Ann: Weebit Nano receives first revenue, page-18

Weebit Nano Ltd (ASX:WBT, Weebit or Company), a leading developer of advanced memory technologies for the global semiconductor industry, is pleased to announce that it has received its firstIP licensing revenue for its embedded Resistive Random-Access Memory (ReRAM) technology.

This revenue appears to be for embedded IP. That implies it is through SkyWater I think. That also suggests further revenue from customers for royalties and possibly engineering customisation. It is revenue after the fact: it is for stuff that has been done at this point in time.

“... Revenue generation is a pivotal moment in Weebit Nano’s commercialisation journey with our unique ReRAM well positioned to replace existing flash technology due to its superior performance capabilities. This milestone highlights our significant technical achievements over the past year, including full qualification at both industrial and automotive temperatures for the embedded market, where memory is embedded into a ‘system-on-chip’ (SoC). The embedded emerging non-volatile memory (NVM) market is expected to reach $2.7 billion by 2028, with ReRAM expected to account for more than a third of that. ..."

“... We’re also progressing commercial agreements with most of the world’s leading foundries and Integrated Device Manufacturers (IDMs) to increase availability of our ReRAM. While the time it takes to secure new agreements can be lengthy, we are continuing to move forward with a proven NVM technology that outperforms flash on key metrics.”

"... progressing commercial agreements with most of the world’s leading foundries and Integrated Device Manufacturers. ..." Now that is a statement that sits well in the mouth!