I was pleased to see WBT give a brief update of their work with DBH :
"Progress with DB HiTek The Group advanced the qualification of its ReRAM technology for mass production at DB HiTek, with initial demonstration chips currently under test, ahead of qualification. Qualification will commence once the testing is completed. Following successful qualification, DB HiTek’s customers, including leading global technology companies, will be able to integrate Weebit ReRAM into their products.
As of 31 December 2024, approximately 88% of the performance obligations of the DB HiTek license agreement was completed. Accordingly, $676,454 were recognised as revenue during the half-year ended 31 December 2024. A contract asset of $831,763 was recognised in the statement of financial position as at 31 December 2024 for work performed but yet to be billed."
I wonder what "performance obligations" refer to ? Presumably its largely about reaching the tape-out stage, since testing is still in progress and qualification has not started. Whatever it is, it's good to learn that 88% is now done. Boxes are being ticked with DBH. That's what I need to know.
All IMHO, DYOR
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