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Weebit Nano Ltd. ( (AU:WBT) ) just unveiled an update.
Weebit Nano Ltd. has reported a significant revenue increase, reaching $4.4 million in FY25, marking a 300% growth compared to the previous year. This growth is attributed to their IP licensing and Non-Recurring Engineering fees for their embedded ReRAM Non-Volatile Memory technology. The company has secured IP licensing agreements with three fabs and a design agreement with a product company, and has signed an agreement with Tier-1 IDM onsemi while progressing towards qualification with foundry DB HiTek. The company anticipates further revenue growth through additional licensing and design agreements.
More about Weebit Nano Ltd.
Weebit Nano Ltd. is a prominent developer and licensor of advanced semiconductor memory technology, focusing on Resistive RAM (ReRAM) solutions. These solutions cater to the increasing demand for high-performance and low-power memory in electronic products, including IoT devices, smartphones, robotics, autonomous vehicles, 5G communications, and artificial intelligence. Weebit’s ReRAM technology offers significant advantages over traditional flash memory, being faster, more cost-effective, reliable, and energy-efficient, and can be integrated into existing manufacturing processes without requiring special equipment or large investments.
Average Trading Volume: 749,044
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$589.9M
Learn more about WBT stock on TipRanks’ Stock Analysis page.