Weebit Nano (WBT) Q2 2025 earnings summary

Executive summary

• Signed a major commercial licensing agreement with onsemi, validating ReRAM technology, accelerating royalty generation, and increasing industry recognition.

• Raised A$50 million at a 6.5% premium, resulting in a strong A$97 million cash balance at 31 December 2024, securing several years of liquidity.

• The company is now the only independent supplier of ReRAM, with a strong, focused team and multiple foundry and IDM engagements.

• Strengthened Board with the appointment of Anne Templeman-Jones as Non-Executive Director.

• Granted four new patents, expanding the IP portfolio to over 80 patents and applications.

Financial highlights

• Cash and cash equivalents at period end were A$97.2 million, up from A$57.2 million sequentially.

• Cash receipts from customers totaled A$483k for the quarter.

• R&D expenses were A$10.1 million; staff costs A$2.5 million; admin and corporate costs A$1.1 million.

• Received A$4.5 million in French R&D grants and A$145k from Israel, boosting cash position.

• Net cash used in operating activities was A$8.2 million for the quarter.

Outlook and guidance

• 2025 is expected to be a pivotal year, targeting completion of DB HiTek qualification and three new licensing agreements with fabs and product companies.

• Well-funded to support growth and R&D, with estimated 12 quarters of funding available.

• Expects to close several additional commercial agreements in 2025, leveraging onsemi deal momentum.

• The company anticipates entering a rapid growth phase (“the tornado”) as more industry players adopt ReRAM.