WBT

0.99%

$2.05 weebit nano ltd

Thanks for posting Flectional. Now wait for moo to put his...

First 1872 Last

Share
Profile

Follow
Blazer21

249 Posts.

42

01/10/24

16:20

Post #: 75928731
Share

Originally posted by Flectional: ↑

Today I celebrate 7 years at Weebit Nano Ltd! WOW, what a journey!

I joined when we had only 2 engineers and a preliminary technology. Today we have 43 employees, of which 33 are engineers (including 13 PhDs), 2 licensing deals, qualified technology and intensive sales activities. We’ve faced significant challenges, but as I always say - it is very hard to stop a committed team of real experts working together! We put together an amazing board, one that most companies can only dream of, and hired an unbelievable engineering and business staff. Everyone at Weebit is laser-focused on making the company successful. And I also can’t forget to mention our very close partners CEA-Leti and CEA-List who have been working with us all along.

When I joined the company, its market cap was A$11M. We had our ups and downs, and despite more recent price pressure, there has been considerable shareholder value creation in that time. After a lot of hard work with foundries, IDMs and product companies in the past year, we are now in a very strong position and are ready to burst forward. 2023- 2024 have been the years in which the market realized that ReRAM is the future, and many companies have shifted their NVM focus to it. Needless to say, we are engaged in many evaluations and negotiations now.

The upcoming year will be a year of significant change. As we sign up more customers, we will also start growing our revenues. The initial revenue reported in FY24 is the first drop, and while the growth will still be gradual in the near future, we will build the infrastructure for significant growth in the future.

I would like to thank the Weebit team, and especially our faithful shareholders, who continue to believe in Weebit and support us. The next year will be very exciting, and I look forward to writing a new summary at this time next year.

Expand

Thanks for posting Flectional. Now wait for moo to put his negative spin on it.

WBT Price at posting: $1.82 Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

What each US election outcome would mean for Australian companies & investors

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Making money: How many microcaps should be in an investor's portfolio?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

There are more pages in this discussion • 212 more messages in this thread...

First 1872 Last

Add WBT (ASX) to my watchlist

(20min delay)
Last $2.05		Change 0.020(0.99%)		Mkt cap ! $389.2M

Open	High	Low	Value	Volume
$2.01	$2.07	$1.99	$390.7K	192.8K

Buyers (Bids)

No.	Vol.	Price($)
1	1659	$2.05

Sellers (Offers)

Price($)	Vol.	No.
$2.07	18144	3

View Market Depth

No.	Vol.	Price($)
1	1659	2.050
1	19490	2.030
1	28000	2.010
4	20833	2.000
1	21	1.995

Price($)	Vol.	No.
2.070	18109	2
2.080	9716	2
2.090	16206	1
2.100	24500	5
2.110	7919	3

Last trade - 16.10pm 01/11/2024 (20 minute delay)

WBT (ASX) Chart

Thanks for posting Flectional. Now wait for moo to put his...

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

What each US election outcome would mean for Australian companies & investors

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Making money: How many microcaps should be in an investor's portfolio?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Thanks for posting Flectional. Now wait for moo to put his...

Top Stories

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

What each US election outcome would mean for Australian companies & investors

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Making money: How many microcaps should be in an investor's portfolio?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News