Weebit Nano (WBT) H1 2025 earnings summary

Executive summary

• Advanced semiconductor memory technology developer focused on ReRAM IP for SoC applications.

• Signed a licensing agreement with onsemi to integrate ReRAM into its Treo platform as embedded non-volatile memory.

• Achieved key milestones: onsemi licensing, 13 new patents, and strengthened sales infrastructure.

• Raised A$50 million, ending the period with A$97.2 million in cash to support R&D and commercial expansion.

• Appointed Anne Templeman-Jones as Non-Executive Director, enhancing board expertise.

Financial highlights

• Net loss for the half-year was $22.7 million, an improvement from $25.2 million in the prior year.

• Revenue for the half-year was $676,454, primarily from the DB HiTek license agreement.

• Cash outflow from operating activities was $13.3 million, down from $16.4 million year-over-year.

• Cash balance at 31 December 2024 was A$97.2 million, up from $62.8 million at June 2024.

• Completed a capital raise of A$50 million at a 6.5% premium to the five-day VWAP.

Outlook and guidance

• Targeting completion of DB HiTek qualification and execution of three new licensing agreements with fabs and three with product companies by end of 2025.

• Anticipates additional long-term licensing agreements and sustained revenue growth from new and existing customers.

• Confident in growing demand for advanced non-volatile memory technology and continued R&D investment.