Weebit Nano Ltd. (AU:WBT)
ASX:WBT
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Weebit Nano Ltd.
(Sydney:WBT)
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Rating:49Neutral
Price Target:
AU$4.00
▼(-23.95% Downside)
Action:ReiteratedDate:03/28/26
The score is held back primarily by continued losses and negative operating cash flow despite rapid revenue growth and a relatively strong, low-leverage balance sheet. Technicals also remain weak with the stock below key moving averages and negative MACD, while valuation is constrained by negative earnings and no dividend support.
Positive Factors
Revenue Growth
Sustained top-line expansion at +186% demonstrates strong commercial traction for Weebit’s ReRAM offerings. Durable revenue acceleration supports continued investment in development and partner qualification, providing a growing base for future royalty and license income if product adoption continues.
Negative Factors
Profitability
Persistent operating losses and negative returns on equity indicate the company is not yet converting top-line gains into profit. Continued unprofitability erodes shareholder equity over time, can dilute returns, and may necessitate dilutive financing or constrain long-term strategic investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained top-line expansion at +186% demonstrates strong commercial traction for Weebit’s ReRAM offerings. Durable revenue acceleration supports continued investment in development and partner qualification, providing a growing base for future royalty and license income if product adoption continues.
Read all positive factors
Weebit Nano Ltd. (WBT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$967.85M
Dividend YieldN/A
Average Volume (3M)943.10K
Price to Earnings (P/E)―
Beta (1Y)1.61
Revenue Growth508.63%
EPS Growth-6.35%
CountryAU
Employees50
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.22
Shares Outstanding232,656,330
10 Day Avg. Volume1,263,815
30 Day Avg. Volume943,097
Financial Highlights & Ratios
PEG Ratio0.62
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)-0.2
Revenue Forecast (FY)AU$12.35M
Weebit Nano Ltd. Business Overview & Revenue Model
Company Description
Weebit Nano Limited develops a non-volatile memory using a Resistive RAM (ReRAM) technology based on fabrication factory materials. The company was incorporated in 2015 and is based in Melbourne, Australia....
How the Company Makes Money
Weebit Nano primarily makes money by commercializing its ReRAM technology as licensable semiconductor IP. Under this model, revenue is typically generated from (1) technology/IP license fees paid by semiconductor manufacturers or design customers ...
Weebit Nano Ltd. Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Sep 02, 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 | -45.69M | -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
Neutral
5.26
Price Trends
4.50
Negative
4.57
Negative
3.85
Positive
Market Momentum
-0.18
Negative
47.99
Neutral
82.52
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WBT, the sentiment is Neutral. The current price of 5.26 is above the 20-day moving average (MA) of 4.06, above the 50-day MA of 4.50, and above the 200-day MA of 3.85, indicating a neutral trend. The MACD of -0.18 indicates Negative momentum. The RSI at 47.99 is Neutral, neither overbought nor oversold. The STOCH value of 82.52 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$1.50B | 11.99 | 28.89% | ― | 1038.95% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
49 Neutral | AU$967.85M | -8.87 | -57.61% | ― | 508.63% | -6.35% | |
48 Neutral | AU$349.39M | -11.70 | -89.98% | ― | 386.28% | 21.47% | |
43 Neutral | AU$22.67M | -6.20 | -86.80% | ― | ― | 7.50% | |
42 Neutral | AU$76.45M | -7.24 | -36.17% | ― | ― | 13.49% |
* Technology Sector Average
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Weebit Nano Ltd. Corporate Events
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...
Citigroup Entities Exit Substantial Holder Position in Weebit Nano
Apr 14, 2026
Citigroup Global Markets Australia and related Citigroup entities have notified Weebit Nano that they have ceased to be a substantial holder in the company as of 10 April 2026, following changes in their relevant interests in WBT’s ordinary ...
Weebit Nano Updates Market on Director Shareholdings After RSU Conversion
Apr 9, 2026
Weebit Nano Ltd. has reported changes in its directors’ interests following the conversion of vested restricted share units into ordinary shares under the company’s Employee Incentive Option Plan. The filing notes, among other movement...
Weebit Nano Grants New Unquoted Equity Under Employee Incentive Scheme
Apr 8, 2026
Weebit Nano Ltd. has issued 150,000 unquoted options and 210,000 unquoted performance rights under its employee incentive scheme, with both classes of securities dated April 8, 2026. The new awards, which will not be quoted on the ASX, underscore ...
Weebit Nano Adjusts Share Issue Dates for Placement and SPP
Apr 8, 2026
Weebit Nano Ltd. has updated the timetable for a planned share placement and Share Purchase Plan, shifting the expected issue date for SPP shares from 5 May 2026 to 6 May 2026 and for placement shares from 2 April 2026 to 7 April 2026. The changes...
Weebit Nano launches A$15m share purchase plan for existing investors
Apr 7, 2026
Weebit Nano Ltd. has launched a non-underwritten share purchase plan offering existing Australian and New Zealand shareholders the chance to buy up to A$30,000 of new shares at A$4.05, matching the price of its recent placement. The company aims t...
Weebit Nano launches capital raisings and confirms compliance with disclosure rules
Apr 7, 2026
Weebit Nano has completed the issuance of 19,753,086 new shares under a fully underwritten institutional placement and 1,728,395 new shares under an Israeli placement, both priced at $4.05 per share. The company has also issued 217,033 shares to d...
Weebit Nano Seeks ASX Quotation for 21.5 Million New Shares
Apr 2, 2026
Weebit Nano has applied for quotation on the ASX of 21,481,481 new fully paid ordinary shares, with an issue date of April 7, 2026. The application, lodged as a new announcement under Appendix 2A, indicates that these securities arise from transac...
Weebit Nano Seeks ASX Quotation for 217,033 New Ordinary Shares
Mar 31, 2026
Weebit Nano has applied to the ASX for quotation of 217,033 new ordinary fully paid shares, to be issued on March 31, 2026. The additional securities, arising from the exercise or conversion of existing options or other convertible instruments, wi...
Weebit Nano CEO to Brief Investors on A$87m Capital Raise in Upcoming Webinar
Mar 30, 2026
Weebit Nano Ltd., a developer of advanced ReRAM non-volatile memory for semiconductor applications spanning AI, IoT, wearables and automotive, positions its technology as a faster, more energy-efficient and easily manufacturable alternative to con...
Weebit Nano plans capital raising via placement and securities purchase plan
Mar 26, 2026
Weebit Nano has announced a proposed capital raising through a combination of a placement and a securities purchase plan, signalling an effort to strengthen its funding base. The company plans to issue up to 22,222,221 fully paid ordinary shares v...
Weebit Nano Launches Capital Raising to Accelerate AI-Focused Memory Expansion
Mar 26, 2026
Weebit Nano has released an investor presentation outlining plans for a capital raise via an institutional placement and a share purchase plan for eligible shareholders in Australia and New Zealand. The company positions the offer as part of its s...
Weebit Nano targets up to A$105m to accelerate ReRAM and AI expansion
Mar 26, 2026
Weebit Nano has launched a fully underwritten institutional placement to raise A$80 million, alongside an Israeli placement of up to A$10 million and a share purchase plan aiming for up to A$15 million, all priced at A$4.05 per new share. The comb...
Weebit Nano Halts Trading Ahead of Capital Raising Announcement
Mar 25, 2026
Weebit Nano Limited has requested and been granted a trading halt on its ordinary shares by the Australian Securities Exchange, effective 26 March 2026. The halt will remain in place until either the start of normal trading on 30 March 2026 or the...
Citigroup entities exit substantial holder status in Weebit Nano
Mar 24, 2026
Citigroup Global Markets Australia and related Citi entities have notified Weebit Nano that they have ceased to be a substantial holder in the company as of 20 March 2026, following changes in their relevant interests in WBT’s ordinary fully...
Weebit Nano Equity Incentives Lapse, Trimming Potential Dilution
Mar 3, 2026
Weebit Nano Ltd., the ASX-listed semiconductor memory technology developer, reported changes to its issued capital following the lapse of certain equity incentive instruments. The cessation concerns 7,813 options (WBTAD) and 43,866 performance rig...
Weebit Nano to List 502,109 New Shares on ASX After Option Conversions
Mar 3, 2026
Weebit Nano Ltd., listed on the ASX under ticker WBT, operates in the semiconductor industry and is focused on advanced memory technology solutions, positioning itself within the broader high-tech hardware market. The company continues to access e...
Weebit Nano posts record revenue and lands Texas Instruments ReRAM deal
Feb 26, 2026
Weebit Nano reported record half-year revenue of A$5.6 million for the six months to 31 December 2025, more than eight times the prior corresponding period, and said it is on track to meet its inaugural full-year revenue guidance of A$10 million. ...
Weebit Nano Surges Revenue Eightfold but Posts Wider Half-Year Loss
Feb 26, 2026
Weebit Nano reported a sharp increase in half-year revenue from ordinary activities to A$5.6 million, driven by strong growth in IP licensing and NRE payments that were eight times higher than the prior corresponding period. Despite this revenue s...
Citi Group Entities Cease to Be Substantial Holder in Weebit Nano
Feb 25, 2026
Citigroup Global Markets Australia and its related Citi group entities have notified Weebit Nano that they have ceased to be a substantial holder in the company as of 23 February 2026, under Australian substantial shareholding rules. The change in...
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.