Weebit Nano Share Price Jumps 9% on Maiden Revenue Payment - Kalkine Media

November 06, 2023 04:58 PM AEDT | By Team Kalkine Media
Follow us on Google News:

The Weebit Nano Ltd (ASX: WBT) share price is experiencing a substantial surge, having increased by 9%. The company, listed on the S&P/ASX 200 Index (ASX: XJO) and specializing in advanced memory technologies for the global semiconductor industry, announced its first-ever revenue milestone. This achievement is generating significant interest among investors in the technology sector, particularly those interested in ASX technology stocks. 

Weebit Nano's Revenue Announcement 

Weebit Nano reported the receipt of its inaugural IP licensing revenue payment, specifically for its embedded Resistive Random-Access Memory (ReRAM) technology. The company secured an initial licensing fee of US$100,000 (AU$152,000). Although the licensing fee is relatively modest, it marks Weebit Nano's transition to the commercialization phase, marking the end of its "pre-revenue" era. 

Weebit Nano's revenue generation strategy is structured around three core elements: 

  • Licensing fees for design and manufacture 
  • Engineering fees for designs and processes 
  • Royalties for use by customers, to be received when customers commence shipping end products 

Weebit Nano's CEO, Coby Hanoch, celebrated this significant milestone and stated that Weebit Nano's ReRAM technology is well-positioned to replace existing flash technology due to its superior performance capabilities. Hanoch emphasized the company's accomplishments over the past year, including full qualification for industrial and automotive temperatures in the embedded market, where memory is integrated into "system-on-chip" (SoC) solutions. 

The embedded emerging non-volatile memory market is projected to reach $2.7 billion by 2028, with ReRAM expected to represent more than a third of this market. 

Hanoch also highlighted the progress in securing commercial agreements with leading foundries and Integrated Device Manufacturers worldwide to expand the availability of Weebit Nano's ReRAM technology. 

Weebit Nano Share Price Snapshot 

Over the past year, the Weebit Nano share price has demonstrated substantial fluctuations, with a higher frequency of positive movements. As a result, the ASX 200 tech stock has experienced a 43% increase in share price over the last 12 months, drawing the attention of investors in the technology sector. 


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK