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Hi pwil. They fully diluted and funded (for now).
They have reduced monthly outgoings by a massive amount , they have paid back 1st $400k of $1.6 million debt repayments, I believe this company got ahead of its time.
2022 people in the know knew PON along with funding was gonna kick off in 2024 and grow from here. Julie kunsler knew this back then and her being onboard is a precursor to where this is going.
We have numerous companies that are gonna sink if they don't get onboard with future proofing tech, such as low latency and high and bandwidth, upgrading on the fly tech then they are screwed. Enet can assist many companies with this. To be honest enet's market sector is just taking off.
Morning jimbob if ya talking about skid filter it.
I think he is one of those long term holders who has a busted flush. Says he holds but not a peep of positivity. Reckon he holds at a massive loss and is just angry about his past experiences with enet.
I will give him this bit of advice for free.
The past is history.
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.