Weebit Nano (WBT) Q1 2027 earnings summary

Executive summary

• FY26 revenue reached a record A$15.3m; Q1 FY27 ended with A$164.218m in cash.

• ReRAM commercialization advanced through foundry qualification, customer silicon validation and tape-outs; two new AI customers signed agreements to assess in-memory computing, which still requires substantial R&D.

Financial highlights

• Record FY26 revenue of A$15.3m was in line with upgraded guidance and exceeded the initial $10m goal.

• Q1 FY27 customer cash receipts were A$6.128m, comprising licensing and non-recurring engineering fees; receipts vary with milestones and differ from revenue recognition.

• Closing cash was A$164.218m at 30 September 2026, compared with A$167.369m at quarter start.

• Net operating cash used was A$3.170m in Q1 FY27; FY26 net cash used was A$18.4m.

• A$102m was raised through a May 2026 placement and SPP.

Outlook and guidance

• Revenue guidance was reaffirmed at no less than A$7.1m for the first half of CY2027.

• Product customers target production during 2027, subject to validation and testing; initial royalties are hoped for in CY2027.

• New licensing and design agreements are expected in the coming year; prospective fab evaluations continue, with timing dependent on capacity and engineering resources.

• Foundry licensing typically takes 3–4 years to customer mass production and royalty generation, with timelines varying by project.