The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEthernity Net Share News (ENET)

Share Price Information for Ethernity Net (ENET)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.80
Bid: 0.75
Ask: 0.85
Change: -0.075 (-8.57%)
Spread: 0.10 (13.333%)
Open: 0.875
High: 0.875
Low: 0.80
Prev. Close: 0.875
ENET Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Ethernity Interim Revenue Doubles On Contract Wins

Fri, 06th Sep 2019 11:43

(Alliance News) - Ethernity Networks Ltd on Friday said it more than doubled its first half revenue, driven by the contribution of two contracts won towards the end of 2018.

In the six months to June 30, Ethernity delivered a revenue of USD971,709, up from USD441,247 in the first half of 2018. The network and security firm also narrowed its interim loss to USD990,304 from USD1.2 million.

Segmentally, the company's revenue in Israel grew by 29% year-on-year to USD277,188 from USD215,114 and in Asia by 3.0% to USD105,840 from USD102,754.

The core US business saw a sharp interim revenue growth to USD588,680 from USD46,239. Europe was the only region to generate no revenue, sinking from USD77,140 the year before.

In October, the company signed a supply contract with an unnamed tier 1 North American telecommunications equipment manufacturer, which at the time Ethernity said would seal USD500,000 in short-term revenue and USD2 million in future royalty streams over the next three years.

In November, it also secured a supply deal with a tier 1 North American aviation and defence equipment manufacturer, to the tune of USD400,000 in short-term revenue.

During the interim period, Ethernity said it "successfully completed delivery" of its ACENIC-100 platform to a major Korean equipment maker. The product is used to improve the performance of ethernet internet networks.

Chief Executive David Levi said: "The first half results and growth are in-line with our expectations with the focus being on the company moving from a technology provider to a solutions provider for virtual networking and security appliances.

"The licensing contracts signed with Tier 1 original equipment manufacturers represents part of the change we anticipated and is expected to develop into stable recurrent revenue from royalties."

Shares in Ethernity were 4.5% higher at 39.20 pence each in London on Friday morning.

More News
19 Apr 2024 12:02

LONDON MARKET MIDDAY: Stocks down on Israel attack on Isfahan, Iran

(Alliance News) - Stock prices in London were down at midday on Friday, as equity sentiment suffered by worries of a conflict escalation between Iran and Israel, after Iranian state media reported explosions in the province of Isfahan.

Read more
19 Apr 2024 10:32

AIM WINNERS & LOSERS: Ethernity loss narrows; Fonix staff sell shares

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

Read more
19 Apr 2024 09:17

Ethernity Networks shares jump on annual revenue boost

(Alliance News) - Ethernity Networks Ltd on Friday reported a significant increase in its annual revenue, resulting in a narrowed loss for the company in 2023.

Read more
9 Apr 2024 16:14

UK shareholder meetings calendar - next 7 days

Wednesday 10 April 
Valereum PLCAGM
Wincanton PLCGM re takeover by GXO Logistics Inc
Thursday 11 April 
AstraZeneca PLCAGM
Friday 12 April 
SigmaRoc PLCAGM
Monday 15 April 
C4X Discovery Holdings PLCGM re re-registering as private limited company
i3 Energy PLCGM re proposed capital reduction
Molecular Energies PLCGM re delisting
Vanquis Banking Group PLCAGM
Tuesday 16 April 
Everyman Media Group PLCAGM
Ethernity Networks LtdGM
Hydro Hotel Eastbourne PLCAGM
Nexteq PLCAGM
Nexus Infrastructure PLCGM re final dividend, reappointment of auditors
Porvair PLCAGM 
Tullow Oil PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
2 Apr 2024 13:22

UK shareholder meetings calendar - next 7 days

Wednesday 3 April 
Downing Strategic Micro-Cap Investment Trust PLCGM re approval of B share scheme
Quantum Exponential Group PLCGM re delisting or potential investment in company
Thursday 4 April 
Rio Tinto PLCAGM
Scottish American Investment Co PLCAGM
TheWorks.co.uk PLCGM re Main Market delisting and AIM admission
Friday 5 April 
Faron Pharmaceuticals LtdAGM
VPC Specialty Lending Investments PLCGM re capital return via B share scheme
Monday 8 April 
Premier African Minerals LtdAGM
Tuesday 9 April 
Ethernity Networks LtdEGM re board appointments and option grants
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
28 Mar 2024 13:44

EARNINGS AND TRADING: Northamber loss widens; Ethernity contract boost

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
28 Mar 2024 13:27

Ethernity reports positive discussions with potential customers

(Sharecast News) - Networking processing semiconductor technology specialist Ethernity Networks said in an update on Thursday that, throughout the year to date, it had engaged positively with several potential new customers, including two OEM vendors.

Read more
8 Mar 2024 13:55

EXECUTIVE CHANGES: Ethernity chair stays on, Picton director to quit

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Friday and not separately reported by Alliance News:

Read more
8 Mar 2024 10:16

Yosi Albagli to continue as Ethernity Networks chairman

(Sharecast News) - Data processing and networking semiconductor technology specialist Ethernity Networks announced the continuation of Joseph 'Yosi' Albagli's tenure as its non-executive chairman on Friday, following the conclusion of his initial three-year term.

Read more
14 Feb 2024 11:12

Ethernity Networks shares edge up as Ayala Deutsch promoted to CFO

(Alliance News) - Ethernity Networks Ltd on Wednesday said it has promoted its finance vice president, Ayala Deutsch, as chief financial officer, following the resignation of Mark Reichenberg in the summer.

Read more
14 Feb 2024 09:10

Ethernity Networks names Ayala Deutsch as CFO

(Sharecast News) - Data processing semiconductor technology supplier Ethernity Networks has appointed Ayala Deutsch to the board as the company's new chief financial officer.

Read more
5 Feb 2024 20:23

TRADING UPDATES: ReNeuron warns; Gama Aviation pledges cash return

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
31 Jan 2024 18:28

EARNINGS AND TRADING: STV raises holding in Two Cities Television

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
11 Jan 2024 11:44

IN BRIEF: Ethernity Networks gains approval for creditor settlement

Ethernity Networks Ltd - Israel-based supplier of data processing semiconductor technology for networking appliances - Says it has received approval of the proposal for the settlement of creditors from all three of its creditor groups. Says it has submitted a settlement proposal with the court of Lod, Israel, with the court set to schedule a hearing to consider and approve the settlement. Says that under the settlement, valid creditors will be repaid over a 12-month period in four instalments. The first payment will be made within 90 days of exiting the settlement. Notes that the total creditor balance is USD1.6 million.

Read more
4 Jan 2024 19:57

IN BRIEF: Ethernity Networks secures some creditor support for plans

Ethernity Networks Ltd - Israel-based supplier of data processing semiconductor technology for networking appliances - Provides update on the ongoing temporary suspension of proceedings process. Explains that further to a statement December 20, a meeting of creditors took place earlier Thursday. This was to consider and vote on the company's proposed settlement plan. The significant majority of general and guaranteed creditors by number and creditor balance approved the settlement proposal. The company has not yet received final votes from all the priority creditors (which represent around one quarter of the total creditor balance) and remains in discussion with them in order to obtain their votes. Subject to achieving the required level of creditor support for the settlement proposal, says the TSP settlement manager will seek the Court's approval.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.