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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.

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TrickyEFC Premium Member

Posts: 9,574

Price: 0.90

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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".

Great work Tradework.

Low number of trades, and as is the way with AIM, the SP drops. Traders go wandering.

SKID

Very knowledgeable on such matters.... thanks

SKID

"Decent sales people should be $300-400k all in but are worth their weight in gold"

Did you mean these values?

$300k ..£240k

$400k ...£320k

Seems very high to me, just asking ?

SKID

Using RNSs...

Are you correct?

Etherniy Networks (AIM: ENET.L; OTCQB: ENETF), a leading supplier of data processing semiconductor technology for networking appliances, announces that by mutual agreement, Mark Reichenberg, Chief Financial Officer, will be stepping down from the Board with effect from 31 July 2023.

The Board has commenced an internal and external search for a suitable candidate for the role of Chief Financial Officer and the Company will make a further announcement in due course. In the interim period, Ayala Deutsch, Vice President of Finance, will manage the CFO duties.

Another demo to show their wares.

https://www.fierce-network.com/wireless/look-its-tarana-tree

March 4, 2024

At Tarana, we like to say, “Seeing is believing,” and we love it when our customers put this to the test. Recently, an integrator named WISP Services decided to perform a head-to-head comparison between Tarana’s Gigabit 1 (G1) and another system we’ll refer to here as Vendor C. The goal was to determine the best coverage and throughput in a typical rural environment.

As part of the testing, they discovered that Tarana’s G1 delivered up to 10x the download performance of Vendor C’s equipment. G1 could also connect in two locations where Vendor C could not get a link.

https://www.taranawireless.com/g1-head-to-head-with-the-competition/?utm_content=289777677&utm_medium=social&utm_source=linkedin&hss_channel=lcp-371069