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Weebit Nano Limited
2/1/2024
and welcome to the next quarterly Weebit Meet the CEO conversation that I'm having today with Kobi Hanoch, CEO of Weebit Nano. Thank you for joining us. My name is Ron Betchler, for those that don't know. I will be hosting Kobi and moderating the Q&A. We have received some questions ahead of today, which I'll make sure we cover. And also, if you have any questions, please feel free to type them in the Q&A box. please identify who you are. We won't be asking anonymous questions. And I will make sure that we cover the questions off during this session. We've allowed 45 to 60 minutes max for the session. But as we have done in the past, maybe, Cobby, you can provide those shareholders and investors on the session today with an overview of the December quarter and where the company's now at, and then we can move into the Q&A. Thanks, Cobby.
Thanks, Ron. I think we had a really exciting quarter from so many aspects. We had, well, first of all, we signed the DB Hightech Agreement. So, you know, WeBit is now really on the path of working with the leaders in this world. DB HiTech is number 10 on the foundry list. I think everyone knows already we're engaged with the majority of the people on the top 10 foundry and top 10 IDM lists. And I came back from a trip to the US last week and we had very good meetings. So we're really feeling very bullish about where we are and moving forward. We had our first revenues, small numbers, not anything big or exciting. I think the shareholders, we've already been talking about it. The ramp up will be very slow. We're getting these initial trickle of payments, but it is happening. DB Hightech is already a big and important company. player. People might not know the DB HiTech name, but they know the names of customers, even big names like Samsung and Intel manufacture there and Sony and Toshiba and NXP and many other well-known companies. The relationship with DB Hightech is really good. They are very serious. We are moving forward very well. You know, we're already planning our next face-to-face meeting with them. Probably will happen in about a month or so and really Uh, I'm very excited with them. Uh, you know, they are very focused on bringing customers on board. So we're already working with, uh, I mean, initial contacts, right. We're, we're far from being qualified at DB high tech, but we are already engaged with customers who are interested in manufacturing and DB high tech with, um, our technology and, uh, overall, I think, uh, 2024 is going to be a really exciting year for WeBit. You know, I told the team the goal is by the end of this year to be recognized as the undisputed leader in the rerun space. And I think we're on track to get there. It's really, you know, I can see the path to getting to that point within a year, one, one and a half years, we're going to be there. You're muted, Ron.
Sorry, Kobi. I was trying to find the unmute button. So maybe we can start. It's a good update. Maybe we can just start. There's been a few questions around revenue. Obviously, this was the first quarter showing revenue. Can you provide? We've got one shareholder who's asked what the makeup of the $457,000 income is. Was it licensing or was there some NRE in there as well?
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