HomeFinTechWeebit Nano: Shares slip on September quarterly

Weebit Nano: Shares slip on September quarterly

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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.
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