Weebit Nano (WBT) H1 2026 earnings summary

Executive summary

• Achieved record half-year revenue of A$5.6 million, more than 8x increase year-over-year for H1 FY26, driven by major licensing and customer agreements.

• Licensed ReRAM technology to Texas Instruments, marking a significant commercial milestone.

• Established a US subsidiary to support North American growth and appointed a VP Systems and AI to advance AI offerings.

• Joined the Edge AI Foundation and presented at major industry events to drive customer engagement.

• Secured multiple agreements for integration of ReRAM into next-generation applications.

Financial highlights

• Revenue for the half-year was A$5.6 million, up 8x year-over-year; customer cash receipts totaled A$15.9 million.

• Net loss for the half-year was A$30 million, compared to A$22.7 million in the prior year, mainly due to increased R&D expenses.

• Cash outflow from operating activities was A$4.5 million, down from A$13.3 million year-over-year.

• Cash balance at 31 December 2025 was A$82.8 million.

• On track to achieve FY26 revenue guidance of A$10 million.

Outlook and guidance

• FY26 revenue expected to exceed A$10 million, more than doubling the prior year.

• Anticipates additional licensing and customer agreements, first product customer tape-out, and first AI customer engagement in 2026.

• Commercial negotiations with leading foundries and IDMs are progressing well.