Weebit Nano Q4 FY25 presentation slides: Commercial progress drives 19% stock surge

Weebit Nano Ltd (ASX:WBT) shares jumped 19.21% to A$2.42 on Thursday following the release of its Q4 FY25 activities report, which highlighted progress in technology transfer to key partners and a strong cash position to support its growth strategy.

Executive Summary

The semiconductor memory technology developer reported receiving A$1.4 million in customer payments during the quarter while maintaining a robust cash balance of A$88 million as of June 30, 2025. The company emphasized it remains on track to achieve its stated commercial targets of securing new agreements with three fabs and three product companies by the end of calendar year 2025.

"We continued to make excellent progress this quarter with our two key partners, onsemi and DB HiTek," said Weebit Nano CEO Coby Hanoch in the report. "We are seeing strong demand for our non-volatile memory technology and are in commercial discussions with multiple foundries, IDMs and product companies."

Strategic Initiatives

Weebit Nano reported that technology transfer to onsemi’s Treo™ platform is progressing according to plan, with the first module tape-out expected before the end of calendar year 2025. This partnership represents a significant commercialization pathway for the company’s ReRAM technology.

Simultaneously, qualification of Weebit ReRAM at DB HiTek remains on track for completion before the end of 2025. This qualification process involves rigorous testing to JEDEC industry standards, a critical step toward broader commercial adoption.

The company also announced it had demonstrated an edge AI application running on DB HiTek’s 1Mb ReRAM module in silicon at the PCIM conference in Germany, showcasing gesture recognition capabilities. This practical demonstration highlights the real-world applications of Weebit’s technology in emerging AI applications.

Customer Acquisition Progress

In a significant development, Weebit Nano disclosed that subsequent to the quarter’s end, it signed a design license agreement with its first product customer, a U.S.-based company developing security-related applications. This milestone marks the company’s transition from technology development to commercial implementation.

The report also revealed that technical evaluations and commercial negotiations are progressing with more than a dozen foundries, IDMs, and product companies. The company is targeting key growth sectors including AI, automotive, and power management applications, where its ReRAM technology offers advantages due to scalability below 28nm and data retention capabilities of up to 10 years at 150°C.

This customer engagement activity represents an acceleration from the Q1 2025 earnings report, which mentioned discussions with "over 10 potential customers." The increased engagement aligns with CEO Kobi Hannak’s earlier statement that Weebit is capitalizing on a "unique situation that happens once in a lifetime of an industry."

Financial Analysis

Weebit Nano’s financial position remains solid with A$88 million in cash as of June 30, 2025, down from A$94 million at the beginning of the quarter. The company reported net cash used in operating activities of A$5.62 million for the quarter, with significant expenditures including:

• Research and development: A$3.53 million
• Staff costs: A$3.01 million
• Administration and corporate costs: A$1.19 million

Based on the current burn rate, the company estimates it has approximately 16 quarters of funding available, providing a substantial runway to achieve its commercialization goals without immediate financing concerns.

Forward-Looking Statements

Weebit Nano reiterated its confidence in achieving its 2025 commercial targets, which were previously announced at its Annual General Meeting. The company appears well-positioned to capitalize on growing demand for advanced memory solutions in key growth sectors.

The Q4 report suggests a more accelerated commercial timeline than indicated in the Q1 2025 earnings call, where management had suggested potential product announcements by the end of next year. The current report indicates multiple commercial negotiations are advancing, with qualification at DB HiTek expected to complete before year-end 2025.

Market Context

Weebit Nano’s stock has experienced significant volatility in 2025, trading as high as A$3.80 and as low as A$1.38 over the past 52 weeks. The 19.21% jump following this quarterly update suggests investors are responding positively to the company’s commercial progress and strong cash position.

The company’s focus on ReRAM technology positions it in a growing market segment, particularly as demand for efficient memory solutions increases in AI, automotive, and power management applications. As the only independent ReRAM supplier, according to previous statements, Weebit Nano appears to be leveraging this unique market position to drive its commercial strategy forward.

Full presentation:

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