RE: 10/6 RNS: Contracts TBA with leading PON Vendors. Huawei/Nokia etc.30 Jun 2025 07:29
The tech alone will be worth a heck of a lot more than this £1m cap
Now hiring two new permnaent engineers implies they have some pretty major work coming in.
Not to forget Levi's previous company sold for $230MIL
+Debt free
Source 29th May 2025: Ethernity Networks Ltd (AIM: ENET.L; OTCMKTS: ENETF), a leading supplier of data processing and PON semiconductor technology for networking appliances, is pleased to announce the successful completion of all creditor payments under its previously approved settlement arrangement.This milestone demonstrates the Company's commitment to financial discipline and operational stability. The Company continues to make progress with its commercial strategy, including its FPGA-based UEP solution for both the Wireless and PON markets, as well as the development of its planned ASIC business.
+$1,000,000+ raised
Source 1st May 2025: Ethernity Networks Limited (AIM: ENET.L) (OTCMKTS: ENETF), a leading supplier of data processing and PON semiconductor technology for networking appliances, is pleased to announce a fundraise to raise £800,000 (approximately US$1.06 million)
+$700,000 has come in through contracts in just the first 4 months of the year
Source 23rd April 2025: · In the first four months of 2025, total cash collections are expected to be approximately $700,000.
+Another $1,000,000 due from warrants - awaiting RNS
Source 1st May 2025: Exercise of the Warrants in full (excluding the Broker Warrants) would raise an additional £800,000 for the Company.
+Royalty payments expected to increase in 2025 over 2024 - see RNS.
Source 23rd April 2025: · One of Ethernity's royalty-based customers has successfully completed the initial deployment of several thousand units as stipulated in their agreement. As a result, the Company anticipates an overall increase in royalty payments during 2025 compared to 2024.
+Tier 1 Aerospace Renewal due
Source 13th March 2025: It is anticipated that the contract will be extended by an additional $290,000 to allocate dedicated development resources for additional functionalities beyond the original scope, with implementation planned over the next three months. Combined with the remaining $160,000 from the original contract, the additional $290,000 will bring the total anticipated collection to $450,000 in the near term. The Company anticipates further revenue from the Customer during H2 2025.
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