Member Info for flava

Ethernity Networks is a company with a strong track record of innovation and a bright future, with a revenue of US$3.8m and a gross margin of 68% in 2023.

Key Achievements

✅The Company has made significant progress in developing and commercializing its Universal Edge Platform ("UEP") fibre access offering and 5G Open RAN data plane offload solutions.

✅The Company has strengthened its balance sheet through the completion of a NIS 1,000,000 short term loan from David Levi, CEO of Ethernity.

✅The Company has reduced its monthly operating expenses by over 50%.

Here is a summary of the full year trading update for Ethernity Networks:

✅ Revenue is expected to be between US$3.6m and US$3.8m, up from US$2.97m in 2022.

✅ Underlying gross profit is expected to be between US$2.4m and US$2.6m, representing an underlying gross margin of 67%-68%, up from 54% in 2022.

✅ EBITDA loss is expected to be not more than US$3.8m, compared to an EBITDA loss of US$6.4m in 2022.

✅ Monthly operating expenses have been reduced from US$660k in June 2023 to US$300k in December 2023.

✅ The Company's current cash balance is c. US$954k.

✅ The Company is considering options to raise additional funding to strengthen its balance sheet.

✅ The Company's strategic focus for 2024 will be on enhancing sales of its Universal Edge Platform ("UEP") fibre access offering, including the low power remote OLT and optical interworking units, as well as its 5G Open RAN data plane offload solutions.

✅ The Company's UEP employs the ENET Flow Processor firmware with best-in-class Carrier Ethernet Switch technology that, to date, has been deployed in more than 950,000 different systems.

✅ The global market for Carrier Ethernet Access devices was estimated to be valued at US$17.2 billion in 2022[1] and several OEMs are currently evaluating the Company's UEP.

✅ An updated version of the Ethernity's corporate presentation, providing further background to the Company's target markets and solutions in these markets, will shortly be available on the Company's website, www.ethernitynet.com/investors.

Just witness the explosive close as 2p becomes a relic of the past. Bring on the AGM, and we'll be soaring to 5p+

Pumpky is doing a great job. it's going to be 2p + close today.

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

Sarawak Drilling Crew Letter of Intent

Upland Resources Limited (LSE: UPL) is pleased to announce that, further to the announcement made on 28th July 2023, the company has now signed a specific Letter of Intent (LOI) for the provision of specialist drilling crew services with an established and proven partner Vanguard Drilling Limited.

As we finalise rig selection for Block SK334, Vanguard Drilling bring extensive experience in new generation onshore drilling, complementing our team as we complete the next steps.

Bolhassan Di, Upland Chairman and CEO commented:

"This is a significant step forward for the company, we are making tangible progress and laying strong foundations towards our intended drill campaign. We look forward to increased market engagement as we scale up operations on Block SK334 in Sarawak."

25 May 2023 07:00

RNS Number : 5619A

Ethernity Networks (AIM: ENET.L; OTCQB: ENETF), a leading supplier of data processing semiconductor technology for networking appliances, today announced that it has varied the exercise price of its outstanding warrants from 15p to 6p per new ordinary share in the Company ("Ordinary Share").

The Company believes that the variation of the exercise price is in the best interests of all shareholders as it will make it more likely that the warrants will be exercised, generating additional cash for the Company. The variation of the exercise price is also consistent with the Company's strategy of increasing its share capital and improving its financial position.

The exercise price of the Warrants has been varied from 15p to 6p per Ordinary Share.

The Warrants have an expiry date of 8 February 2025.

The variation of the exercise price is in the best interests of all shareholders.

The variation of the exercise price is consistent with the Company's strategy of increasing its share capital and improving its financial position.

Related Party Transaction

David Levi and Shavit Baruch, two of the Company's directors, hold 3,028,571 and 668,771 Warrants respectively. The variation of the exercise price of the Warrants held by the Directors constitutes a related party transaction under the AIM Rules for Companies. The independent directors of Ethernity consider that the terms of the transaction are fair and reasonable insofar as the Company's shareholders are concerned.

I think 5G is out now. If this is the case, then there are no sellers in the background, and it can break 2p plus today.

Nice to see fellow investors have taken a liking to the post. Let's have a fantastic week ahead, with plenty of news incoming. GLA.

November Operational Update

Argo Blockchain plc, a global leader in cryptocurrency mining (LSE: ARB; NASDAQ: ARBK), is pleased to provide the following operational update for November 2023.

During the month of November, the Company mined 145 Bitcoin or Bitcoin Equivalents (together, "BTC"), or 4.8 BTC per day. The Company was able to increase its daily BTC production in November by 5% compared to the prior month, despite a 9% increase in the monthly average network difficulty in November compared to October.

Mining revenue in November 2023 amounted to $5.30 million, an increase of 25% compared to the prior month (October 2023: $4.26 million). The increase in revenue was driven primarily by the increase in the price of Bitcoin. As of 30 November 2023, the Company's HODL remained at 21 BTC.

Let's try again https://shorturl.at/puwXY

if you're seeking constructive discussions and real information, please join the enet telegram group *************+py-rbcvli4njmtfk

let's leave behind the lse trolls spreading misinformation and focus on obtaining the latest updates and engaging in meaningful conversations.

Ethernity Networks (AIM: ENET), a leading supplier of data processing semiconductor technology for networking appliances, is pleased to announce that it has secured additional contracts that will significantly boost its cash flow in the fourth quarter of 2023.

As a result of these contracts, the company expects to generate total cash collections of between $1.5 million and $1.7 million in Q4 2023. This brings Ethernity's total cash collections for FY 2023 to between $4.5 million and $4.7 million.

The company's strong cash flow performance is further supported by its recent financial results. In the first half of 2023, Ethernity generated cash collections of $1.232 million, while its third-quarter cash collections reached $1.768 million.

The company's improved financial performance is due in part to two recent contracts that it has secured in November 2023. The first contract, worth $550,000, was announced on November 2nd. The second contract, worth $800,000, was announced on November 29th.

These two contracts, along with other ongoing contracts, have allowed Ethernity to significantly reduce its cash overhead costs. In the first half of 2023, the company's cash overhead costs were $2,300,000. However, in the third quarter of 2023, the company's cash overhead costs were reduced to $1,500,000.

As a result of these factors, Ethernity is now on track to generate cash for the full year of 2023. The company expects to generate cash collections of $1,500,000 to $1,750,000 in the fourth quarter of 2023. This will bring the company's total cash collections for 2023 to between $4.7 million and $5.2 million.

The company is also optimistic about its prospects for 2024. The company expects to receive cash from its Tarana orders in the first quarter of 2024. The company also expects to complete the development of its G2 and UEP Europe technologies in the first half of 2024. These developments are expected to further boost the company's cash flow.

Overall, Ethernity Networks is in a strong financial position and is well-positioned for growth in 2024 and beyond. The company's recent contract wins and improved financial performance have given investors renewed confidence in the company's future prospects

This was 50p 2 years ago and 10p level at the start of this year.

4.7p paid couple of weeks ago!

Significant contract win news is huge for this company. No one expected this news, especially since we had a contract win with a Tier 1 military aerospace customer on November 2nd. An extended license contract valued at $475,000 has been signed, and the contract is expected to be fulfilled in Q4 2023.

Yesterday's contract win is valued at $800,000.

Expansion of existing license to cover a wider range of products which should increase future annual royalties

Entire amount expected to be collected in Q4 2023

As a result of this contract, total cash collection for Ethernity is expected to total:

$1.5m to $1.7m during Q4 2023; and $4.5m to $4.7m for FY 2023

It's a double top-up time for me.🤞

He's connected to Mr David Levi ✍🏻

This person keeps buying, and hopefully, TR1 news is incoming. https://x.com/SchmidtUk/status/1730563071440048534?s=20

Checked his LinkedIn page, and guess what? I couldn't believe it! 😗😗😗

Still patiently awaiting this to bounce off. 🤞

I don't normally agree with MAJWandCo. on everything, but he has been quite right recently with his calls, and I do have to give him credit for that. Sometimes we agree to disagree, but that's life, and everyone has their own opinion. I wouldn't worry too much about price fluctuations unless you're not holding for the long term. GLA.

First buy was at 12p, then small top-up along the way so now I'm 30% down. Don't rub salt in the wound.