The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Hull.
Posters are consistently overestimating the influence of a non exec no matter how good. They don't close deals.
Tevet still seems really thinly spread. All depends on the state and sales stages of the pipeline when he joined.
Still seem some way away from even one revenue stream which gives steady multi m $ annual revenue like tarana.
DOWN.
Simple , concise, stands in its own, cuts through the lies and hype.
Someone made a mistake with those trades !! 100k 😦
Skid, I know that you that Davit Levi is not a favourite person of yours but this is what was written in the RNS.
Your earlier days of Levi and ENET did not have Kunstler and Tevet with him, as he does now. I think the boat has had a high quality makeover.
April 19th 2024 RNS
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".
After the RNE comes the orders.
Hull.
More negatives than positives - mainly that it still leaves tarana as the only real end user revenue stream in 24.
Tech business model is selling exactly the same product / application multiple times at very high margin, not playing around developing for individual customers.
Just hope the products they are part of are volume sellers.
Main hope h2 has a tarana order updating their existing estate with a software update - instant cash, instant margin.
Just wondering if those new contracts have landed yet?
Nice one SKID
Customer has a need that's not quite off the shelf
ENET with its skill base and product base
Suggests
PAY NOW for R&D and ORDER LATER
Both customer and ENET.... WIN
Customer gets desired product and ENET gets revenue.
Nearly unfiltered but thought again 😂
Christ on a bike, Skid has posted a balance view. WHOOO, this must be about to take off
Trickey -
Nice to see how I stated "key issue here is the 2.2-3 isnt product revenue, it engineering" has led further research - I thought I posted a pile of tosh? But good to be of assistance.
So why it is the key issue.
1. you cant extrapolate the 2.2-3 forward in any meaningful manner. So a further potential revenue / cash cliff Q1/2 25.
2. the money doesnt flow from an end user with the product in the field as royalty / product
3. it is a heavy investment from the customer, it will go through a lot of approvals and investment appraisal - hopefully with the statement of absolute numbers this is 95% complete - but the final 5% is always the pain in the backside.
4. still dont know whether it is an enhancement to an existing product which has a run rate for ENET, or a completely new product subject to launch. end user acceptance etc.
5. the enet product is not plug and play and therefore still needs work to ensure it works as part of this OEM stack, or future potential opportunities
6. Vs royalty or product the cash flow might be very backended or even 2025 (income can be recognised in accordance with work undertaken even if not billed)
7. Development / testing always takes longer / costs more than you plan for
Having said that
1. If they do get an order there should have been due diligence and an ROI evaluation from the OEMs that they can recover this amount from a given number of units in X time period.
2. Hopefully from a shareholder perspective it is effectively 100% margin with the costs embedded within the run rate DL has spoken about, not additional developers / testers on top
There has got to be some good news soon , either way if they sighn , stuck less than a penny ,, ceo needs to pull there socks up and spill the beans .
Castle
Yep its back to the .7's for sure
Emm looks like it may dip into the .70s
Cheers hull. No sells at 0.8p since that £6k at around 1.30pm yesterday.
Basically customers pay upfront or in installments and when work is complete and the customer is satisfied then comes the order or orders.
This morning :p
Https://www.sunpower-uk.com/glossary/what-is-nonrecurring-engineering/#:~:text=Non%2Drecurring%20engineering%20(NRE),during%20the%20new%20product%20development.
April 16th RNS
"THe options will be granted once the Company is no longer in a closed period, following the publication of the Company's annual report and accounts for the year ended 31 December 2023. A further announcement will be made at that time."
The options have an exercise price of 1.5p
For the directors to make any money the SP needs to be above 1.5p.
Funny but about the only true thing said on this bb.
Im fairly new here. Thanks for that input escape really brilliant. Bundle of laughs you are.
DOWN.
So is it 16th may when the closed period ends in here? And options can be taken from the bod at 1.5 or under?
Hi pwil. They fully diluted and funded (for now).
They have reduced monthly outgoings by a massive amount , they have paid back 1st $400k of $1.6 million debt repayments, I believe this company got ahead of its time.
2022 people in the know knew PON along with funding was gonna kick off in 2024 and grow from here. Julie kunsler knew this back then and her being onboard is a precursor to where this is going.
We have numerous companies that are gonna sink if they don't get onboard with future proofing tech, such as low latency and high and bandwidth, upgrading on the fly tech then they are screwed. Enet can assist many companies with this. To be honest enet's market sector is just taking off.
Can I ask, what gets you to that valuation then? Thanks