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Weebit Nano Ltd. ( (AU:WBT) ) has issued an announcement.
Weebit Nano Ltd. reported a significant increase in revenue from ordinary activities by 341% for the half-year ended December 31, 2024, despite a 10% decrease in losses compared to the previous period. The company has accelerated its commercial activities through a licensing agreement with onsemi and has achieved key milestones in its DB HiTek license agreement. Looking ahead, Weebit Nano aims to secure new licensing and customer agreements in 2025, which could enhance its market position and stakeholder value.
More about Weebit Nano Ltd.
Weebit Nano Ltd. operates in the semiconductor industry, focusing on developing advanced memory technologies. The company is engaged in creating innovative solutions for data storage, targeting partnerships with foundries, integrated device manufacturers, and product companies.
YTD Price Performance: -41.94%
Average Trading Volume: 821,202
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$433.2M
See more data about WBT stock on TipRanks’ Stock Analysis page.