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What's revealing about the information from yesterday is the similarities in some of the product. With specific function added or reconfigured. This really drives down time to market, R&D and cost.
There are several references to DU contracts with router. Whilst it's obvious that there are contracts with this work the market has not specifically been informed of the fact or the terms.
Deployment of the DU in the US is early 2022 which really puts further disclosure near term as production orders will be 6 months ahead.

I am surprised that we didn't end blue today. I have read the release several times and I am not finding anything negative that we didn't know. Even the reduced revenue expectation of H2 which was suspected was to allow for funding in 2022. As we now know they are fully funded and the 2021 revenue is now coming a few months later. However the Indian contract has now produced the product to the Ethernity lab for testing.
Reading the words it is clear that they are expecting the current contracts to increase and new Contracts to reach commitment soon. It's also clear that they have many contacts that are potential contracts.
The time to deployment is much shorter on the current path and deployments are looming in the US and Europe.
I am seeing a company in a period of change. It's evident in the change of margin that they now fully on the new route to market. I expect to see exponential growth moving forwards and many new contracts produced from the contracts already established.

Enough information for a steady rise in the share price. Absolutely Ethernity needs to spread this news and create some real engagement.

They are extremely focused

I think that Ethernity have made a Strategic withdrawal after Fiberhome was listed by the US. They have an OEM using aceNIC in their deployments. The Chinese Telecom I don't know what is happening. I am expecting most of the business in the US and Europe.

This is effectively a new company with years of experience. Looking forward Q on Q and H on H we can expect increasing numbers

Really the only thing you need to know

"During 2022 and beyond, the Company anticipates generating revenues from its DU Router-on-NIC and UPF, with significant year-on-year revenue growth anticipated from product orders and contracts already signed, in particular our long-term contracts for Fixed Wireless Access, UEP-60 (with further potential upside from UEP-20) and our Indian OEM contract, demonstrating positive momentum and growth from product sales. Resulting from the new contracts and orders, and notwithstanding the delays as mentioned above, the Company is satisfied that is has sufficient financial resources to meet its ongoing obligations and operating requirements for 2022"

That's how I see it Dallo. It's worth reading it several times. It's stated that they expect contracts and sales.
I think contract and sales new will be met with increasing enthusiasm and progress is near term. I am surprised that this report came so early. I suspect that they are using the August lull in Israel to get this out of the way before leaving for the US.
I don't think that we'll be waiting long to hear more.
I was quite happy on first reading and surprised the MMs got it so wrong.
I see no reason for this not to move higher into the flagged increase in revenue.

Uhif did that take a while to fill. I think that the MMs got this wrong on open and will get a beating.
Although a few were mugged or mugged themselves in the rush to leave.

This statement is extremely significant and exactly what they need to be telling a wider audience.

"The Directors believe that the current signed contracts and orders received and expected, along with the many other ongoing customer discussions, show that our differentiated, unique and value-added system solutions can capture significant interest in this open RAN market. With our main goal of becoming a supplier of customised and differentiated system solutions as compared to the legacy model of FPGA code licensing, which we have achieved by offering not just the FPGA code, but also the software application and complete system solution, we have elevated our offerings in the value chain. This focused and comprehensive strategy allows us to capture multiple times more revenue per unit as compared to that which can be derived from only selling FPGA code"

On IG I can sell 25k at 40p. Big buys in the wings

2000 on IG. I suspect that we'll see a blue finish today. I believe that a couple of sizeable buy orders sit unfilled.

So the Ethernity DU to become the de facto open DU solution as I discussed last week. This falls nicely into line with how I see it progressing.
UEP will attract immediate sales and supported today by the RNS. Ethernity and the Indian OEM has a global production agreement in place already. Although delayed on the expectation of last year they are obviously progressing with the product now complete.

Yes Bid. Some I suspect thought that they could trade a few and drop their average. We'll see some buyers now. The report was mainly positive and although the detail was very light they explained their strategy. They now need to push that through a video and some investor roadshows. Lots of things to talk about.

This is a really as a really significant statement

"fabrication of the UEP-60 product has now been completed by the Indian OEM and was delivered by them to our lab for integration during August 2021. The customer has multiple engagements with operators and government agencies, and subsequent to our delivery and testing of the working product, expects significant deployment from 2022 onwards"

UEP and DU are the stars right now and will drive revenues for 2022. As we know Tarana have many large deployments looming and we can expect a substantial increase in production orders.
2022 is shaping up to deliver another huge jump in revenue. Even with the disclosed expectation for full year 2021 the company has made huge strides in a very new market with new products that have gained plenty of traction.

So we'll see panic sellers on the open and buyers coming in mid morning onwards. Tedious really

MMs. Split on the RNS 38-40 on open

Everybody is hit by the chip shortage it's a universal challenge however Ethernity have a supply and a good relationship with Xilinx.

Bid I see 35-40 so far but this RNS has many more plus than minus. The big one being fully funded through 2022 so that is on a operational level fully funded beyond as we can clearly see significant income in 2022.
Withdrawing completely from the fpga code market shows huge confidence and although it has cost business in the short term it allows focus on the goal.
Reading this I see all the right messages they just need to spread the news much wider.

Not so good Bid? I don't think that there are any surprises. It's the nature of this business.

"The Company believes that its vRouter offload for DU that was initially introduced to the market by Ethernity, has the potential to become a standard requirement for large DU open RAN-based deployment"

The main takeaway for me from that.
I hope that they now start to spread the message that they have severed dependency on the fpga code business and are fully committed to the solution delivery.
The drop in revenue expectation is down to the fact that payments from the DU is 2022. I am expecting a $2m contract payment from engagement with the first vendor. I was hoping that it would be Q4 but it will be a few months longer now.
I have been told to expect 3 initial contracts each with a large engagement payment. One contract however was described as advanced.
Fully funded for 2022 tells us that there are significant revenues coming as with the reduced H2 figures it would have been tight in the spring.
Obviously we know that not many people look at these results. They have painted a picture of increasing sales and an increasing market. They need to now start disclosing this to a wider audience.
The interims were early because of the fierce schedule of events looming in the US

I wonder if the 15000 seller is 5g IF. Seems to be forming a bit of a pattern.

James possibly however we have suggestions of delays in India which is just one part. Then we have +50% from Tarana. We don't know how they offset eachother.
Really even if just one other converts to a engagement payment or sales we'll walk $6m.
Conversion to revenue
I would normally agree 18 months is ballpark. What we need to remember now is that Ethernity no longer project solutions they have them ready-made and deployable extremely quickly. At the other end we now have deployments within an ecosystem and they have a timeline.
Certainly aceNIC 100 has been tested and trialed many times and performance is determined so only adaption scenarios need to course.
I think that there's huge pressure on integrators now and that transfers to rapid mass deployment.
I am seriously questioning Ethernity supply chain now as being the potential brake on the next 12 months.