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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 - 11/26
2.06 AUD   -2.83%
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 Moving Forward On Multiple Fronts

09/23/2020 | 07:28pm EST

As the company's technology is maturing, Pitt Street Research predicts a re-rating for Weebit Nano shares

Weebit Nano ((WBT)) filed several patents recently to protect the IP of its silicon oxide (SiOx) Resistive Random Access Memory (ReRAM) technology.

WBT, along with its research partner Leti, filed a very valuable patent that enables the company to develop an effective programming algorithm to implement multi-level capability in any OxRAM technology.

This patent will enable the implementation of multi-level programming taking into account typical physical shifts of the levels, which is common to ReRAM.

After programming ReRAM cells, the ReRAM experiences a slight shift in its resistivity levels due to natural physical phenomena.

Weebit's programming algorithm takes this shift into account and thus works with its "true" resistivity level and not the theoretical one.

The MLC technology allows more data per unit area, leading to higher memory storage capacity and lower cost.

We believe this patent provides a vital competitive edge to WBT. The other two patents filed relate to reducing the select transistor size, which will enable production of smaller, lower-cost embedded memory modules.

Cashed up for commercialisation

WBT is moving towards 'productisation' and has completed the first stage of 'stabilisation', which was focussed on making the process repeatable and consistent.

This stage has improved the maturity of WBT's technology, increasing cell-to-cell uniformity, leading to higher yields (more good dies (chips) per wafer).

Further, WBT recently completed a $9.1m capital raise with the potential for another $19.7m from the exercise of in-the-money options by investors.

The funds will assist WBT in simultaneously supporting its growth plans for the embedded and stand-alone memory modules. Management aims to sign commercial agreements by Q2 2021, which we believe will significantly drive investor interest in the stock.

Valuation of $1.36 per share

WBT has successfully continued its development progress on multiple fronts, such as R&D and pre-production, despite the setbacks of COVID-19.

This reaffirms our confidence in management's ability and the technology's potential. We continue to expect strong upside potential for this stock and reiterate our intermediate valuation of $1.36 per share.

Following the recent share price moves, we expect the stock to further re-rate if and when the company succeeds in closing its initial commercial agreements, expected in 1HY21.

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

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
More news
Financials
Sales 2020 - - -
Net income 2020 -4,02 M -2,97 M -2,97 M
Net cash 2020 3,99 M 2,95 M 2,95 M
P/E ratio 2020 -4,65x
Yield 2020 -
Capitalization 212 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 2,00 AUD
Spread / Highest target -31,8%
Spread / Average Target -31,8%
Spread / Lowest Target -31,8%
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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