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Weebit Nano Ltd.
(Sydney:WBT)
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Rating:51Neutral
Price Target:
AU$3.50
▼(-13.15% Downside)
Action:Reiterated
Date:08/29/26
The score is primarily held back by ongoing large losses and negative cash flow despite rapid revenue growth, while low leverage and a strengthened equity base help reduce balance-sheet risk. Technicals are meaningfully bearish with the share price below all key moving averages and negative MACD, and valuation is constrained by negative earnings and no indicated dividend yield.
Positive Factors
Rapid Revenue Scaling
Revenue growth at this pace indicates expanding commercial traction for the company’s technology and increases the potential to spread development costs across a larger base. If sustained, stronger sales can improve operating leverage and support progress toward a more durable earnings model.
Negative Factors
Deep Net Losses
The scale of the net loss relative to current revenue shows that operating expenses remain far ahead of the company’s commercial base. Persistent losses can delay breakeven, reduce financial resilience, and require continued capital allocation before the technology becomes self-funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid Revenue Scaling
Revenue growth at this pace indicates expanding commercial traction for the company’s technology and increases the potential to spread development costs across a larger base. If sustained, stronger sales can improve operating leverage and support progress toward a more durable earnings model.
Read all positive factors
Weebit Nano Ltd. (WBT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$792.05M
Dividend YieldN/A
Average Volume (3M)1.58M
Price to Earnings (P/E)―
Beta (1Y)1.18
Revenue Growth246.45%
EPS Growth-30.38%
CountryAU
Employees50
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.25
Shares Outstanding240,743,880
10 Day Avg. Volume1,596,234
30 Day Avg. Volume1,578,000
Financial Highlights & Ratios
PEG Ratio-1.06
Price to Book (P/B)11.70
Price to Sales (P/S)117.92
P/FCF Ratio-92.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.14
Revenue Forecast (FY)AU$30.70M
Weebit Nano Ltd. Business Overview & Revenue Model
Company Description
Weebit Nano Limited, an Australian enterprise founded in 2015 and based in Melbourne, focuses on engineering non-volatile memory solutions. Their core innovation lies in Resistive RAM (ReRAM) technology, which utilizes standard fabrication factory...
How the Company Makes Money
Weebit Nano makes money primarily by licensing its ReRAM technology as intellectual property (IP) to semiconductor manufacturers and chip designers. Under an IP licensing model, revenue typically comes from (1) upfront or milestone-based fees tied...
Weebit Nano Ltd. Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Feb 19, 2027
Earnings Call Sentiment Positive
The call conveyed meaningful commercial progress and technical validation — notably the TI licensing, onsemi silicon in-hand, DB HiTek qualification, and sustained investment in AI/in‑memory compute and commercial infrastructure. At the same time, near-term commercialization and revenue recognition timelines remain uncertain due to foundry capacity constraints, additional testing/qualification steps, heavy R&D spend, and a slipped third deal into 2026. Overall, the strategic momentum and high‑quality customer endorsements outweigh the timing and execution risks discussed.Positive Updates
Major Licensing Win with Texas Instruments (TI)
Weebit signed a license agreement with TI, a top-5 IDM and the world’s #1 analog player, after ~3 years of engagement. TI intends to start with an advanced geometry and has options to expand to additional nodes, signaling strong strategic validation and access to large-volume customers.
Negative Updates
Third Major Licensing Deal Slipped into 2026
Target of three new licensing agreements by end-2025 was not met; while onsemi and TI were secured, the expected third deal shifted into 2026 as negotiations dragged due to customer timelines and internal fab priorities.
Read all updates
Q2-2026 Updates
Positive
Negative
Major Licensing Win with Texas Instruments (TI)
Weebit signed a license agreement with TI, a top-5 IDM and the world’s #1 analog player, after ~3 years of engagement. TI intends to start with an advanced geometry and has options to expand to additional nodes, signaling strong strategic validation and access to large-volume customers.
Read all positive updates
Company Guidance
Management reiterated guidance of more than $10 million revenue in FY‑2026 and said 2026 will be a year of commercial ramping—several product designs are in DB HiTek with tape‑outs expected this year, DB HiTek qualification (JEDEC/AEC‑Q100) is complete, onsemi delivered wafers ~1 year after signing with positive initial die tests, and TI was signed after ~3 years (TI has >80,000 products) following an order‑of‑magnitude progression of partners (SkyWater → DB HiTek → onsemi → TI). They expect potential mass‑production progress this year but warned fab capacity and timelines may cause delays; market context cited includes Yole’s forecast of ~45‑fold ReRAM growth over six years into a >$3.26 billion embedded emerging NVM market by 2031 (ReRAM >50% of that) and the MCU NVM slice at ~10–15% of a ~$30+ billion MCU market, with management calling 2026 the build year and 2027 the likely “tornado” growth year.Weebit Nano Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
74
Positive
Cash Flow
39
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 15.28M | 4.41M | 1.02M | 0.00 | 0.00 |
| Gross Profit | 14.91M | 4.41M | 1.02M | -308.59K | -172.56K |
| EBITDA | -57.32M | -40.18M | -44.97M | -44.43M | -33.03M |
| Net Income | -54.90M | -38.38M | -41.25M | -39.04M | -27.70M |
Balance Sheet | |||||
| Total Assets | 180.15M | 96.95M | 66.03M | 89.51M | 57.01M |
| Cash, Cash Equivalents and Short-Term Investments | 168.34M | 88.31M | 62.83M | 87.96M | 50.25M |
| Total Debt | 373.00K | 516.16K | 434.77K | 284.74K | 414.82K |
| Total Liabilities | 26.16M | 6.77M | 4.14M | 4.71M | 2.01M |
| Stockholders Equity | 153.99M | 90.18M | 61.89M | 84.80M | 55.00M |
Cash Flow | |||||
| Free Cash Flow | -19.47M | -23.37M | -25.42M | -20.31M | -22.05M |
| Operating Cash Flow | -18.40M | -23.12M | -24.40M | -20.27M | -21.82M |
| Investing Cash Flow | -1.68M | -238.97K | -1.03M | -50.80K | -206.52K |
| Financing Cash Flow | 100.08M | 47.30M | 164.21K | 57.45M | 50.54M |
Weebit Nano Ltd. Technical Analysis
Negative
4.03
Price Trends
4.80
Negative
5.68
Negative
5.14
Negative
Market Momentum
-0.40
Negative
23.15
Positive
11.49
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WBT, the sentiment is Negative. The current price of 4.03 is above the 20-day moving average (MA) of 3.79, below the 50-day MA of 4.80, and below the 200-day MA of 5.14, indicating a bearish trend. The MACD of -0.40 indicates Negative momentum. The RSI at 23.15 is Positive, neither overbought nor oversold. The STOCH value of 11.49 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WBT.
Weebit Nano Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | AU$1.30B | -32.91 | -18.45% | ― | 88.62% | 21.15% | |
54 Neutral | AU$304.32M | -9.40 | -91.74% | ― | 48.88% | 10.59% | |
51 Neutral | AU$792.05M | -13.16 | -49.37% | ― | 246.45% | -30.38% | |
47 Neutral | AU$46.02M | -3.20 | -96.35% | ― | -25.51% | 36.03% | |
43 Neutral | AU$51.17M | -7.23 | -51.46% | ― | ― | 8.76% | |
41 Neutral | AU$18.55M | -11.64 | -21.82% | ― | ― | 84.62% |
* Technology Sector Average
AU:WBT
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Weebit Nano Ltd. Corporate Events
Weebit Nano Gains S&P/ASX 200 Spot in September Index Rebalance
Sep 4, 2026
SP Dow Jones Indices has announced its September 2026 quarterly rebalance of the SP/ASX index family, leaving the SP/ASX 20 unchanged while reshuffling constituents in the 50, 100, 200 and 300 benchmarks. The revisions reflect changes in market ca...
Weebit Nano Seeks ASX Quotation for Additional Ordinary Shares
Sep 2, 2026
Weebit Nano Ltd. has lodged a new application with the ASX for quotation of 316,094 ordinary fully paid shares under its WBT ticker, with an issue date of 31 August 2026. The additional securities arise from the exercise or conversion of existing ...
Weebit Nano Reports Lapse of 70,000 Performance Rights
Sep 2, 2026
Weebit Nano Ltd., an ASX-listed semiconductor memory developer, is advancing proprietary non-volatile memory solutions aimed at next-generation electronic applications. Its technologies are designed to serve global chip manufacturers looking to im...
Weebit Nano Files ASX Corporate Governance Statement and Appendix 4G
Aug 27, 2026
Weebit Nano Ltd. has lodged its corporate governance statement for the year ended 30 June 2026 with the ASX, opting to host the full statement on its website in line with Listing Rule 4.10.3. The document, current as of 27 August 2026 and approved...
Weebit Nano Boosts Revenue but Posts Wider Annual Loss
Aug 27, 2026
Weebit Nano reported a sharp rise in revenue from ordinary activities to $15.28 million for the year ended 30 June 2026, up from $4.41 million a year earlier. Despite this growth, the group’s loss from ordinary activities after tax widened t...
Weebit Nano Seeks ASX Quotation for Additional Ordinary Shares
Jul 31, 2026
Weebit Nano Ltd. has lodged a new application with the ASX for quotation of additional ordinary fully paid shares under its ticker WBT. The filing details the issuance of 224,957 new shares to be quoted on 31 July 2026, expanding the number of sec...
Weebit Nano expands ReRAM deals, hits key chip tape-outs and lifts FY26 revenue outlook
Jul 30, 2026
Weebit Nano reported a strong fourth quarter, expanding licensing agreements with key customers to cover additional technologies, products and business units. The company emphasised that these broadened deals validate the maturity and suitability ...
Weebit Nano Corrects Director Interest Disclosure in ASX Filing
Jul 7, 2026
Weebit Nano Ltd. has issued a correction to a previously lodged Appendix 3Y relating to director Naomi Simson’s interests, clarifying that 5,625 ordinary shares held after the change were inadvertently omitted in the earlier disclosure. The ...
Weebit Nano updates director Jacob Hanoch’s equity holdings after incentive conversion
Jul 1, 2026
Weebit Nano has reported a change in director Jacob Hanoch’s holdings following the conversion of equity incentives. Hanoch, through IBI Trust Management as trustee for his benefit, converted 85,625 restricted share rights into ordinary shar...
Weebit Nano Issues Incentive Plan Shares to Directors and Staff Under Regulatory Notice
Jun 29, 2026
Weebit Nano has issued fully paid ordinary shares to several directors and employees following the vesting and exercise of Restricted Share Rights under its Employee Incentive Option Plan. The company confirmed that these shares were issued withou...
Weebit Nano Seeks Quotation of Additional Shares on ASX
Jun 29, 2026
Weebit Nano Ltd., a semiconductor memory technology developer listed on the ASX under code WBT, focuses on advanced non-volatile memory solutions for use in a wide range of electronic applications. The company aims to strengthen its position in th...
Weebit Nano Issues 210,000 Unquoted Performance Rights Under Employee Scheme
Jun 22, 2026
Weebit Nano Ltd., an ASX-listed semiconductor memory technology company, has notified the market of a fresh issuance of unquoted performance rights under its employee incentive framework. These instruments are designed to align staff rewards with ...
Weebit Nano Adds 325,464 New Shares to ASX Quotation
Jun 22, 2026
Weebit Nano Ltd has applied for quotation on the ASX of 325,464 new ordinary fully paid shares under its code WBT. The shares were issued in two tranches on June 17 and June 19, 2026, following the exercise of options or conversion of other securi...
Weebit Nano Director Sells 136,000 Shares in On-Market Trade
Jun 22, 2026
Weebit Nano has reported a change in the indirect shareholding of director Yoav Nissan-Cohen, as disclosed to the ASX under regulatory requirements. The filing notes that Nissan-Cohen, through IBI Trust Management acting as trustee, has sold 136,0...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.