InvestSMART

Weebit Nano Ltd (ASX:WBT)

ALERT: Price-sensitive ASX Announcement for WBT
Current share price for WBT : $6.970 3 (75.57%)+
Announcement
Release
30 Apr 2026 3:08PM
Price at Release
$3.970
Full Release
download
Summary
Weebit Nano Ltd. presented its Quarterly Activities and Appendix 4C Cash Flow Report, noting revenue growth and strategic developments. The company upgraded its revenue guidance for FY26 to at least A$12 million, reflecting milestone-based payments. With R&D expenses at A$2.9 million, the firm remains financially robust, bolstered by an A$87 million capital raise and significant cash reserves. Weebit continues to advance its ReRAM technology, securing new partnerships and agreements, including a collaboration with Texas Instruments. A new patent and Korean project highlight its ongoing innovation efforts.
Key Points
  • Weebit Nano Ltd. reported quarterly customer cash receipts of A$790,000 for Q3 FY26.
  • The company's revenue guidance for FY26 was upgraded to at least A$12 million, up from A$10 million.
  • R&D expenses for the quarter were A$2.9 million.
  • Payments to related parties totaled A$573,000.
  • Weebit Nano is well-funded with a balance sheet of A$72 million as of 31 March 2026.
  • The company raised A$87 million through placements to institutional investors, with a Share Purchase Plan expected to generate an additional A$15 million.
  • Weebit secured two new revenue-generating agreements, including a Korean National Project.
  • Weebit ReRAM technology is being integrated into Texas Instruments' advanced platform.
  • A new patent was granted to Weebit for an advanced method of reading ReRAM bitcells.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.