The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Closing comments from David Levi in last year's annual results ; "Even given operator delays in the implementation of their chosen NFV solutions to which we are or will be a provider, the blend of the current Company offerings targeting existing markets, allows the Company to continue generating cash flow from its operations, thus maintaining a strong financial position. I remain extremely confident that Ethernity is the best placed solutions provider to meet the operator demands and that our long term goals will be met and exceeded, delivering our shareholders with exceptional returns. David Levi Chief Executive Officer 19 June 2018"
The market cap is tiny compared to the potential of the business plan which we now know is in flight. I don't expect anything much for 2018 revenue wise but like most will be looking at the more recent update and forward looking statement in the annual results
Apologies for disjointed post. There is a limitation on how much can be posted in a single message. Link here to last year's annual results http://www.lse.co.uk/regulatory-news-article.asp?ArticleCode=zzlg7zr1&ArticleHeadline=Annual_Financial_Report
Even given operator delays in the implementation of their chosen NFV solutions to which we are or will be a provider, the blend of the current Company offerings targeting existing markets, allows the Company to continue generating cash flow from its operations, thus maintaining a strong financial position. I remain extremely confident that Ethernity is the best placed solutions provider to meet the operator demands and that our long term goals will be met and exceeded, delivering our shareholders with exceptional returns. David Levi Chief Executive Officer 19 June 2018"
..... Current Trading Revenue in the year to date has continued to follow the trends of 2017 as the customer partnerships and relationships are developed and the NFV/SDN market delays are resulting in it taking longer than originally anticipated to adopt our accelerating solution based on our FPGA based SmartNIC. The year has started with the bedding down in the first quarter of the infrastructures as detailed as part of our IPO plans. To the extent that the Company raised funds at a level higher than anticipated, this allowed us to expand our sales and marketing operation by participating in more events, along with the recruitment of key sales executives to support the anticipated Company growth. While the building of the infrastructure that was undertaken will have a direct effect on our profitability for the 2018 financial year, this is in support of managements philosophy to build the Company in 2018 so as to achieve the future growth in line with the anticipated market growth from 2019 onwards. We believe that investment in sales and marketing over the past nine months, together with investment in our R&D capacity to meet expected customer and market technology demands, leave us well placed to support future growth and, while being mindful of the risks posed by the prevailing dynamics and current delays in the macro market environment, we have a high level of confidence that we are the best positioned company in the market to deliver the future market requirements and demands. The Company is in discussions with three potential Tier 1 OEMs at different stages of engagement for accelerating Virtual Broadband Gateway application, with a production plan for 2019, and mass deployment in 2020, together with other distributors and system integrators that will push the product into the market. Furthermore, the SmartNIC completed massive tests with two leading White Box server companies to include the SmartNIC under their proposals Furthermore, the Company is in talks with OEMs to secure orders for our next generation 100Gbps SmartNIC to be released in September of the current year for NFV offload and Security appliances. This coupled with the expectation of some imminent design wins from traditional and vertical markets, the Board remains confident about the future prospects for our business and in achieving our growth objectives as set out for the ensuing years Outlook The Company continues to focus on the development and delivery of its SmartNIC solutions and key agreements are under discussion for significant partnerships that will fuel growth. In parallel, the Company continues to drive new technologies and business for technology and IP licensing in other telecom markets, which include mobile, broadband, cable, wireless, together with vertical markets such as the avionics and automotive markets with the goal of generating additional revenues to support the main focus of the company. Even given operator delays
..... As referred to at the time of Admission, the shift in the market place for FPGA use in cloud appliances, driven by the key tech companies, is a sea change in the market opportunity and positioning of the Company. However, the Company is dependent on the timing as to when operators implement their plans for deployment of cloud infrastructure for edge computing. We remain confident that even though such delays exist we will complete formal arrangements with prospective customers during and before the end of 2018 and that the long term goals of the Company will still be met. During 2017 and since the year end the Company has substantially developed its R&D capabilities along with its local and international Sales and Marketing teams and has secured the services of a number of highly experienced staff. I am confident that our expanded team, which we continue to build, can achieve positive results in transactions and revenue. The Company has undertaken a comprehensive marketing strategy now that most of the key sales resources are in place. This was further underscored by our success at the Mobile World Congress 2018, held in Barcelona earlier this year. The outcome of this has been the start of several significant strategic relationships with software partners to combine solutions as well as discussions with OEMs and Server companies around their need for our solutions.
Worth re reading last year's Chief Exec statement from the 2018 annual results, as we await this year's..... "Chief Executive's Statement I am pleased to report that in the period since the Company`s Admission to AIM in June 2017 we have expanded and developed our team with a focus on supporting the transition from being a provider of Intellectual Property (IP) to a product and services Solutions Provider. We commenced discussions with a number of the major telecoms operators and Original Equipment Manufacturers (OEM's) in the latter half of 2017, which are ongoing, regarding our solutions and we continue to receive confirmation of their interest to utilise our products and solutions in their networks. In recent months, their feedback has been that the Company's offerings are unmatched by competitors in the market place, based on the market shift to the use of 'cloud infrastructure' at the network edge. Many of these discussions have advanced significantly having passed proof of concept and evaluation at the prospective partner level, including software companies, OEM's and server "White Box" manufactures and we strongly believe that these will lead to future long term engagements. At the time of Admission, we set out the following objectives to be achieved over the short to medium term: · Invest in extended Research & Development capabilities and Sales & Marketing activities to drive accelerated growth, with a focus on up-selling products as a complete solution into OEMs and Communication Service Providers and markets; This has involved increasing the Company's profile by greater participation at trade exhibitions, by becoming an active member of major open source industry initiatives and by increasing its customer support for Smart NIC (ACENIC) · Develop security and offload engines in the cyber and other security environs; This involves developing programmable crypto engine software for IP SEC, MAC SEC and SSL offload environments. It will further involve the development of software in the abstraction layer between ENET networking engines and open software environments to allow accelerated network functions. As part of this plan, Ethernity already integrated crypto engine into its already rich, advanced Carrier Ethernet data path and utilised the ENET network processing engine for delivery of a complete IPSec solution. · Secure and continue to monetarise the Company's core technology by continuing to develop IP and securing further patents to protect any future developments by our competitors. It is likely that future developed IP will include the development of next generation, higher data throughput solutions to support up to 200Gbps network processing capacity based on current technology and solutions. · Work with strategic partners, including software companies and OEMs, to broaden the product or market opportunities available to the Company. As referred to at