2026Xanadu Quantum Technologies Limited announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 14, 2026Board Change • Apr 26High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Founder, CEO & Director Christian Weedbrook is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.New Risk • Apr 21New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 32% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$77m free cash flow). Shares are highly illiquid. Earnings are forecast to decline by an average of 32% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$142m net loss in 2 years). Revenue is less than US$5m (US$4.6m revenue).New Risk • Apr 17New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$77m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$77m free cash flow). Shares are highly illiquid. Minor Risk Revenue is less than US$5m (US$4.6m revenue).最新情報をもっと見るRecent updatesお知らせ • May 24Xanadu Quantum Technologies Limited Announces Algorithmic Breakthrough in Quantum Read-Only MemoryXanadu Quantum Technologies Limited announced an algorithmic breakthrough in Quantum Read-Only Memory (QROM), a vital component for executing advanced quantum applications. This new implementation is expected to reduce the number of expensive quantum operations by approximately twofold, directly overcoming a significant hardware bottleneck that challenges near-term, utility-scale fault-tolerant quantum computers. QROM is an algorithmic subroutine for loading classical data onto a quantum computer, and constitutes a major bottleneck for applications of quantum computers. Despite its critical importance, QROM performance had reached a plateau, with no significant improvements to the previous state-of-the-art over the last seven years. Xanadu's recent work breaks this dry spell by delivering an advancement that lowers the resource requirements for quantum applications. The innovation specifically targets reducing the number of Toffoli gates, one of the most computationally expensive operations a quantum computer can perform. For problem sizes limited by the number of available qubits, Xanadu's implementation approximately halves the Toffoli gate count within QROM modules. These optimizations provide cost reductions by replacing traditional qubit "swapping" methods with a "copying" mechanism for QROM. In addition to this, the new work further optimizes common sequencing of back-to-back QROM modules by removing multiple redundant data-unloading steps and replacing them with a single, efficient unloading process. Together, these two innovations allow quantum programs to load classical data through QROM at roughly half of the previous cost. This advancement offers immediate benefits for near-term utility-scale quantum computers, where making use of the limited number of available qubits is crucial to enabling industry use cases. This work marks another milestone in accelerating Xanadu towards achieving its mission: to build quantum computers that are useful and available to people everywhere.ライブニュース • May 23Xanadu Quantum Reports 4x Q1 Revenue and $300 Million Funding as Losses ExpandXanadu reported Q1 2026 revenue of $2.8 million, around 4x higher year over year, while net losses widened to $20.6 million as spending on research, development and administration increased. The company closed a reverse recapitalization merger and PIPE to raise gross proceeds of $301.6 million, is negotiating up to about $285 million in Canadian and Ontario government funding, and set up a $300 million synthetic at-the-market equity program that could dilute current shareholders. Xanadu announced an algorithmic advance in Quantum Read-Only Memory that cuts certain quantum operation counts by about half, targeting a key hardware bottleneck for fault-tolerant, utility-scale quantum computing and supporting its push toward a quantum data center in 2029 to 2030. Together, the larger cash position, potential government support and ATM facility give Xanadu multiple funding levers to keep investing heavily in photonic quantum hardware and its PennyLane software platform while it is still loss-making. The trade-off for you is between exposure to early-stage quantum computing progress and the risks of continued operating losses, execution on ambitious timelines and possible share dilution from the equity program.お知らせ • May 02Xanadu Quantum Technologies Limited to Report Q1, 2026 Results on May 14, 2026Xanadu Quantum Technologies Limited announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 14, 2026Board Change • Apr 26High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Founder, CEO & Director Christian Weedbrook is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.New Risk • Apr 21New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 32% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$77m free cash flow). Shares are highly illiquid. Earnings are forecast to decline by an average of 32% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$142m net loss in 2 years). Revenue is less than US$5m (US$4.6m revenue).New Risk • Apr 17New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$77m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$77m free cash flow). Shares are highly illiquid. Minor Risk Revenue is less than US$5m (US$4.6m revenue).Board Change • Mar 30No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Founder, CEO & Director Christian Weedbrook was the last director to join the board, commencing their role in 2016. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.株主還元XNDUCA SoftwareCA 市場7D7.5%4.4%0.08%1Yn/a-36.9%32.3%株主還元を見る業界別リターン: XNDUがCanadian Software業界に対してどのようなパフォーマンスを示したかを判断するにはデータが不十分です。リターン対市場: XNDU Canadian市場に対してどのようなパフォーマンスを示したかを判断するにはデータが不十分です。価格変動Is XNDU's price volatile compared to industry and market?XNDU volatilityXNDU Average Weekly Movement45.4%Software Industry Average Movement10.4%Market Average Movement10.2%10% most volatile stocks in CA Market17.7%10% least volatile stocks in CA Market3.8%安定した株価: XNDUの株価は、 Canadian市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 過去 1 年間のXNDUのボラティリティの変化を判断するには データが不十分です。会社概要設立従業員CEO（最高経営責任者ウェブサイト2016252Christian Weedbrookwww.xanadu.aiザナドゥ・クォンタム・テクノロジーズ社は量子コンピュータを製造している。同社は、クラウドベースで量子コンピューターにアクセスするためのプラットフォームと、量子プログラミングとシミュレーションのためのツールを開発している。同社のプラットフォームは、クラウド経由で利用可能なxシリーズデバイスを通じてフォトニック量子コンピュータへのアクセスを提供し、プログラマブル量子ゲートと光子数分解検出器をサポートする。本社はカナダのトロント。もっと見るXanadu Quantum Technologies Limited 基礎のまとめXanadu Quantum Technologies の収益と売上を時価総額と比較するとどうか。XNDU 基礎統計学時価総額CA$7.11b収益（TTM）-CA$109.03m売上高(TTM)CA$9.31m721.3xP/Sレシオ-61.6xPER（株価収益率XNDU は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計XNDU 損益計算書（TTM）収益US$6.75m売上原価US$425.00k売上総利益US$6.33mその他の費用US$85.39m収益-US$79.07m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）-0.26グロス・マージン93.70%純利益率-1,171.35%有利子負債／自己資本比率11.5%XNDU の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/29 01:56終値2026/05/29 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Xanadu Quantum Technologies Limited 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関William Kingsley CraneCanaccord GenuityNehal ChokshiNorthland Capital Markets
お知らせ • May 24Xanadu Quantum Technologies Limited Announces Algorithmic Breakthrough in Quantum Read-Only MemoryXanadu Quantum Technologies Limited announced an algorithmic breakthrough in Quantum Read-Only Memory (QROM), a vital component for executing advanced quantum applications. This new implementation is expected to reduce the number of expensive quantum operations by approximately twofold, directly overcoming a significant hardware bottleneck that challenges near-term, utility-scale fault-tolerant quantum computers. QROM is an algorithmic subroutine for loading classical data onto a quantum computer, and constitutes a major bottleneck for applications of quantum computers. Despite its critical importance, QROM performance had reached a plateau, with no significant improvements to the previous state-of-the-art over the last seven years. Xanadu's recent work breaks this dry spell by delivering an advancement that lowers the resource requirements for quantum applications. The innovation specifically targets reducing the number of Toffoli gates, one of the most computationally expensive operations a quantum computer can perform. For problem sizes limited by the number of available qubits, Xanadu's implementation approximately halves the Toffoli gate count within QROM modules. These optimizations provide cost reductions by replacing traditional qubit "swapping" methods with a "copying" mechanism for QROM. In addition to this, the new work further optimizes common sequencing of back-to-back QROM modules by removing multiple redundant data-unloading steps and replacing them with a single, efficient unloading process. Together, these two innovations allow quantum programs to load classical data through QROM at roughly half of the previous cost. This advancement offers immediate benefits for near-term utility-scale quantum computers, where making use of the limited number of available qubits is crucial to enabling industry use cases. This work marks another milestone in accelerating Xanadu towards achieving its mission: to build quantum computers that are useful and available to people everywhere.
ライブニュース • May 23Xanadu Quantum Reports 4x Q1 Revenue and $300 Million Funding as Losses ExpandXanadu reported Q1 2026 revenue of $2.8 million, around 4x higher year over year, while net losses widened to $20.6 million as spending on research, development and administration increased. The company closed a reverse recapitalization merger and PIPE to raise gross proceeds of $301.6 million, is negotiating up to about $285 million in Canadian and Ontario government funding, and set up a $300 million synthetic at-the-market equity program that could dilute current shareholders. Xanadu announced an algorithmic advance in Quantum Read-Only Memory that cuts certain quantum operation counts by about half, targeting a key hardware bottleneck for fault-tolerant, utility-scale quantum computing and supporting its push toward a quantum data center in 2029 to 2030. Together, the larger cash position, potential government support and ATM facility give Xanadu multiple funding levers to keep investing heavily in photonic quantum hardware and its PennyLane software platform while it is still loss-making. The trade-off for you is between exposure to early-stage quantum computing progress and the risks of continued operating losses, execution on ambitious timelines and possible share dilution from the equity program.
お知らせ • May 02Xanadu Quantum Technologies Limited to Report Q1, 2026 Results on May 14, 2026Xanadu Quantum Technologies Limited announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 14, 2026
Board Change • Apr 26High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Founder, CEO & Director Christian Weedbrook is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
New Risk • Apr 21New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 32% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$77m free cash flow). Shares are highly illiquid. Earnings are forecast to decline by an average of 32% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$142m net loss in 2 years). Revenue is less than US$5m (US$4.6m revenue).
New Risk • Apr 17New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$77m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$77m free cash flow). Shares are highly illiquid. Minor Risk Revenue is less than US$5m (US$4.6m revenue).
お知らせ • May 24Xanadu Quantum Technologies Limited Announces Algorithmic Breakthrough in Quantum Read-Only MemoryXanadu Quantum Technologies Limited announced an algorithmic breakthrough in Quantum Read-Only Memory (QROM), a vital component for executing advanced quantum applications. This new implementation is expected to reduce the number of expensive quantum operations by approximately twofold, directly overcoming a significant hardware bottleneck that challenges near-term, utility-scale fault-tolerant quantum computers. QROM is an algorithmic subroutine for loading classical data onto a quantum computer, and constitutes a major bottleneck for applications of quantum computers. Despite its critical importance, QROM performance had reached a plateau, with no significant improvements to the previous state-of-the-art over the last seven years. Xanadu's recent work breaks this dry spell by delivering an advancement that lowers the resource requirements for quantum applications. The innovation specifically targets reducing the number of Toffoli gates, one of the most computationally expensive operations a quantum computer can perform. For problem sizes limited by the number of available qubits, Xanadu's implementation approximately halves the Toffoli gate count within QROM modules. These optimizations provide cost reductions by replacing traditional qubit "swapping" methods with a "copying" mechanism for QROM. In addition to this, the new work further optimizes common sequencing of back-to-back QROM modules by removing multiple redundant data-unloading steps and replacing them with a single, efficient unloading process. Together, these two innovations allow quantum programs to load classical data through QROM at roughly half of the previous cost. This advancement offers immediate benefits for near-term utility-scale quantum computers, where making use of the limited number of available qubits is crucial to enabling industry use cases. This work marks another milestone in accelerating Xanadu towards achieving its mission: to build quantum computers that are useful and available to people everywhere.
ライブニュース • May 23Xanadu Quantum Reports 4x Q1 Revenue and $300 Million Funding as Losses ExpandXanadu reported Q1 2026 revenue of $2.8 million, around 4x higher year over year, while net losses widened to $20.6 million as spending on research, development and administration increased. The company closed a reverse recapitalization merger and PIPE to raise gross proceeds of $301.6 million, is negotiating up to about $285 million in Canadian and Ontario government funding, and set up a $300 million synthetic at-the-market equity program that could dilute current shareholders. Xanadu announced an algorithmic advance in Quantum Read-Only Memory that cuts certain quantum operation counts by about half, targeting a key hardware bottleneck for fault-tolerant, utility-scale quantum computing and supporting its push toward a quantum data center in 2029 to 2030. Together, the larger cash position, potential government support and ATM facility give Xanadu multiple funding levers to keep investing heavily in photonic quantum hardware and its PennyLane software platform while it is still loss-making. The trade-off for you is between exposure to early-stage quantum computing progress and the risks of continued operating losses, execution on ambitious timelines and possible share dilution from the equity program.
お知らせ • May 02Xanadu Quantum Technologies Limited to Report Q1, 2026 Results on May 14, 2026Xanadu Quantum Technologies Limited announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 14, 2026
Board Change • Apr 26High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 1 highly experienced director. Founder, CEO & Director Christian Weedbrook is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
New Risk • Apr 21New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 32% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$77m free cash flow). Shares are highly illiquid. Earnings are forecast to decline by an average of 32% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$142m net loss in 2 years). Revenue is less than US$5m (US$4.6m revenue).
New Risk • Apr 17New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$77m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$77m free cash flow). Shares are highly illiquid. Minor Risk Revenue is less than US$5m (US$4.6m revenue).
Board Change • Mar 30No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Founder, CEO & Director Christian Weedbrook was the last director to join the board, commencing their role in 2016. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
