One place where there was an analysis of the the market penetration WBT might reasonably expect to achieve was the MST broker report of June 2024. It was in fig 24, and they specifically considered only the Embedded ReRam market (see below), and also proposed a fairly conservative/realistic market share (IMO) which rose to a maximum of 25%. Even by FY28 and FY29, their projection has WBT generating sizeable revenues (US$46m and US$122m) assuming they take only 10% and 15% market share. In today's latest preso, WBT say they are now "The only independent ReRam supplier", so I'd would wonder if the 25% market share plateau would be too low from FY31 onward. Still, if they reach US$664 (A$1 billion) by FY33, I won't be complaining.
All IMHO, DYOR
WBT Price at posting:
$2.10 Sentiment: Buy Disclosure: Held
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