Ethernity Networks Ltd (ENET)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

0.13p
   
  • Change Today:
      0.005p
  • 52 Week High: 1.63
  • 52 Week Low: 0.12
  • Currency: UK Pounds
  • Shares Issued: 1,000.00m
  • Volume: 41,947,827
  • Market Cap: £1.25m
  • RiskGrade: 393
  • Beta: 0.79

Ethernity confident despite delay in US aerospace contract approval

By Josh White

Date: Monday 02 Sep 2024

LONDON (ShareCast) - (Sharecast News) - Data processing and semiconductor technology provider Ethernity Networks updated the market on its $1.05m contract with a tier-one US-based aerospace system products provider on Monday.
The AIM-traded firm said the contract, initially announced on 28 June, would see Ethernity licence its silicon-tuned software to enable specific networking functions on the customer's platform.

It said the project was currently awaiting approval from the US government - a standard requirement for aerospace-related initiatives.

Although there had been an unexpected delay in the approval process, both Ethernity and the customer were reportedly confident that the approval will be granted soon.

In preparation, Ethernity said it had already delivered the initial project milestones, as the deliverables were integral to its UEP switch/router offering and required no special development.

Once the government approval was received, it would trigger an immediate payment of 40% of the contract's total value.

Additionally, Ethernity said its technical teams had been actively working with the customer's personnel, providing training and familiarisation with the technology to ensure a smooth and accelerated development process once the project received the necessary clearance.

At 1120 BST, shares in Ethernity Networks were down 5.81% at 0.49p.

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.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ENET Market Data

Currency UK Pounds
Share Price 0.13p
Change Today 0.005p
% Change -3.85 %
52 Week High 1.63
52 Week Low 0.12
Volume 41,947,827
Shares Issued 1,000.00m
Market Cap £1.25m
Beta 0.79
RiskGrade 393

ENET Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.57% above the market average79.57% above the market average79.57% above the market average79.57% above the market average79.57% above the market average
39.13% above the sector average39.13% above the sector average39.13% above the sector average39.13% above the sector average39.13% above the sector average
Price Trend
97.58% below the market average97.58% below the market average97.58% below the market average97.58% below the market average97.58% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
27.80% above the market average27.80% above the market average27.80% above the market average27.80% above the market average27.80% above the market average
4.35% below the sector average4.35% below the sector average4.35% below the sector average4.35% below the sector average4.35% below the sector average

ENET Dividends

No dividends found

Trades for 13-Dec-2024

Time Volume / Share Price
15:58 665,023 @ 0.12p
15:22 993,402 @ 0.12p
13:56 2,773,460 @ 0.12p
13:54 1,199,961 @ 0.13p
13:54 1,199,961 @ 0.13p

ENET Key Personnel

CEO David Levi
CFO Tomer Assis

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