Weebit Nano Shares slip on September quarterly
- Shares in Weebit Nano (WBT) fall in early trade following the release of the company’s latest quarterly financial report
- Weebit tabled negative quarterly cashflow of around $3.5 million as it works to develop and commercialise its resistive random-access-memory (ReRAM) tech
- Importantly, Weebit struck is first commercial deal for the tech over the September quarter with US-based semiconductor foundry SkyWater Technology
- Weebit and SkyWater are now working to transfer and qualify the ReRAM tech in the US fab before the end of 2022
- Shares in WeebitNano are down 0.88 per cent and trading at $3.37 at 1:29 pm AEDT.
