Weebit Nano Ltd. (AU:WBT)
ASX:WBT
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Weebit Nano Ltd.
(Sydney:WBT)
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Rating:59Neutral
Price Target:
AU$4.50
▼(-14.45% Downside)
Action:ReiteratedDate:01/23/26
The score is driven primarily by mixed fundamentals: rapid revenue growth and a solid, low-leverage balance sheet are offset by ongoing losses and negative operating cash flow. Technicals are a clear positive with a strong uptrend and positive momentum, while valuation is constrained by unprofitable earnings and the absence of dividend yield data.
Positive Factors
Strong Revenue Growth
A 186% year-over-year revenue increase demonstrates durable market traction for Weebit’s ReRAM IP. Sustained top-line growth signals customers progressing from evaluation to integration, which supports future licensing and royalty revenue streams as partners commercialize products over coming quarters.
Negative Factors
Ongoing Unprofitability
Despite robust revenue growth, persistent negative EBIT and net margins show the company has not reached operating leverage. Sustained losses limit retained earnings, hamper return on equity, and constrain reinvestment capacity, making the path to durable profitability a structural concern.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
A 186% year-over-year revenue increase demonstrates durable market traction for Weebit’s ReRAM IP. Sustained top-line growth signals customers progressing from evaluation to integration, which supports future licensing and royalty revenue streams as partners commercialize products over coming quarters.
Read all positive factors
Weebit Nano Ltd. (WBT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$957.75M
Dividend YieldN/A
Average Volume (3M)943.10K
Price to Earnings (P/E)―
Beta (1Y)1.88
Revenue Growth333.23%
EPS Growth10.83%
CountryAU
EmployeesN/A
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.14
Shares Outstanding210,957,820
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)N/A
Revenue Forecast (FY)N/A
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
Negative
5.26
Price Trends
4.96
Negative
4.64
Negative
3.69
Positive
Market Momentum
-0.06
Positive
46.51
Neutral
28.01
Neutral
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 above the 20-day moving average (MA) of 4.68, above the 50-day MA of 4.96, and above the 200-day MA of 3.69, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 46.51 is Neutral, neither overbought nor oversold. The STOCH value of 28.01 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$1.33B | 52.40 | ― | ― | 191.25% | 19.43% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | AU$957.75M | -8.87 | -57.61% | ― | 333.23% | 10.83% | |
49 Neutral | AU$86.65M | -7.24 | -36.17% | ― | ― | -45.74% | |
48 Neutral | AU$312.35M | -11.70 | -89.98% | ― | 503.29% | 11.46% | |
43 Neutral | AU$24.73M | -6.20 | -112.59% | ― | ― | -67.74% |
* Technology Sector Average
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Weebit Nano Ltd. Corporate Events
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...
Weebit Nano Secures Texas Instruments Deal as ReRAM Commercial Momentum Builds
Jan 30, 2026
Weebit Nano reported a pivotal quarter marked by its largest customer win to date, licensing its ReRAM technology to Texas Instruments for use in advanced embedded processing chips, a deal that significantly enhances the company’s commercial...
Weebit Nano Issues 500,000 Unquoted Performance Rights Under Incentive Scheme
Jan 23, 2026
Weebit Nano Ltd has issued 500,000 unquoted performance rights under its employee incentive scheme, effective 22 January 2026, as disclosed in an Appendix 3G filing with the ASX. The new performance rights, which are not intended to be quoted on t...
Weebit Nano Corrects Director Shareholding Disclosure in Appendix 3Y
Jan 6, 2026
Weebit Nano Ltd has issued a correction to a previously lodged Appendix 3Y relating to director David Perlmutter’s holdings, clarifying that an earlier disclosure understated the number of ordinary shares held by IBI Trust Management as trus...
Weebit Nano Issues Employee Incentive Shares and Confirms Regulatory Compliance
Jan 5, 2026
Weebit Nano has issued fully paid ordinary shares to a number of directors and employees following the vesting and exercise of restricted share rights under its Employee Incentive Option Plan, and has lodged the relevant Appendix 2A with the ASX. ...
Weebit Nano Updates Director Equity Holdings After RSU Vesting and Modest Share Sale
Jan 5, 2026
Weebit Nano Ltd has filed Change of Director’s Interest notices reflecting the issue of Restricted Share Rights (RSUs) to its directors, the subsequent vesting and conversion of those RSUs into ordinary shares under the company’s Emplo...
Weebit Nano Applies for Quotation of 716,202 New Shares on ASX
Jan 4, 2026
Weebit Nano Ltd, listed on the ASX under code WBT, has applied for quotation of 716,202 new fully paid ordinary shares following the exercise or conversion of existing options or other convertible securities. The new shares, issued in two tranches...
Weebit Nano Issues 861,168 Unquoted Performance Rights Under Employee Incentive Plan
Jan 4, 2026
Weebit Nano Ltd has notified the market of the issue of 861,168 unquoted performance rights under its employee incentive scheme, with an issue date of 24 December 2025. The new performance rights, which will not be quoted on the ASX, form part of ...
Weebit Nano Seeks ASX Quotation for Additional 87,284 Shares
Dec 30, 2025
Weebit Nano Ltd has applied to the ASX for quotation of an additional 87,284 fully paid ordinary shares in the company, issued on 22 December 2025. The new shares arise from the exercise or conversion of existing options or other convertible secur...
Weebit Nano Sets Minimum FY26 Revenue Guidance at $10m on New Licensing Deals
Dec 28, 2025
Weebit Nano has issued formal guidance for minimum revenue of $10 million in FY26, upgrading an earlier, non-forecast revenue goal referenced at its November AGM. The company said the guidance is underpinned by intellectual property licensing agre...
Weebit Nano Licenses ReRAM Memory Technology to Texas Instruments
Dec 28, 2025
Weebit Nano has signed a licensing agreement with Texas Instruments under which TI will integrate Weebit’s ReRAM non-volatile memory IP into its advanced embedded processing chips. The long-term deal, which covers IP licensing, technology tr...
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.