Ethernity Networks Ltd (ENET)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

0.14p
   
  • Change Today:
    -0.023p
  • 52 Week High: 1.63
  • 52 Week Low: 0.12
  • Currency: UK Pounds
  • Shares Issued: 902.23m
  • Volume: 225,093,991
  • Market Cap: £1.22m
  • RiskGrade: 393
  • Beta: 0.79

Ethernity Networks gets US govt approval for $1.05m aerospace contract

By Michele Maatouk

Date: Tuesday 10 Sep 2024

LONDON (ShareCast) - (Sharecast News) - AIM-listed Ethernity Networks said on Tuesday that it has been granted US government approval for a previously-disclosed $1.05m US aerospace contract.
The licensing deal with a Tier-1 US aerospace vendor, which had already been announced, involves Ethernity delivering its silicon-tuned software to enable specific networking functionalities on the customer's unique platform.

"As is customary for similar aerospace initiatives, the US Government reviews and approves foreign suppliers who are delivering IP to such projects," Ethernity explained.

"We are now happy to update that the project has been granted US Government approval, and will shortly move to the implementation phase, triggering immediate payment in respect of the milestones that have already been delivered by the company, representing 40% of the contract value."

At 1410 BST, the shares were up 19.4% at 0.37p.

Ethernity is a supplier of data processing semiconductor technology for networking appliances.

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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 0.14p
Change Today -0.023p
% Change -14.56 %
52 Week High 1.63
52 Week Low 0.12
Volume 225,093,991
Shares Issued 902.23m
Market Cap £1.22m
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
77.59% above the market average77.59% above the market average77.59% above the market average77.59% above the market average77.59% 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
98.07% below the market average98.07% below the market average98.07% below the market average98.07% below the market average98.07% 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
27.51% above the market average27.51% above the market average27.51% above the market average27.51% above the market average27.51% 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 04-Dec-2024

Time Volume / Share Price
16:24 759,153 @ 0.13p
16:23 1,488,129 @ 0.14p
15:59 476,190 @ 0.14p
15:43 3,050,021 @ 0.14p
15:43 200,000 @ 0.14p

ENET Key Personnel

CEO David Levi
CFO Tomer Assis

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