Coby said on 21.02.2023 when speaking to Alan Kohler that customers are expected to be paying fees in 2023.
Weebit expects to start having inital revenues in 2023 in the form of licence fees and NRE engineering fees for adopting modules to the needs of the customers.
However these fees will not be significant enough to make WBT break even.
Given the need to continue with a lot of R&D work he said that at a certain point there will be a need to raise money but with $40 million in the bank they are feeling very good and comfortable that this amount will see them through until 2024.
Coby said on 21.02.2023 when speaking to Alan Kohler that...
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