RE: Tier 1 US Aerospace March Extension a HUGE endorsement. 100bagger21 May 2025 11:32
I reckon this touches 0.06p again ahead of newsflow.
Then with any good news it goes to 0.10p and beyond.
Remember at 0.10p the market cap is only £5m which is ridiculously low for what the company has.
0.10p is 4x from here.
What does the below tell us:
+What the company has works incredibly well
+What the company has is sought after
+It's worth $million dollar contracts
Further Aerospace extension news coming, as per the last line.
Much more from other industries too no doubt.
Ethernity Networks (AIM: ENET.L; OTCMKTS: ENETF), a leading supplier of data processing semiconductor technology for networking appliances, announces an extension to its $1.05 million contract signed with a Tier 1 U.S.-based aerospace system products provider (the "Customer"), details of which were first announced on 28 June 2024. On 13 March 2025, the Company announced that it anticipated an extension to the project and we are now pleased to confirm that the licensing deal with the Customer has been extended by an additional $290,000, bringing the total contract value to $1.34 million. The additional work will be dedicated to the development of additional functionalities beyond the original scope of the project, with implementation anticipated over the next three months.
The Company anticipates further revenue from the Customer during H2 2025.
"The remaining balance under the Creditor Settlement Plan, of approximately USD 400,000". - Jan 2025 (some of this may have paid off as well ahead of the new raise)
Current trading:
· Following the successful delivery of the $1.05 million contract with the Tier-1 U.S. aerospace customer, Ethernity received an additional order from the customer in March 2025 valued at $290,000.
· In the first four months of 2025, total cash collections are expected to be approximately $700,000.
· 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.
Cash raised in 2025:
US$1.06 million + £88,750
We can therefore deduce:
+Creditor settlement plan now fully repaid and debt free.
+Well capitalised, more so than anytime in the past 12 months with excess cash from aerospace contract extension + current trading + money raised.
"The remaining balance under the Creditor Settlement Plan, of approximately USD 400,000". - Jan 2025 (some of this may have paid off as well ahead of the new raise)
Current trading:
· Following the successful delivery of the $1.05 million contract with the Tier-1 U.S. aerospace customer, Ethernity received an additional order from the customer in March 2025 valued at $290,000.
· In the first four months of 2025, total cash collections are expected to be approximately $700,000.
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