Weebit Nano (ASX:WBT): 19% Price Surge After WBT Signs Its First Product Customer

Is This ASX Technology Stock the Next Big Semiconductor Winner?

On 31 July, Weebit Nano (ASX:WBT) soared over 19% in a single day after releasing its Q4 FY25 results. While most investors are distracted by the AI arms race and semiconductor giants, a little-known Aussie tech company is quietly disrupting one of the industry’s most entrenched strongholds: non-volatile memory.

 

Inside ReRAM, The Memory Battle That Could Reshape the Future of Chips

 As technology advances, so do the demands placed on its core components. Flash memory, long considered the standard for storage in devices from smartphones to servers, is starting to show limitations — slower speeds, higher power consumption and scalability challenges as chips become smaller and more complex.

One emerging alternative is ReRAM (Resistive RAM), a next-generation memory technology that offers the potential for faster performance, lower energy use and greater endurance. It is designed to meet the needs of data-heavy applications like AI, autonomous vehicles and edge computing, where traditional flash may fall short. 

The company recently signed licensing agreements, including a high-profile deal with US chipmaker onsemi and has begun integrating its technology into silicon, a step toward commercialisation.

If you want to learn more about the technology, check out this article: Weebit Nano.

 

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From Speculation to Validation: Is Weebit Nano Entering Its Breakout Phase?

 In early-stage tech, the gap between promise and profit often comes down to one thing, execution. And for Weebit Nano, 2025 may be shaping up as a year of key execution milestones.

After a volatile stretch that tested investor conviction, sentiment appears to be shifting. The catalyst? A string of commercial developments, most notably, a licensing deal with US chipmaker onsemi (NASDAQ: ON). Valued at over US$27 billion, onsemi is working with Weebit to integrate its ReRAM memory into a new chip platform designed to combine analog, digital and power functions into a single, flexible solution. First test chips are expected in 2025.

 

First Product Customer Signed!

While Weebit Nano has already signed deals with foundries DB HiTek and SkyWater, and with Integrated Device Manufacturer (IDM) onsemi, in its latest 4C announcement on 31 July, Weebit Nano disclosed a first licensing agreement with a so-called product company, i.e. a company that uses computer chips in their products, like smart watches, phones, robotics, medical devices etc.

In this case, the deal is with an unnamed US company in the security space, signaling possible early traction in new verticals. With partnerships expanding and product development progressing, it looks like Weebit Nano is entering a new phase of its growth story and we expect more deals like this one in 2025!

 

A Quick Financial Snapshot

While the market reacted positively to the headline news, what lies beneath may be even more telling. Weebit Nano’s latest quarterly report reflects a company still in its formative years, where high R&D spend and negative cash flow are not red flags, but expected features of building a technical and commercial foundation.

With $3.5 million invested in R&D and ongoing costs tied to qualification with SkyWater and DB HiTek, management is clearly prioritising product readiness over short-term earnings. Meanwhile, the $1.4 million in customer receipts, though modest, marks a shift from pre-revenue to early monetisation, a subtle but important sign of progress.

The $88.3 million in cash suggests a 16-quarter runway, though that cushion will likely shrink as the business scales and capital demands rise. For attentive investors, this quarter wasn’t about fireworks, it was about focus, discipline and a strategy quietly taking shape.

 

Chasing the Surge? What the Numbers Say About Weebit Nano

The recent 19% surge in Weebit Nano’s share price made headlines, but it also triggered the kind of emotional momentum that often clouds investor judgment. FOMO tends to spike when a stock moves sharply, pushing some to chase the price without context. 

Yet, beneath the rally lies a more complex story. The stock is still down 24% year to date and trades well below its all-time high of around $9 in 2023, a gap that reflects ongoing uncertainty in the company’s valuation, but also signals the upside potential, in our view.

If Weebit can maintain commercial momentum and show meaningful revenue progress over the next two quarters, the setup could present a compelling risk-reward. A low float and tightly held register mean positive news can drive sharp moves, but that upside depends on execution, not just sentiment. Right now, the market’s excitement is a clear indication of the company’s attractive fundamentals!

If you want to read more about Weebit Nano, please check out the research coverage by Pitt Street Research.

 

Disclosure: Stocks Down Under/Pitt Street Research directors own shares in Weebit Nano.