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WBT - Weebit Nano

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Nothing happening here. Stock trading sideways. Every rise is being sold into. Shorts increasing to 8.35%. Think it will take a run of positive news to get this up and going. Might see the tape out completed soon as directors have been adding to their positions
 
There is the news I’ve been waiting for. Tape out is completed to DB HITEK. Very positive milestone. Only need to manufacture some wafers and get qualification completed. It’s only a 9-12 month process. No short cuts here. Need a lot of patience holding this one
 
The cash flow statements further down are a bit stomach churning . Everything in brackets so cash flow is all , um , outflow . Just for now , one hopes eh ? Best to cross one's pinkies and just whistle Dixie " look away , look away " !
 
Well 3 hours in today and WBT up over 10%. Amazing to think that 1m of revenue could do such a thing. I can only surmise that the market is forward looking after all. Who knew
 
Shorts dropped by 5m with the the MSCI rebalancing. Since then 3m have been added and pushed this down to 12 month low. Wasn’t expecting to stay in the ASX 300 and strapped myself in for an even bigger fall although the opportunity to top up would have presented itself. Holding this for the long term. Looking for another fab to sign on this year to get this snowballing in a couple of years and with that the future should be very bright indeed
 
An invite, if this is your thing

Semiconductor Australia | Investor Conference

Australia’s premier semiconductor, quantum, and photonics event. Semiconductor Australia 2024 brings together Australia’s brightest deep-tech entrepreneurs, industry and innovation policy makers, and the international investor community to discuss the opportunities and roadmap to secure...
www.semiconductoraustralia.com

Presenting companies include BluGlass Limited, Weebit Nano, Silex Systems, Archer Materials, 4DS Memory, Morse Micro, Silicon Quantum Computing, Diraq, Quantum Brilliance and more
 
Quarterly out this morning. Still have 57m in cash. A lot of evaluations going on with fabs, product manufacturers and IDM’s. Expecting to sign with someone this calendar year. I wait in anticipation
 
The ultimate narrative speculation! 0 revenue, about $5.5m cash burn for the quarter, or over $20m per year! Share count up about 50x in 10 years, a direct result of endless cap raises to fund cash burn from speculators pockets! Just incredible.
 
Als2own said:
Up 50% in 5 trading days on no news and no speeding ticket oh and no meaningful revenue
Click to expand...
The Australian had an article on 8 November which I think quoted a Stockhead article. which moved the price. It was a regurgitated presentation made at the Semiconductor Australia 2024 Conference a week or so before.
Probably sparked some interest from traders who did not know about WBT.

​

 
@Als2own part of the article you may have missed

Currently, Weebit’s R&D team is making progress to advance high-temperature automotive qualification tests and testing its 22nm FD-SOI silicon, which has been showing promising reliability.

The company filed more than 70 patent applications,, fortifying protections around its R&D efforts. Only in the last quarter the company was granted an additional nine patents.

Weebit is now in discussions with over a dozen leading foundries and integrated device manufacturers (IDMs) as potential clients, in addition to many leading product companies.

Last year, Weebit signed an agreement with DB HiTek, a South Korean semiconductor manufacturing company with whom Weebit is progressing towards the qualification of ReRAM demo chips, expected to be completed by mid-2025.
 
galumay said:
The ultimate narrative speculation! 0 revenue, about $5.5m cash burn for the quarter, or over $20m per year! Share count up about 50x in 10 years, a direct result of endless cap raises to fund cash burn from speculators pockets! Just incredible.
Click to expand...
Well well well who in their right mind would invest 50m into this speculative stock. People who can see the future or you could wait 3 Years when revenue starts to drop and pay 3 x the price. I think need some new sunglasses as the future looks a lot brighter to me
 
2025comp pick this year as last year’s. Let me down jan-dec last year for the first time in five years. With the onsemi deal just announced and with CEO’s remuneration tied to more deals this year and qualification at DB hiteck also expected this year there will be plenty of progress to move this forward.
 
Als2own said:
I think need some new sunglasses as the future looks a lot brighter to me
Click to expand...

Do get back to me and let me know how the future looks! Being an optimist is one thing, but being oblivious to reality is another, in the last 10 years it has lost over $170m, as I said share count up 50x (that where the $170m of losses has been funded from, straight out of shareholder's pockets, currently priced at 10x the only asset it has, what's left of the cash from the last cap raising!

Now maybe my sunnies are too dark, but seriously, the asymmetric risk here is huge, 10 years of financials suggest the most likely outcome is the company falls over and investors lose what is left of their capital, or your narrative speculation is correct and despite failing to achieve anything for 10 years, they are suddenly going to start making revenue, and have a good enough business to provide sufficient margins for high returns to shareholders. Thinking probabilistically I know where I would place my bet!
 
If you understand the relevance of what they are achieving then your view may change.
Yes they have spent millions on research and development. They have also proven that their technology works and can be scaled down to geometries that the incumbent technology can not scale too. Flash memory has a new competitor in the NVM space and WBT is the only independent supplier atm.
That may change but time to market is long and can’t be speed up. With the DB hitek tape out occurring and wafers being produced, qualifying will commence. Once qualified you will see a trickle of revenue once production begins.
Add in the Onsemi agreement and in in another 2 years you will see more revenue. Now if they can get another couple of fabs signed this year then a snowball of revenue will start to build.
Just like an exploration company searching for a resource. They spend money on drilling, finding, then defining always coming back to market to raise funds. Then they raise more for a pfs then again for a dfs and then raise again to fund mine development and mill and finally start to mine and if said work is correct they start to make money. Firstly to pay back loans to get it off the ground then they may make more money that may be returned to shareholders.
To me it’s the same same but different. The resource will eventually runout but with IP licenses they will run for many years, decades with minimal outlay in the future. Time frame to me is similar although revenue goes on and on and on. Come back in 5 years and tell me I’m wrong
 
I dont think it will last 5 years, but, yes, I will remind you!!

Again, its all just narrative speculation with no fundamentals.

(all the same reasons why I dont invest in resource exploration companies, few better ways to lose your capital that speculating on rock turners.)

Anyway, I really hope for your sake you prove me wrong and its the one in a million of its type that actually makes it. That way you will make lots of money and I wont lose any!!
 
Hard to lose any when you’re free carried with a profit sitting in the bank. Just to clarify they have qualified the tech at CEA LETI at 130nm and Skywater at 130nm and in the process of qualifying at 22nm from global foundries. The Onsemi agreement is at 65nm. I think they have a great future but time is the issue
 
Als2own said:
Hard to lose any when you’re free carried with a profit sitting in the bank
Click to expand...

Opportunity cost.

Regardless, good on you for banking a profit. Most playing that game keep tipping more in and get cleaned out.
 
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