At first I had copied passages together here. But it becomes too much. Better read it yourself!
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"Notable operating cash flow items during the quarter included R&D expenses of $2.5 million. Total R&D
payments for the quarter were $680,000. Payments to related parties over Q2 FY23 were $199,000, inclusive of
fees paid to Directors and the CEO’s cost of payroll. At the end of the quarter, Weebit had a strong cash balance
of $45.6 million."
Weebit Nano is on track to achieve the following milestones over the coming quarters:
• Complete technology qualification with SkyWater;
• Sign new agreements with partners and customers;
• Sign up a Tier-1 fab; and
• Commence scaling embedded ReRAM technology below 22nm.
