EnSilica (ENSI)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

57.33p
   
  • Change Today:
    -0.17p
  • 52 Week High: 75.50
  • 52 Week Low: 30.50
  • Currency: UK Pounds
  • Shares Issued: 85.01m
  • Volume: 6,093
  • Market Cap: £48.74m

EnSilica upbeat as strong trading continues

By Josh White

Date: Thursday 24 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Chipmaker EnSilica said in an update on Thursday that the strong trading it experienced in the year ended in May had continued through the new financial year.
The AIM-traded firm, which was holding its first annual general meeting as a public company, reaffirmed that it was set to meet market expectations for the year ending 31 May, which were upgraded after its full-year results announcement in mid-October.

Executive chair Mark Hodgkins told shareholders that the performance was underpinned by EnSilica's "focussed" business strategy, and its track record of innovation and service excellence.

"This has culminated in contract momentum, including a significant contract win announced on 25 July with a leading European industrial original equipment manufacturer (OEM), all of which is supported by ongoing new business development."

To further capitalise on that market opportunity, Hodgkins said the group had continued to strengthen its sales and marketing efforts, appointing Peter Jeutter as its new vice-president of worldwide sales, and agreed new sales partnerships with Quantum Leap Solutions covering North America, and Cedar Technologies covering the UK, Nordic regions and Poland.

"In addition, our executive team remains focused on both retaining and attracting talent, as well as expanding our operational base.

"Alongside hiring an ASIC implementation team, composed of six skilled engineers, we have also opened our new Bristol facility, which the directors believe will provide a strong platform to further attract talent in the area.

"The board is mindful of the broader macroeconomic climate, however, given the group's sizeable order book and prospects pipeline, supported by a variety of blue-chip customers across the automotive, industrial, healthcare and satellite communications markets, the directors continue to believe the company is well placed for further growth."

At 1342 GMT, shares in EnSilica were up 5.87% at 79.4p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

EnSilica Market Data

Currency UK Pounds
Share Price 57.33p
Change Today -0.17p
% Change -0.29 %
52 Week High 75.50
52 Week Low 30.50
Volume 6,093
Shares Issued 85.01m
Market Cap £48.74m

EnSilica Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.91% below the market average78.91% below the market average78.91% below the market average78.91% below the market average78.91% below the market average
90.91% below the sector average90.91% below the sector average90.91% below the sector average90.91% below the sector average90.91% below the sector average
Price Trend Not Available
Income Not Available
Growth
61.99% above the market average61.99% above the market average61.99% above the market average61.99% above the market average61.99% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average

EnSilica Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
09:01 200 @ 58.00p
09:01 2 @ 57.00p
08:25 1 @ 57.70p
08:24 2,123 @ 57.11p
08:23 69 @ 57.70p

EnSilica Key Personnel

CEO Ian William Ernest Lankshear

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