10th Feb 2025 09:47
(Alliance News) - EnSilica PLC shares slumped on Monday as its pretax loss widened while chip supply revenue more than doubled.
EnSilica is an Oxford, England-based chip maker of mixed signal application specific integrated circuits.
In the six months to the end of November, revenue fell 3.0% to GBP9.3 million from GBP9.6 million in the previous year.
Pretax loss widened in the same period to GBP1.4 million from GBP309,000.
EnSilica shares were down 12% to 43.05 pence in London on Monday morning.
Cost of sales rose 8.7% to GBP5.8 million from GBP5.4 million.
The company noted that chip supply revenue increased markedly in the period, to GBP2.9 million from GBP1.1 million, with orders secured for GBP6 million of revenue in the full-year.
The company said it has won five design and supply application-specific integrated circuit contracts to generate supply revenue from 2027 onwards.
Chief Executive Officer Ian Lankshear said: "We have made a solid start to 2025, securing a further five design and supply ASICs contracts, and we remain confident of securing additional mandates across the remainder of the financial year.
"Our NRE and chip supply revenues from these new contracts alone are expected to generate a further GBP100 million of revenues over their lifetime, starting from 2027 onwards, further cementing our growing financial base."
By Michael Hennessey, Alliance News reporter
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