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Weebit Nano Ltd (ASX:WBT)

ALERT: Price-sensitive ASX Announcement for WBT
Current share price for WBT : $2.370 -0.09 (-3.66%)+
Announcement
Release
16 Oct 2026 8:56AM
Price at Release
$2.460
Full Release
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Summary
Weebit Nano Ltd’s Q1 FY27 Quarterly Activities Report and Appendix 4C for the quarter ended 30 September 2026 states that commercialisation of its ReRAM technology advanced, with a second existing customer receiving first fab samples, beginning silicon validation and targeting production in calendar 2027 subject to validation, while onsemi began qualification and work with DB HiTek and Texas Instruments continued as planned; the company also signed two new AI customers to assess its in-memory computing technology and reported positive study results from a US-based customer indicating potential major gains in power use, compute efficiency and latency for next-generation AI computing, although further R&D is still required before a commercial IMC solution is available. Financially, customer cash receipts were A$6.1 million from licensing and non-recurring engineering fees, the company received A$3.711 million from a French R&D-related grant, reaffirmed revenue guidance of at least A$7.1 million for H1 FY27, recorded net operating cash outflow of A$3.17 million, investing outflow of A$0.398 million and financing outflow of A$0.157 million, and ended the quarter with a strong cash balance of A$164.218 million, equal to an estimated 52 quarters of funding based on current operating cash outflows; payments to related parties totalled A$398,000 and related to salaries, superannuation, bonuses, consulting fees, directors’ fees and business expense reimbursements.
Key Points
  • Second existing customer began silicon validation after receiving first fab samples, with the chip operating well and running software from integrated Weebit ReRAM.
  • The customer is targeting production in calendar year 2027, subject to successful completion of validation.
  • onsemi began qualification of Weebit ReRAM, while progress continued with DB HiTek and Texas Instruments.
  • Weebit signed agreements with two new AI customers to explore in-memory computing applications, meeting a CY2026 target.
  • A US-based AI customer’s study indicated Weebit ReRAM could deliver over 80 times lower power consumption, about 280 times higher compute efficiency and sub-millisecond inference latency versus certain existing implementations for the assessed task.
  • Customer cash receipts for the quarter were A$6.128 million from licensing and non-recurring engineering fees.
  • Weebit received A$3.711 million in an R&D-related grant from the French Tax Authority.
  • The company reaffirmed revenue guidance of at least A$7.1 million for H1 FY27.
  • Net cash used in operating activities was A$3.17 million, with R&D payments of A$3.654 million.
  • Cash and cash equivalents at 30 September 2026 were A$164.218 million.
  • Payments to related parties totalled A$398,000 and related to directors’ fees, salaries, superannuation, bonuses, consulting fees and business expense reimbursements.
  • Based on current operating cash outflows, Weebit reported estimated funding for 52 quarters.
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.