Weebit Nano (WBT) H2 2025 earnings summary

Executive summary

• Achieved record revenue of $4.4 million in FY25, more than quadrupling prior year, driven by IP licensing and NRE payments.

• Signed milestone licensing agreement with tier-1 IDM onsemi, accelerating commercialisation and providing a pathway to royalty revenues.

• Progressed towards qualification at DB HiTek, with demo chips produced and automotive AEC-Q100 qualification achieved.

• Strengthened balance sheet with a $50 million capital raise at a premium, ending FY25 with $88.3 million in cash.

• Enhanced board and executive team, published inaugural ESG report, and implemented robust governance and risk management frameworks.

Financial highlights

• Revenue increased to $4.4 million in FY25 from $1.0 million in FY24, primarily from licensing and NRE payments.

• Net loss for FY25 was $38.4 million, an improvement from $41.2 million in FY24, reflecting ongoing R&D and commercialisation costs.

• Cash outflow from operating activities was $23.1 million, down from $24.4 million in FY24.

• Net working capital surplus of $88.7 million, with total assets of $97.0 million and total equity of $90.2 million at year-end.

• No dividends declared or paid during the year.

Outlook and guidance

• Targeting new licensing agreements with three product companies and three foundries by end of 2025.

• Anticipates step-change in revenue as royalty streams commence from product shipments.

• Ongoing investment in R&D to enhance ReRAM technology and expand into discrete NVM and neuromorphic computing markets.