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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Weebit Nano Limited    WBT   AU000000WBT5

WEEBIT NANO LIMITED

(WBT)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 10/26
2.1 AUD   +25.00%
09/23RESEARCH : Weebit Nano Moving Forward On Multiple Fronts
AQ
07/21RESEARCH : Weebit Nano In Driver's Seat Post Cap Raise
AQ
2019WEEBIT NANO : Leti test results show efficiency improvements
PU
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RESEARCH: Weebit Nano In Driver's Seat Post Cap Raise

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07/21/2020 | 08:06pm EDT

Weebit Nano is expected to deliver its first memory module by end-2020. Pitt Street Research updates its valuation post cap raising

Weebit Nano ((WBT)) is focused on the commercialisation of its proprietary SiOx-based ReRAM (Resistive Random Access Memory) technology, which has applications in both the discrete and embedded memory markets.

The company has signed collaboration agreements with potential customers across China (XTX Technology and SiEn Integrated Circuits) and South Korea and expects to sign commercial agreements with some of them before the end of Q2 2021.

Management has an impressive track record of meeting or exceeding development timelines. The ongoing COVID-19 crisis has impacted the operations of WBT, but the company is committed to not delaying the project timelines beyond the delays caused by COVID-19.

WBT plans to demonstrate its ReRAM cell for the discrete memory market by mid-2021.

$9m cap raise puts WBT in charge of own destiny                    

The company recently raised $9.1M from an institutional placement and a strongly oversubscribed SPP.

The funds raised will be vital to simultaneously support the growth plans for the embedded and discrete memory modules.

We believe tight budgets and a low share price have held back WBT's progress in recent months. The fresh funds should help the company drive its development programs full speed ahead.

Promising market for ReRAM applications                                

We expect that embedded ReRAM applications will present the first commercialisation opportunities for WBT.

The market for embedded ReRAM is expected to post strong, long-term growth as it starts complementing some of today's mainstream memory technologies, such as NOR Flash and SRAM with the potential to replace NOR Flash in certain applications.

Additionally, we believe entry into the discrete memory segment, driven by the XTX Technology collaboration, has exponentially expanded WBT's total addressable market.

Valuation of $1.36 per share                 

WBT is moving rapidly towards commercialisation, with the expected delivery of its first memory module by end-2020.

Its strong partnerships and focus on continuous technical refinement through its French development Partner Leti, strengthen the investment case.

Following WBT's recent capital raise and share issue, we adjust our valuation to $1.36 per share ($1.65 previously).

Download the full report

Earlier today the report above was released by Pitt Street Research for which FNArena is a partner in distribution. The full report can be accessed here:

https://www.fnarena.com/index.php/pitt-street-research/WBT/

FNArena is proud about its track record and past achievements: Ten Years On

All material published by FN Arena is the copyright of the publisher, unless otherwise stated. Reproduction in whole or in part is not permitted without written permission of the publisher.

© 2020 Acquisdata Pty Ltd., source FN Arena


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All news about WEEBIT NANO LIMITED
09/23RESEARCH : Weebit Nano Moving Forward On Multiple Fronts
AQ
07/21RESEARCH : Weebit Nano In Driver's Seat Post Cap Raise
AQ
2019WEEBIT NANO : Leti test results show efficiency improvements
PU
2019WEEBIT NANO LTD : RIGHTS ISSUE: 1 new share @ 0.39 AUD for 9.5 existing shares
FA
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Financials
Sales 2020 - - -
Net income 2020 -4,02 M -2,86 M -2,86 M
Net cash 2020 3,99 M 2,84 M 2,84 M
P/E ratio 2020 -4,65x
Yield 2020 -
Capitalization 221 M 157 M 157 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees -
Free-Float 84,3%
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Consensus
 
Mean consensus -
Number of Analysts 1
Average target price 1,36 AUD
Last Close Price 1,68 AUD
Spread / Highest target -19,0%
Spread / Average Target -19,0%
Spread / Lowest Target -19,0%
Managers
NameTitle
Jacob Hanoch Chief Executive Officer, Director & MD
David Perlmutter Non-Executive Chairman
Alla Felder Chief Financial Officer
Amir Regev Chief Technology Officer
Ashley Mark Krongold Non-Executive Director
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