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Weebit Nano Ltd (ASX:WBT)

ALERT: Price-sensitive ASX Announcement for WBT
Current share price for WBT : $2.140 -1.75 (-44.99%)+
Announcement
Release
28 Aug 2026 7:58AM
Price at Release
$3.890
Full Release
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Summary
Weebit Nano Ltd’s Appendix 4E and 2026 Annual Report for the year ended 30 June 2026 present a year of accelerated commercialisation for its embedded ReRAM technology, with revenue rising to A$15.276 million from A$4.409 million in FY25 while the statutory loss after tax widened to A$54.897 million as the company increased investment in R&D, customer programs, AI initiatives and organisational capability; key milestones included qualifying ReRAM at DB HiTek to JEDEC standards, licensing the technology to Texas Instruments, progressing onsemi test chips, securing multiple product-company agreements and customer tape-outs, expanding agreements with existing customers, joining AI-related initiatives including a Korean in-memory compute program, and raising about A$102 million to strengthen the balance sheet, leaving cash and cash equivalents of A$168.3 million and net assets of A$154.0 million at 30 June 2026, with no dividends declared, net tangible assets per share of 63.95 cents, management guidance for at least A$7.1 million revenue in 1H FY27, and a strategy focused on scaling ReRAM adoption across foundries, IDMs, product companies and AI-related applications while positioning for future royalty revenue as customers move toward mass production.
Key Points
  • Appendix 4E covers the year ended 30 June 2026 and is based on the audited financial report.
  • Revenue from ordinary activities increased to A$15.276 million from A$4.409 million in FY25.
  • Loss from ordinary activities after tax attributable to members was A$54.897 million compared with A$38.385 million in FY25.
  • No final or interim dividend was declared for FY26.
  • Net tangible asset backing per security was 63.95 cents at 30 June 2026, up from 43.041 cents a year earlier.
  • Weebit positions itself as a leading independent licensor of qualified ReRAM IP for embedded non-volatile memory and AI-related applications.
  • FY26 highlights included DB HiTek technology qualification, fully functional onsemi test chips, and three product customers taped out for production to date.
  • Texas Instruments licensed Weebit ReRAM for embedded processing in advanced nodes during FY26.
  • Weebit ReRAM was selected for the Korean National In-Memory Compute program.
  • A share purchase plan completed in May 2026 contributed to total funds raised of about A$102 million.
  • The company reported record revenue driven by IP licensing, NRE payments, new agreements and milestone-based receipts from existing customers.
  • Weebit expects at least A$7.1 million revenue in 1H FY27 compared with A$5.6 million in 1H FY26.
  • onsemi test chips embedded with Weebit ReRAM were taped out at its 65nm production fab and performed as expected in testing.
  • DB HiTek qualification to JEDEC standards in a 130nm BCD process was described as a major milestone toward mass production.
  • Several commercial products using Weebit ReRAM have already been taped out and are moving through testing, characterisation and qualification.
  • Existing customer agreements were expanded to include additional technologies, products and domains.
  • The company increased focus on AI and in-memory compute, including work showing substantial potential power advantages for ReRAM-based accelerators.
  • A wholly owned US subsidiary, Weebit Nano Inc, was established to support North American customer engagement.
  • The group ended FY26 with A$168.3 million cash and cash equivalents and a net working capital surplus of A$151 million.
  • Research and development expense rose to A$47.575 million, sales and marketing expense to A$11.663 million, and general and administrative expense to A$13.720 million.
  • Total assets were A$180.147 million, total liabilities A$26.162 million, and total equity A$153.985 million at 30 June 2026.
  • Operating cash outflow improved to A$18.397 million from A$23.121 million in FY25 despite increased investment.
  • The report states no entities were gained or lost during the year and no significant events occurred after the reporting date.
  • Weebit’s strategy is to broaden foundry and IDM adoption, support customer qualification and production, and ultimately generate recurring royalty revenues.
  • The annual report was approved by the board and signed in Melbourne on 27 August 2026.
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.