Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Nice one SKID
Customer has a need that's not quite off the shelf
ENET with its skill base and product base
Suggests
PAY NOW for R&D and ORDER LATER
Both customer and ENET.... WIN
Customer gets desired product and ENET gets revenue.
Basically customers pay upfront or in installments and when work is complete and the customer is satisfied then comes the order or orders.
April 16th RNS
"THe options will be granted once the Company is no longer in a closed period, following the publication of the Company's annual report and accounts for the year ended 31 December 2023. A further announcement will be made at that time."
The options have an exercise price of 1.5p
For the directors to make any money the SP needs to be above 1.5p.
Bit of infill
https://youtu.be/iAB56P0JOr8?si=NdW4dQ8SD1v5P0Ke
Good thinking and advice ... you have never lost until you sell but the waiting is frustrating
Like it or not SKID says it as he sees it a d from a long term perspective. I actually do applaud him for his knowledge and his personal honesty.
However, as new kids on the block, be gracious and understand his perspective.
As new kids on the the block we have averages that are nothing like the LTHs.
Read his comments but also thoughtful of why you bought in and the price you bought in at.
I still have an overarching confidence in the new appointments, Tarana, the Tier 1 US military components company, the removal of TSP, the negotiated and accepted phased plan to pay the Creditors. PON with Kunstler on board and marketing with Tevet on board are Keystones for new contracts.
I am staying.
"Based on the scopes of work being discussed with potential new customers, Ethernity expects to secure new contracts for our Carrier Ethernet and PON technology, generating approximately $2.2- $3 million in incremental non-recurring ENGINEERING (NRE) revenue in 2024 on top of our established "
More precise wording, than previous, suggesting the deal(s is/are very close to signing off.
Carrier Ethernet and PON technology is a key focus for the company.
Julie Kunstler is a PON expert with a very large contact base.
Ilan Tevett is a marketing and business development expert
These guys are here, with ENET, for a reason...."GROWTH"
The team is going over to America for a major conference Network X and David Levi speaks May 22nd 2024 and ENET is a Silver Sponsor of the event.
How nice it would be to go to the event with contract(s) signed.
Dotting the i's and crossing the t's, in play, imo
Significant rise in MCAP on the cards, after contracts are signed and announced.
Shorter version
"Based on the scopes of work being discussed with potential new customers, Ethernity expects to secure new contracts for our Carrier Ethernet and PON technology, generating approximately $2.2- $3 million in incremental non-recurring engineering (NRE) revenue in 2024 on top of our established "
More precise wording, than previous, suggesting the deal(s is/are very close to signing off.
Carrier Ethernet and PON technology is a key focus for the company.
Julie Kunstler is a PON expert with a very large contact base.
Ilan Tevett is a marketing and business development expert
These guys are here, with ENET, for a reason...."GROWTH"
The team is going over to America for a major conference Network X and David Levi speaks May 22nd 2024 and ENET is a Silver Sponsor of the event.
How nice it would be to go to the event with contract(s) signed.
Dotting the i's and crossing the t's, in play, imo
Significant rise in MCAP on the cards.
"Based on the scopes of work being discussed with potential new customers, Ethernity expects to secure new contracts for our Carrier Ethernet and PON technology, generating approximately $2.2- $3 million in incremental non-recurring engineering (NRE) revenue in 2024 on top of our established "
More precise wording, than previous, suggesting the deal(s is/are very close to signing off.
Carrier Ethernet and PON technology is a key focus for the company.
Julie Kunstler is a PON expert with a very large contact base.
"Julie Kunstler has over 30 years' experience in the communications components, equipment, and software industry, having served as an executive, venture-fund investor, analyst, and board member. Most recently, Julie held the position of Chief Analyst - Broadband Access Intelligence Service for Omdia (a division of Informa Tech), covering the fixed broadband access industry ecosystem. Prior to joining Omdia, Julie served as VP Business Development for Teknovus, a venture-backed broadband access PON (Passive Optical Network) chip start-up, where she assisted with fundraising, corporate strategy, OEM agreements, and its acquisition by Broadcom"
Ilan Tevett is a marketing and business development expert
"Ilan brings with him over 25 years of diverse experience, encompassing key positions in Sales, Business Development, Product Management, and Marketing. Throughout his career, Ilan has focused on hardware, software, and SaaS networking and security solutions for communication service providers, utilities, and government organizations, cultivating enduring and profitable relationships with technology partners.
Most recently, Ilan served as one of the founding members and Chief Marketing Officer of Iron Nation, an emergency venture capital fund established to support Israeli startups affected by the conflict with Hamas. Prior to that, he spent six years as Vice President of Marketing and Business Development at RAD, a global leader in access solutions."
These guys are here, with ENET, for a reason...."GROWTH"
The team is going over to America for a major conference Network X and David Levi speaks May 22nd 2024 and ENET is a Silver Sponsor of the event.
How nice it would be to go to the event with contract(s) signed.
Dotting the i's and crossing the t's, in play, imo
Significant rise in MCAP on the cards.
ReplyRecommend (3)Report Post
TrickyEFC Premium Member
Posts: 9,574
Price: 0.90
No Opinion
New board new plan of attack20 Apr 2024 17:45
Outlook
While 2023 presented its share of challenges, Ethernity successfully finalised its UEP as a complete system product. This marks a significant step forward, enabling us to evolve beyond offering just FPGA SoCs and provide comprehensive solutions which all integrate ENET implementation of FPGA SoC, hardware and software application. This shift empowers our customers to achieve faster time-to-market and accelerate revenue generation. Previously, de
"Based on the scopes of work being discussed with potential new customers, Ethernity expects to secure new contracts for our Carrier Ethernet and PON technology, generating approximately $2.2- $3 million in incremental non-recurring engineering (NRE) revenue in 2024 on top of our established "
More precise wording, than previous, suggesting the deal(s is/are very close to signing off.
Carrier Ethernet and PON technology is a key focus for the company.
Julie Kunstler is a PON expert with a very large contact base.
"Julie Kunstler has over 30 years' experience in the communications components, equipment, and software industry, having served as an executive, venture-fund investor, analyst, and board member. Most recently, Julie held the position of Chief Analyst - Broadband Access Intelligence Service for Omdia (a division of Informa Tech), covering the fixed broadband access industry ecosystem. Prior to joining Omdia, Julie served as VP Business Development for Teknovus, a venture-backed broadband access PON (Passive Optical Network) chip start-up, where she assisted with fundraising, corporate strategy, OEM agreements, and its acquisition by Broadcom"
Ilan Tevett is a marketing and business development expert
"Ilan brings with him over 25 years of diverse experience, encompassing key positions in Sales, Business Development, Product Management, and Marketing. Throughout his career, Ilan has focused on hardware, software, and SaaS networking and security solutions for communication service providers, utilities, and government organizations, cultivating enduring and profitable relationships with technology partners.
Most recently, Ilan served as one of the founding members and Chief Marketing Officer of Iron Nation, an emergency venture capital fund established to support Israeli startups affected by the conflict with Hamas. Prior to that, he spent six years as Vice President of Marketing and Business Development at RAD, a global leader in access solutions."
These guys are here, with ENET, for a reason...."GROWTH"
The team is going over to America for a major conference Network X and David Levi speaks May 22nd 2024 and ENET is a Silver Sponsor of the event.
How nice it would be to go to the event with contract(s) signed.
Dotting the i's and crossing the t's, in play, imo
Significant rise in MCAP on the cards.
Ethernity Networks will have presence
Etherity Networks are a Siver Sponsor.
David Levi is a speaker on a panel of fou
"Feasting on Fibre and PON"
Julie Kunstler, PON expert, and officially a ENET NED I am sure will be there adding to the ENET profile.
This is a large gathering for networking.
ENET has a PON infrastructure in place within its product range. I suggest Ilan Tevett will also be present to market the products, as he was at the recent WIZZAmerica conference.
David Levi speaking
Check it out.
https://tmt.knect365.com/light-reading-network-x-americas/speakers/david-levi/
Margins
The gross margin percentage increased to 61.9% in 2023 from 54.4 % in 2022 reflecting an increase of 7.5 percentage points which is mainly attributed to the increased licensing revenues which carry a 100% profit margin.
The signals for growth are there after stabilising the company.
Need to break 1.2p first
1 month high 1.3p
13 week high 2.0p
52 week high 6.95p
Onwards from here
This momentum positions us for significant future growth as our OEM partners leverage our solutions to win market share and generate revenue for themselves. We anticipate this will translate into substantial new revenue opportunities for Ethernity in 2025.
Ethernity expects to secure new contracts for our Carrier Ethernet and PON technology, generating approximately $2.2- $3 million in incremental non-recurring engineering (NRE) revenue in 2024 on top of our established business.
Outlook
While 2023 presented its share of challenges, Ethernity successfully finalised its UEP as a complete system product. This marks a significant step forward, enabling us to evolve beyond offering just FPGA SoCs and provide comprehensive solutions which all integrate ENET implementation of FPGA SoC, hardware and software application. This shift empowers our customers to achieve faster time-to-market and accelerate revenue generation. Previously, deploying products based on our FPGA SoCs typically took 18 months. With the UEP all integrated system, the time to revenue or deployment from sign-off can be dramatically reduced to just six months. This enhanced efficiency positions Ethernity to capitalize on planned customer wins and drive near-term growth.
By transitioning to a system-based approach, Ethernity unlocks significant value for a broader customer base. Our comprehensive solutions, combining powerful FPGA SoCs with Ethernity's semiconductor expertise and application software, eliminate the need for in-house product development by our customers. This empowers companies without extensive engineering resources to leverage our technology and quickly launch their own solutions. This strategic shift positions Ethernity to strengthen its market position, expand its OEM customer base, and attract new partners who can significantly contribute to our revenue growth.
Based on the scopes of work being discussed with potential new customers, Ethernity expects to secure new contracts for our Carrier Ethernet and PON technology, generating approximately $2.2- $3 million in incremental non-recurring engineering (NRE) revenue in 2024 on top of our established business. This momentum positions us for significant future growth as our OEM partners leverage our solutions to win market share and generate revenue for themselves. We anticipate this will translate into substantial new revenue opportunities for Ethernity in 2025.
David Levi
Chief Executive Officer
19 April 2024
Outlook
Since the beginning of 2024, the Company appointed a highly experienced and knowledgeable VP Marketing and a talented and professional new CFO. In addition, two External Directors have joined the board, bringing deep know-how in finance, marketing, and strategy.
With a robust technology and IP foundation, a diverse portfolio of products and services, an efficient R&D structure, and recent additions of professional talent, the Company is now better positioned than ever to face the future and capitalize on the growing market opportunities.
Yosi Albagli
Chairman
So pleasing to read.
Pushing forward and getting this out to the market so soon. ENET could have held off until June but realise the significance of their work.
Well done David Levi and his team to get this RNS out, NOW on APRIL 19th 2024.
Doubters will still doubt, as is their way.
These figures show that the TSP process gave a breathing space yet a place for action.
The BOD will take the company to new levels of increased MCAP.
Yes my cup is half glass full , without doubt.
Ethernity Networks Ltd.
("Ethernity" or the "Company")
Results for the Year Ended 31 December 2023
Ethernity Networks Ltd (AIM: ENET.L; OTCMKTS: ENETF), a leading supplier of data processing semiconductor technology for networking appliances, today announces its audited results for the year ended 31 December 2023.
Highlights
· FY 2023 revenue of $3.8 million represents 29% growth vs. 2022 revenues (2022: $2.9 million).
· FY 2023 cash collections from customers amounted to $4.9 million.
· Gross profit increased by 46% to $2.3 million (2022: $1.6 million).
· Operating loss decreased from $8.7 million in 2022 to $5.3 million in 2023 reflecting a decrease of 27%.
· EBITDA loss for 2023 decreased by 47% to $3.9 million (2022: $7.3 million).
· EBITDA loss for H2 2023 decreased by 74% to $0.8 million from $3.1 million in H1 2023.
· Net cash funds raised during the year amounted to $3.6 million.
· Cash at 31 December 2023 of $2 million (31 December 2022: $0.7 million)
David Levi, Chief Executive, said "During this past year, we achieved significant growth in revenue and gross margin, with a major turnaround in the second half. This success came despite facing headwinds from the global economic climate. Based on the scopes of work being discussed with potential new customers, Ethernity expects to secure new contracts for our Carrier Ethernet and PON technology, in incremental non-recurring engineering (NRE) revenue in 2024 on top of our established business. This momentum positions us for significant future growth as our OEM partners leverage our solutions to win market share and generate revenue for themselves. We anticipate this will translate into substantial new revenue opportunities for Ethernity in 2025".