Want to see AU:WBT full AI Analyst Report?
Top Page
Weebit Nano Ltd.
(Sydney:WBT)
Select Model
Select Model
Rating:52Neutral
Price Target:
AU$6.00
▲(14.07% Upside)
Action:Reiterated
Date:05/16/26
The score is driven primarily by mixed financial performance: very strong revenue growth and a solid, low-leverage balance sheet are offset by persistent losses and negative operating cash flow. Technically, the trend is strong with price above all major moving averages, but momentum indicators are extremely elevated, increasing pullback risk. Valuation is constrained by the negative P/E, reflecting ongoing unprofitability.
Positive Factors
Strong revenue growth
186.14% revenue growth signals meaningful top-line traction for Weebit's ReRAM IP licensing model. Durable adoption by customers would create scalable milestone and royalty streams, validate the IP, and strengthen commercial leverage with foundries and SoC designers over multiple quarters.
Negative Factors
Persistent unprofitability
Ongoing negative EBIT and net income margins mean revenue growth has not translated into profits. Persistent losses erode equity, constrain reinvestment in commercialization, and increase the likelihood of dilution or external financing, limiting strategic flexibility over upcoming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
186.14% revenue growth signals meaningful top-line traction for Weebit's ReRAM IP licensing model. Durable adoption by customers would create scalable milestone and royalty streams, validate the IP, and strengthen commercial leverage with foundries and SoC designers over multiple quarters.
Read all positive factors
Weebit Nano Ltd. (WBT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.40B
Dividend YieldN/A
Average Volume (3M)943.10K
Price to Earnings (P/E)―
Beta (1Y)1.37
Revenue Growth508.63%
EPS Growth-6.35%
CountryAU
Employees50
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.22
Shares Outstanding240,202,840
10 Day Avg. Volume1,263,815
30 Day Avg. Volume943,097
Financial Highlights & Ratios
PEG Ratio0.63
Price to Book (P/B)3.62
Price to Sales (P/S)74.05
P/FCF Ratio-13.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.11
Revenue Forecast (FY)AU$33.10M
Weebit Nano Ltd. Business Overview & Revenue Model
Company Description
Weebit Nano Limited, an Australian enterprise founded in 2015 and based in Melbourne, focuses on engineering non-volatile memory solutions. Their core innovation lies in Resistive RAM (ReRAM) technology, which utilizes standard fabrication factory...
How the Company Makes Money
Weebit Nano makes money primarily by licensing its ReRAM technology as intellectual property (IP) to semiconductor manufacturers and chip designers. Under an IP licensing model, revenue typically comes from (1) upfront or milestone-based fees tied...
Weebit Nano Ltd. Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Aug 21, 2026
Earnings Call Sentiment Positive
The call conveyed meaningful commercial progress and technical validation — notably the TI licensing, onsemi silicon in-hand, DB HiTek qualification, and sustained investment in AI/in‑memory compute and commercial infrastructure. At the same time, near-term commercialization and revenue recognition timelines remain uncertain due to foundry capacity constraints, additional testing/qualification steps, heavy R&D spend, and a slipped third deal into 2026. Overall, the strategic momentum and high‑quality customer endorsements outweigh the timing and execution risks discussed.Positive Updates
Major Licensing Win with Texas Instruments (TI)
Weebit signed a license agreement with TI, a top-5 IDM and the world’s #1 analog player, after ~3 years of engagement. TI intends to start with an advanced geometry and has options to expand to additional nodes, signaling strong strategic validation and access to large-volume customers.
Negative Updates
Third Major Licensing Deal Slipped into 2026
Target of three new licensing agreements by end-2025 was not met; while onsemi and TI were secured, the expected third deal shifted into 2026 as negotiations dragged due to customer timelines and internal fab priorities.
Read all updates
Q2-2026 Updates
Positive
Negative
Major Licensing Win with Texas Instruments (TI)
Weebit signed a license agreement with TI, a top-5 IDM and the world’s #1 analog player, after ~3 years of engagement. TI intends to start with an advanced geometry and has options to expand to additional nodes, signaling strong strategic validation and access to large-volume customers.
Read all positive updates
Company Guidance
Management reiterated guidance of more than $10 million revenue in FY‑2026 and said 2026 will be a year of commercial ramping—several product designs are in DB HiTek with tape‑outs expected this year, DB HiTek qualification (JEDEC/AEC‑Q100) is complete, onsemi delivered wafers ~1 year after signing with positive initial die tests, and TI was signed after ~3 years (TI has >80,000 products) following an order‑of‑magnitude progression of partners (SkyWater → DB HiTek → onsemi → TI). They expect potential mass‑production progress this year but warned fab capacity and timelines may cause delays; market context cited includes Yole’s forecast of ~45‑fold ReRAM growth over six years into a >$3.26 billion embedded emerging NVM market by 2031 (ReRAM >50% of that) and the MCU NVM slice at ~10–15% of a ~$30+ billion MCU market, with management calling 2026 the build year and 2027 the likely “tornado” growth year.Weebit Nano Ltd. Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.38M | 4.41M | 1.02M | 0.00 | 0.00 | 0.00 |
| Gross Profit | 3.73M | 4.41M | 1.02M | -308.59K | -172.56K | -105.98K |
| EBITDA | -45.41M | -40.18M | -44.97M | -44.43M | -33.03M | -13.13M |
| Net Income | -45.68M | -38.38M | -41.25M | -39.04M | -27.70M | -11.26M |
Balance Sheet | ||||||
| Total Assets | 89.05M | 96.95M | 66.03M | 89.51M | 57.01M | 22.21M |
| Cash, Cash Equivalents and Short-Term Investments | 82.78M | 88.31M | 62.83M | 87.96M | 50.25M | 21.73M |
| Total Debt | 401.00K | 516.16K | 434.77K | 284.74K | 414.82K | 49.15K |
| Total Liabilities | 20.65M | 6.77M | 4.14M | 4.71M | 2.01M | 1.04M |
| Stockholders Equity | 68.40M | 90.18M | 61.89M | 84.80M | 55.00M | 21.17M |
Cash Flow | ||||||
| Free Cash Flow | -15.25M | -23.37M | -25.42M | -20.31M | -22.05M | -7.07M |
| Operating Cash Flow | -14.39M | -23.12M | -24.40M | -20.27M | -21.82M | -7.05M |
| Investing Cash Flow | -855.39K | -238.97K | -1.03M | -50.80K | -206.52K | -59.04K |
| Financing Cash Flow | -354.10K | 47.30M | 164.21K | 57.45M | 50.54M | 24.72M |
Weebit Nano Ltd. Technical Analysis
Negative
5.26
Price Trends
7.11
Negative
5.70
Positive
5.13
Positive
Market Momentum
-0.18
Positive
32.94
Neutral
8.40
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WBT, the sentiment is Negative. The current price of 5.26 is below the 20-day moving average (MA) of 7.62, below the 50-day MA of 7.11, and above the 200-day MA of 5.13, indicating a neutral trend. The MACD of -0.18 indicates Positive momentum. The RSI at 32.94 is Neutral, neither overbought nor oversold. The STOCH value of 8.40 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WBT.
Weebit Nano Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | AU$1.40B | -27.14 | -57.61% | ― | 508.63% | -6.35% | |
48 Neutral | AU$315.58M | -9.98 | -89.98% | ― | 386.28% | 21.47% | |
46 Neutral | AU$65.56M | -3.94 | -99.85% | ― | 2.41% | 23.50% | |
43 Neutral | AU$22.67M | -4.07 | -86.80% | ― | ― | 7.50% | |
41 Neutral | AU$63.06M | -10.32 | -36.17% | ― | ― | 13.49% | |
41 Neutral | AU$1.25B | -26.95 | -27.53% | ― | 64.95% | -31.63% |
* Technology Sector Average
AU:WBT
Weebit Nano Ltd.
5.84
3.58
158.41%
AU:AXE
Archer Materials
0.23
-0.08
-27.42%
AU:BRN
BrainChip Holdings
0.14
-0.08
-37.78%
AU:BLG
BluGlass
0.35
0.12
56.82%
AU:4DS
4DS Memory
0.01
-0.02
-62.07%
AU:SLX
Silex Systems Limited
4.50
0.11
2.51%
Weebit Nano Ltd. Corporate Events
Weebit Nano Corrects Director Interest Disclosure in ASX Filing
Jul 7, 2026
Weebit Nano Ltd. has issued a correction to a previously lodged Appendix 3Y relating to director Naomi Simson’s interests, clarifying that 5,625 ordinary shares held after the change were inadvertently omitted in the earlier disclosure. The ...
Weebit Nano updates director Jacob Hanoch’s equity holdings after incentive conversion
Jul 1, 2026
Weebit Nano has reported a change in director Jacob Hanoch’s holdings following the conversion of equity incentives. Hanoch, through IBI Trust Management as trustee for his benefit, converted 85,625 restricted share rights into ordinary shar...
Weebit Nano Issues Incentive Plan Shares to Directors and Staff Under Regulatory Notice
Jun 29, 2026
Weebit Nano has issued fully paid ordinary shares to several directors and employees following the vesting and exercise of Restricted Share Rights under its Employee Incentive Option Plan. The company confirmed that these shares were issued withou...
Weebit Nano Seeks Quotation of Additional Shares on ASX
Jun 29, 2026
Weebit Nano Ltd., a semiconductor memory technology developer listed on the ASX under code WBT, focuses on advanced non-volatile memory solutions for use in a wide range of electronic applications. The company aims to strengthen its position in th...
Weebit Nano Issues 210,000 Unquoted Performance Rights Under Employee Scheme
Jun 22, 2026
Weebit Nano Ltd., an ASX-listed semiconductor memory technology company, has notified the market of a fresh issuance of unquoted performance rights under its employee incentive framework. These instruments are designed to align staff rewards with ...
Weebit Nano Adds 325,464 New Shares to ASX Quotation
Jun 22, 2026
Weebit Nano Ltd has applied for quotation on the ASX of 325,464 new ordinary fully paid shares under its code WBT. The shares were issued in two tranches on June 17 and June 19, 2026, following the exercise of options or conversion of other securi...
Weebit Nano Director Sells 136,000 Shares in On-Market Trade
Jun 22, 2026
Weebit Nano has reported a change in the indirect shareholding of director Yoav Nissan-Cohen, as disclosed to the ASX under regulatory requirements. The filing notes that Nissan-Cohen, through IBI Trust Management acting as trustee, has sold 136,0...
Weebit Nano Director Realigns Equity Through Share Sale and Option Exercise
Jun 10, 2026
Weebit Nano director David Perlmutter has adjusted his holdings in the company, making both on-market sales and option exercises that shifted the balance between his ordinary shares and unlisted options. Through IBI Trust and other indirect holdin...
Weebit Nano Issues 800,000 Shares to Chairman David Perlmutter on Option Exercise
Jun 10, 2026
Weebit Nano has issued 800,000 fully paid ordinary shares to non-executive chairman David Perlmutter following the exercise of options granted under the company’s Employee Incentive Option Plan. The company confirmed that the issuance was co...
Weebit Nano Seeks ASX Quotation for New Share Issue
Jun 10, 2026
Weebit Nano Ltd. has applied to the ASX for quotation of 981,489 new ordinary fully paid shares, following the exercise or conversion of existing options or other convertible securities. The additional shares, issued on 9 June 2026, will expand th...
Weebit Nano Director Restructures Shareholding with $1.65m On-Market Sale
Jun 5, 2026
Weebit Nano Limited reported a change in the holdings of director Jacob Hanoch, who sold his directly held 225,045 ordinary shares in the company in on-market transactions. Following the sale, Hanoch’s interests are now held solely through t...
Weebit Nano Issues New Shares to Director After Option Exercise
Jun 5, 2026
Weebit Nano has issued 136,000 fully paid ordinary shares to non-executive director Yoav Nissan-Cohen following the exercise of options granted under its Employee Incentive Option Plan. The company has lodged the relevant Appendix 2A and confirmed...
Weebit Nano Seeks ASX Quotation for 666,509 Newly Issued Shares
Jun 5, 2026
Weebit Nano Ltd., an ASX-listed semiconductor memory technology company, continues to build out its capital base as it advances commercialisation of its products across global electronics markets. The company operates in the highly competitive non...
Weebit Nano trims potential dilution as options and rights lapse
Jun 3, 2026
Weebit Nano has updated the market on changes to its issued capital, notifying the cessation of certain options and performance rights that were previously on issue. The company reported that 2,232 options and 43,180 performance rights have lapsed...
Weebit Nano Seeks ASX Quotation for 445,000 Newly Issued Shares
May 28, 2026
Weebit Nano Ltd. has applied to the ASX for quotation of new fully paid ordinary shares, following the exercise or conversion of options or other convertible securities. The application covers a total of 445,000 WBT shares issued on various dates ...
Weebit Nano Director Trims Stake in $1 Million Share Sale
May 26, 2026
Weebit Nano Limited has disclosed a change in director Yoav Nissan-Cohen’s indirect interests, with the sale of 163,750 ordinary shares held through IBI Trust Management. The on-market trade generated proceeds of about $1.02 million, leaving...
Weebit Nano director Ashley Krongold sells majority of indirect shareholding
May 11, 2026
Weebit Nano director Ashley Krongold, through his indirect holding vehicle Silver Horizon Pty Ltd, has significantly reduced his stake in the company. He sold 860,000 ordinary shares on 4 and 5 May 2026 for total proceeds of approximately $3.81 mi...
Weebit Nano Seeks ASX Quotation for 620,146 New Shares
May 4, 2026
Weebit Nano Ltd. has applied for quotation on the ASX of 620,146 new fully paid ordinary shares, following the exercise of options or conversion of other securities. The new shares, issued on 4 May 2026, will increase the company’s quoted sh...
Weebit Nano Hits 2026 Milestone as Customers Tape-Out ReRAM-Based Chips
May 3, 2026
Weebit Nano, a developer and licensor of advanced ReRAM memory for the global semiconductor industry, says its technology is designed to deliver faster, more energy-efficient and more reliable embedded memory for applications spanning AI, automoti...
Weebit Nano Raises Capital and Lifts FY26 Outlook as ReRAM and AI Momentum Builds
Apr 30, 2026
Weebit Nano has bolstered its balance sheet by raising A$87 million through placements, with a further A$15 million expected from a share purchase plan, to accelerate development and commercialisation of its ReRAM and AI offerings. The company als...
Weebit Nano Extends Share Purchase Plan Deadline in Capital Raising Update
Apr 28, 2026
Weebit Nano has updated the market on its proposed securities issue, confirming changes to a previously announced capital raising structure. The company is proceeding with a placement and a securities purchase plan as part of its broader funding s...
Weebit Nano Extends Share Purchase Plan to 8 May as It Pursues Growth in Advanced Memory
Apr 28, 2026
Weebit Nano Ltd., a developer and licensor of advanced semiconductor memory technology specializing in ReRAM non-volatile memory for AI, IoT, automotive and other electronics, positions its solutions as faster, cheaper, more reliable and more ener...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.