Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hopefully the results will outweigh the crap in Israel 🇮🇱
Wow all very positive , just need some new contracts now :)
Gross profit increased by 46% and Operating loss decreased.
2 million in the bank .
2 big contracts to follow if signed
No1 tec ,
Wowser
That’ll do nicely thank u
Ethernity Networks Ltd.
("Ethernity" or the "Company")
Results for the Year Ended 31 December 2023
Ethernity Networks Ltd (AIM: ENET.L; OTCMKTS: ENETF), a leading supplier of data processing semiconductor technology for networking appliances, today announces its audited results for the year ended 31 December 2023.
Highlights
· FY 2023 revenue of $3.8 million represents 29% growth vs. 2022 revenues (2022: $2.9 million).
· FY 2023 cash collections from customers amounted to $4.9 million.
· Gross profit increased by 46% to $2.3 million (2022: $1.6 million).
· Operating loss decreased from $8.7 million in 2022 to $5.3 million in 2023 reflecting a decrease of 27%.
· EBITDA loss for 2023 decreased by 47% to $3.9 million (2022: $7.3 million).
· EBITDA loss for H2 2023 decreased by 74% to $0.8 million from $3.1 million in H1 2023.
· Net cash funds raised during the year amounted to $3.6 million.
· Cash at 31 December 2023 of $2 million (31 December 2022: $0.7 million)
David Levi, Chief Executive, said "During this past year, we achieved significant growth in revenue and gross margin, with a major turnaround in the second half. This success came despite facing headwinds from the global economic climate. Based on the scopes of work being discussed with potential new customers, Ethernity expects to secure new contracts for our Carrier Ethernet and PON technology, in incremental non-recurring engineering (NRE) revenue in 2024 on top of our established business. This momentum positions us for significant future growth as our OEM partners leverage our solutions to win market share and generate revenue for themselves. We anticipate this will translate into substantial new revenue opportunities for Ethernity in 2025".
I don't think it is. Really don't. If it carries on which it probably will. This will drop and drop then probably get suspended
Management are positive
Israel half heartedly attack on Iran is good now Enet can get back to the office .
Castle
Low number of trades, and as is the way with AIM, the SP drops. Traders go wandering.
Do you often confuse big things for tiny things ?
Something is not right. Some big sells today :
1,254,732 (11.0k)
875,183 (7702)
944,058 (8,638)
595,943 (5,542)
500,000 (4,690)
500,000 (4,695)
WTF are all these contracts ??????????????? Sick of waiting
As mentioned by Hull yesterday, there will unlikely be a pre-RNS stating End of Year results release date so can land at any time.
I note that the last two (08/04/2022 & 30/06/2023) both fell on a Friday. Could the next one tomorrow?
SKID
Very knowledgeable on such matters.... thanks
Is anyone 🏆 here
Hull.
A decent tech sales person working in s/w / h/w in a Nasdaq / nyse company would be on a base salary of about £100k and a further £100k on target comm. Add to this direct cost of pension, NI, expenses, car allowance. I used to know all these across EMEA for each country.
Usually you get a chunk of options each year on top with a standard vesting over 5 years at 20%. So if you’ve been there 5 years you’ve a nice chunk of unexercised options effectively “in the bank” so you’re not going to go to ENET with their risk premium, hence why the new VP was not in employment.
Hull.
She joined ENET as finance director and was promoted to VP.
SKID
"Decent sales people should be $300-400k all in but are worth their weight in gold"
Did you mean these values?
$300k ..£240k
$400k ...£320k
Seems very high to me, just asking ?
SKID
Using RNSs...
Are you correct?
Etherniy Networks (AIM: ENET.L; OTCQB: ENETF), a leading supplier of data processing semiconductor technology for networking appliances, announces that by mutual agreement, Mark Reichenberg, Chief Financial Officer, will be stepping down from the Board with effect from 31 July 2023.
The Board has commenced an internal and external search for a suitable candidate for the role of Chief Financial Officer and the Company will make a further announcement in due course. In the interim period, Ayala Deutsch, Vice President of Finance, will manage the CFO duties.
Hull.
This isnt correct.
She joined as Finance Director and was promoted to VP finance., this at a time a CFO and VP of finance for a company with a $1.5m turnover, I think my local Greggs does more than that.
As I have said key appointments are front facing, hard nosed sales - in finance you just need someone to ensure the basics and statutory / tax stuff is complete. Decent sales people should be $300-400k all in but are worth their weight in gold, issue is it takes someone 6-12 months to get productive so a cost to the company (as they would have guaranteed bonus at 100% for 6 months) and its very difficult to recruit good people to a company such as ENET especially if they are nasdaq and have options in the blue.
Another demo to show their wares.
https://www.fierce-network.com/wireless/look-its-tarana-tree
March 4, 2024
At Tarana, we like to say, “Seeing is believing,” and we love it when our customers put this to the test. Recently, an integrator named WISP Services decided to perform a head-to-head comparison between Tarana’s Gigabit 1 (G1) and another system we’ll refer to here as Vendor C. The goal was to determine the best coverage and throughput in a typical rural environment.
As part of the testing, they discovered that Tarana’s G1 delivered up to 10x the download performance of Vendor C’s equipment. G1 could also connect in two locations where Vendor C could not get a link.
https://www.taranawireless.com/g1-head-to-head-with-the-competition/?utm_content=289777677&utm_medium=social&utm_source=linkedin&hss_channel=lcp-371069
SKID
No 2 is a harsh on the CFO
Ethernity Networks Limited (AIM: ENET.L) (OTCMKTS: ENETF), a leading supplier of data processing semiconductor technology for networking appliances, is pleased to announce the appointment of Ayala Deutsch to the Board of the Company as Chief Financial Officer.
Ayala joined Ethernity in January 2019 as Vice President of Finance and has been managing the Company's CFO duties since August 2023. Ayala has more than 15 years of financial experience in international high-technology companies. Previously she was a Corporate Controller at Glide, and prior to that, an auditor at KPMG. Ayala is a Certified Public Accountant in Israel and obtained her MBA, majoring in Financial Management, at the Hebrew University in Jerusalem.
Friday evening!
Skid, thanks for your reply at 12.34 today and apologies for my late reply, as I have been out all afternoon.
Having to enter the TSP process late last year, would seem to confirm that the accounts up to that period will not be good, so I agree load it with as many write downs as possible and move on.
In relation to the coming year, we have seen a cut in running costs, two new members of staff with very good CV’s and the hint of new contracts to come. So, I believe we are beginning to move in the right direction.
I would like to see the accounts published on Gdiday evening of this week, leaving a new week ahead for contract news.
Forever hopeful lol.
Good luck to you and all holders.