How Weebit Nano Quadrupled Revenue and Advanced Automotive-Grade ReRAM in FY25

Financial Performance and Commercial Momentum

Weebit Nano Limited has delivered a notable financial performance for the year ended 30 June 2025, reporting revenues of $4.4 million; more than quadrupling from $1 million in the prior year. This growth reflects the company’s accelerating commercialisation of its Resistive RAM (ReRAM) technology, a next-generation non-volatile memory solution designed to replace embedded flash memory in advanced semiconductor applications.

Despite the revenue surge, Weebit reported a net loss after tax of $38.4 million, a slight improvement from the previous year’s $41.2 million loss. The loss primarily stems from sustained investment in research and development, marketing, and business development activities aimed at securing new licensing agreements and advancing product qualifications.

Strategic Licensing and Technology Qualification

A key highlight for FY25 was Weebit’s licensing agreement with onsemi, a NASDAQ-100 listed tier-1 Integrated Device Manufacturer (IDM). This deal marks Weebit’s first with an IDM and is expected to accelerate the adoption of its ReRAM IP in onsemi’s 65nm Treo™ platform, targeting automotive and industrial applications. Tape-out of the first test chips is anticipated within the calendar year, paving the way for royalty revenue generation.

In parallel, Weebit is progressing towards qualification of its ReRAM technology at DB HiTek, a leading semiconductor foundry. Once qualified, Weebit’s IP will be available in DB HiTek’s 130nm Bipolar-CMOS-DMOS (BCD) process, broadening access to a wide range of product companies in consumer, industrial, and IoT markets.

Importantly, Weebit successfully qualified its ReRAM to the stringent Automotive Electronics Council AEC-Q100 standard, demonstrating reliable operation at 150°C for up to 100,000 endurance cycles and retention at 175°C. This automotive-grade qualification underscores the robustness of Weebit’s technology for high-temperature and demanding environments.

Capital Strength and Governance Enhancements

Weebit strengthened its financial position with a $50 million capital raise in November 2024, priced at a 6.5% premium to the five-day volume-weighted average price. The company ended FY25 with a robust cash balance of $88.3 million, providing a solid runway to support ongoing commercialisation and R&D efforts.

Governance improvements included the appointment of Anne Templeman-Jones as an independent Non-Executive Director and Deputy Chair, bringing extensive experience in banking and corporate governance. The Board also welcomed Lilach Zinger as Vice President Customer Success to lead fab projects and scale operational infrastructure.

Market Position and Outlook

Weebit Nano positions itself as the only independent provider of qualified ReRAM technology globally, competing alongside foundries like TSMC and UMC who typically retain their IP in-house. The company is engaged in technical evaluations and commercial discussions with over 20 foundries, IDMs, and product companies, aiming to secure multiple new licensing agreements by the end of 2025.

Demand for ReRAM is being driven by the digitisation wave, AI, automotive, and edge computing markets, where faster, lower power, and more reliable memory solutions are critical. Weebit’s technology advantages in endurance, power efficiency, and scalability to advanced process nodes position it well to capture market share as embedded flash memory reaches its limits.

While the company remains loss-making, the transition from licensing fees and engineering payments to royalty income from product shipments is expected to create a significant inflection in revenue growth in the coming years.