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Ethernity Net (ENET) Share News

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IN BRIEF: Ethernity Networks extends share issue date in subscription

14th Sep 2023 13:57

Ethernity Networks Ltd - Airport City, Israel-based supplier of data processing semiconductor technology for networking appliances - Says current outstanding balance under the share subscription agreement with investor 5G Innovation Leaders Fund is USD1.4 million. Extends the date by which 5G Innovation can request Ethernity shares to be issued until March 3 next year. All other terms remain unchanged and as announced in late February. Read More

IN BRIEF: Ethernity to move New York shares to Pink Open Market

31st Aug 2023 14:14

Ethernity Networks Ltd - Airport City, Israel-based supplier of data processing semiconductor technology for networking appliances - Shares will cease trading on the OTCQB Venture Market in New York from Friday, instead trading on the Pink Open Market operated by OTC Markets, also in New York. Says primary listing will remain on AIM in London. Ethernity shares were admitted to trading on OTCQB in September last year, with the company saying it decided to transfer to the Pink Open Market "due to the absence of perceived benefits for Ethernity's shareholders from the OTCQB listing, and the excessive resources it entailed". Says US-based shareholders will, via trading on the Pink Open Market, continue to have access to a platform for trading Ethernity shares. Read More

IN BRIEF: Ethernity Networks hails progress on delayed contracts

9th Aug 2023 12:16

Ethernity Networks Ltd - Airport City, Israel-based supplier of data processing semiconductor technology for networking appliances - Provides an update on two contracts previously announced in October 2021, for a wireless backhaul solution, and November 2022, for a broadband wireless access solution. Contracts have a combined value of USD740,000. Company has experienced delays with these contracts, with the customers unable to deliver the required hardware to the company. Says it has now been notified by the two customers that they intend to deliver their prototype hardware during the final quarter of 2023. Once delivery of the hardware has taken place, the company will be able to complete the contracts and invoice for the remaining balance of USD550,000. Contracts are now expected to be fulfilled during the final quarter of 2023 and the first quarter of 2024. Read More

UK shareholder meetings calendar - next 7 days

7th Aug 2023 15:44

Read More

TRADING UPDATES: RentGuarantor loss widens, Journeo revenue soars

1st Aug 2023 14:36

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

TRADING UPDATES: Barryroe hires examiner in bid to avoid liquidation

31st Jul 2023 21:59

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More

IN BRIEF: Ethernity finance chief to step down with mutual consent

26th Jul 2023 10:57

Ethernity Networks Ltd - Airport City, Israel-based supplier of data processing semiconductor technology for networking appliances - Chief Financial Officer Mark Reichenberg to step down after mutual agreement from Monday next week. Says it has begun an internal and external search for a suitable successor and will make a further announcement in "due course". In the mean time, Vice President of Finance Ayala Deutsch will manage CFO duties on an interim basis. Read More

IN BRIEF: Ethernity Networks shares down despite narrowed annual loss

30th Jun 2023 10:46

Ethernity Networks Ltd - Airport City, Israel-based supplier of data processing semiconductor technology for networking appliances - Posts revenue of USD2.9 million for 2022, up 12% from USD2.6 million in 2021. Pretax loss narrows to USD8.0 million from USD9.2 million, as financing income rises to USD1.3 million from USD228,404 a year earlier. Loss before interest, tax, depreciation and amortisation widens to USD6.4 million from USD5.1 million. Looking ahead, notes that first six months of the current year have presented unexpected challenges, due to "delays in expected orders from existing customers". Read More

IN BRIEF: Ethernity Networks shares jump on USD1.5 million order

29th Jun 2023 14:25

Ethernity Networks Ltd - Airport City, Israel-based supplier of data processing semiconductor technology for networking appliances - Receives a USD1.5 million purchase order from an unnamed existing fixed wireless customer to supply the company's processing system-on-chip in staged deliveries during the third quarter of 2023. The payments for the deliveries are also to be received in stages, with the last payment due by the end of the third quarter. Consequently, the order contributes towards the company's revenue targets for 2023. Read More

IN BRIEF: Ethernity Networks says 2023 revenue target "achievable"

8th Jun 2023 17:12

Ethernity Networks Ltd - Israel-based supplier of data processing semiconductor technology for networking appliances - Says it has secured the supply of components required to fulfil deliveries under contracts announced in October 2021 and September 2022. Company had expected USD4.2 million from these contracts would be recognised in 2023. Now thinks that USD3.3 million of the USD4.2 million can be recognised under these contracts in 2023. However, subject to securing the necessary components during the second half of the year, the company still expects to be able to recognise the balance of the USD4.2 million of revenue under these contracts in 2023. Says this will largely contribute to the targeted USD9 million in revenue for 2023 which the directors believe is "achievable." Read More

TRADING UPDATES: Ethernity secures components to fulfil orders

6th Jun 2023 14:07

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More

TRADING UPDATES: Catenae hails court; Golden Metals likes copper find

22nd May 2023 16:10

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More

Ethernity Networks GBP750,000 fundraise, confident of sales visibility

11th May 2023 19:35

(Alliance News) - Ethernity Networks Ltd on Thursday announced plans to raise GBP750,000 via a placing of 25 million shares at 3 pence each. Read More

IN BRIEF: Ethernity Networks' contracts on track to deliver

6th Mar 2023 17:52

Ethernity Networks Ltd - Israel-based supplier of data processing semiconductor technology for networking appliances - Updates on the fulfilment of contracts with an Asian broadband network OEM customer. Read More

UK shareholder meetings calendar - next 7 days

2nd Feb 2023 15:49

Read More

TRADING UPDATES: Baron Oil, Orcadian submit licensing applications

19th Jan 2023 19:43

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

TRADING UPDATES: Active Energy makes progress on CoalSwitch project

17th Jan 2023 14:49

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More

TRADING UPDATES: First Tin gets grant; Shanta Gold hails drill results

28th Nov 2022 21:39

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More

Ethernity takes tech product contract; expects delivery in mid-2023

16th Nov 2022 12:12

(Alliance News) - Ethernity Networks Ltd said on Wednesday it has been selected by an existing customer to provide its data processing system-on chip for the customer's second-generation fixed wireless access base station node product. Read More

AIM WINNERS & LOSERS: Enteq jumps as interim revenue more than doubles

16th Nov 2022 10:48

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More

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