'the Company is in the contract negotiation stage for a further 3 design and supply contracts with NRE worth £11.1 million which are expected to be signed by the end of the year, these contracts are supported by significant upfront payments.' |
Reiterated revenues rising to £30m this year and EBITDA of £5m.
3 further contract wins expected before year end with NRE worth £11.1m. |
Accounts pretty much as expected, cash flow negative when the cap raising is stripped out, small accounting profit when I expected a small loss. At least clear now that 2025 revenue is 35% not coming from the current pipeline and needs new contracts. So probably needs £40 m of contracts to get the up front, given most is backended. Obvious now why there were no dates in the presentation plan.Also with no headcount movement they can't really afford to keep the expenses increasing at that rate if they are going to become profitable. |
rimau1,
That is an interesting question. Should be an informative call tomorrow.
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Elektronik Praxis - 4/11/24:
How ASICs can help regain control of the supply chain
By Ian Lankshear, CEO at EnSilica |
For me the most important question is whether we are still balance sheet constrained to go after the big transformational contracts or has the raise and debt refinancing given us the optionality if the stars align. In other words are we going big or staying niche? I would also like to know how 2025/2026 is looking with assumptions on how much of the $500m sales pipeline opportunity we can convert. |
If ENSI becomes cash flow positive in Q1/Q2 2025, doesn't this debt facility give them more firepower to expand?
CEO & CFO presenting on IMC tomorrow. What's the most important question to ask them? |
I guess getting this debt facility signed off was one reason the accounts are a bit later than last year. |
No more dilution, yeh, still cash flow negative, boo. |
Good podcast ARM getting greedy ,but Cadence will come out trumps in the end |
Really useful and insightful video simon, thanks for posting. |
Shame we can’t invest in the firms of lawyers involved ;-) |
simon - Most useful thanks - |
simon - Thanks. A bit late tonight to digest - Will try to understand tomorrow but as a non techie may go well over my head but from the first few minutes suspect I can follow the financial points being made in the initial bullet points. |
Pug,
It’s a solid overview of ARM’s market position and its intent to capture a larger share of device value. With Cadence’s strategic role in the ecosystem and a former Cadence executive on ENSI’s Board of Directors, there’s potential for some powerful, high-level insights to influence their direction. |
simon - What implications, if any, for AISC? |
 Interesting discussion which covers, ARM, Cadence and Qualcomm. Cadence is a $77bn market cap corporation.
Chip Stock Investor - 2/11/24:
Who Really Wins In the Legal Battle Between ARM & Qualcomm? Maybe Not Who You Think
Arm Holding (ARM) and Qualcomm (QCOM) are in the midst of a legal battle over Qualcomm's use of Arm licenses for design of the Snapdragon X Elite laptop chips. Meanwhile, software design leader Cadence Design Systems' (CDNS) stated that they are expanding their relationship with Arm. What does all this mean? Is Qualcomm in trouble? Is Arm being silly? And who ultimately wins from an investment perspective? Chip Stock Investor breaks down where these three companies fit within the semiconductor supply chain.
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Non-exec, Janet Collyer, spent 30 years at Cadence. Her final position before leaving:
Group Director, Strategic Accounts
Lead worldwide account team for key IP ecosystems account driving both use of Cadence technology and partnering with that company to provide joint solutions to joint customers and ecosystem partners |
Figures out on Tuesday , if they hit Forcasts would expect an upward rating in the share price off between 12 - 15% . |
Seems money coming back in to the market now. |
Optionality / moonshot: Wearable or Satellite Communications?
Allenby - June 2022 - page 27:
There is the possibility that future Gross Margins could be significantly higher, for example, if an EnSilica designed ASIC is taken by a client on a royalty basis and is sold in large quantities then this could provide a near 100% gross margin revenue stream running for several years. This scenario is not currently in our forecasts. |
Could someone explain the order and delivery process for a chip order?
For instance, the Siemens order that has passed tape-out has a delivery scheduled for Q2 2025.
The total contract value is $30 million over seven years. Does TSMC produce $4.2 million worth of chips once a year? Wouldn't it be more cost-effective to produce the full $30 million in a single print run rather than conducting seven separate runs? |
Afternoon Yump,
15x 25 and then 15x 26 as they prove each year up.
AST is a big part of proving it up. Chip goes into space in Q1 25 for the first time. Deliveries end Q4, early Q1? |
What do you think about the prospects here? |
Bloomberg - 16/10/24
The Cellular Space Race
AST SpaceMobile President Scott Wisniewski discusses the company's network expansion plan, taking on the likes of SpaceX. He speaks with Ed Ludlow and Caroline Hyde on "Bloomberg Technology." |
FT on the budget - 25/10/24:
The current system of tax credits for research and development will be maintained. |
Wonder if these two supply orders came through Quantum Leap?
15/7/24
EnSilica PLC New Supply Order for Edge AI Chip
28/2/24
EnSilica PLC Significant c.US$20 million Supply Win
"The ASIC design market is traditionally used by two very different types of organisation: the very established players, such as large industrial and automotive Tier 1s; and start-ups and very niche companies looking to put their ideas into silicon and have real market differentiation.
We are experienced in working with both types of business. This move helps us to also reach the potential market that lies between these two disparate groups. QLS has a fantastic track record in achieving this - for example with Dialog Semiconductor, before its recent acquisition by Renesas, where they enabled the Dialog to forge even more high value partnerships with customers. We’re obviously delighted to have them onboard.”
-Peter Juetter, 30/6/22. |
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