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ENSI Ensilica Plc

46.50
-1.00 (-2.11%)
13 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ensilica Plc LSE:ENSI London Ordinary Share GB00BN7F1618 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.00 -2.11% 46.50 58,945 10:20:55
Bid Price Offer Price High Price Low Price Open Price
46.00 47.00 47.50 46.50 47.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Related Svcs, Nec 20.48M 1.79M 0.0186 25.00 45.89M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:46:33 O 800 46.015 GBX

Ensilica (ENSI) Latest News

Ensilica (ENSI) Discussions and Chat

Ensilica Forums and Chat

Date Time Title Posts
13/12/202409:21EnSilica: ASICs (Application Specific Integrated Circuits) Design & Supply871

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Ensilica (ENSI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-12-13 15:46:3446.02800368.12O
2024-12-13 15:32:1946.9921299.61O
2024-12-13 14:18:0746.022,1741,000.37O
2024-12-13 14:09:2946.008,6964,000.16O
2024-12-13 13:16:2846.6011,0005,126.00O

Ensilica (ENSI) Top Chat Posts

Top Posts
Posted at 13/12/2024 08:20 by Ensilica Daily Update
Ensilica Plc is listed in the Computer Related Svcs, Nec sector of the London Stock Exchange with ticker ENSI. The last closing price for Ensilica was 47.50p.
Ensilica currently has 96,600,000 shares in issue. The market capitalisation of Ensilica is £44,919,000.
Ensilica has a price to earnings ratio (PE ratio) of 25.00.
This morning ENSI shares opened at 47.50p
Posted at 06/12/2024 11:50 by paraone3
Yump would love to see an very large share price , if it happens dividends are a by-product of the share price and represent a percentage of profit, larger the price , bigger the profit equals dividends , larger pension
Posted at 07/11/2024 13:30 by valhamos
I'm going to have to disagree with the idea that Ensilica IPO'd too early. The company wanted funding for its planned growth in its design and supply business. If it waited until it didn't need the funding what would then be the point of an IPO? And where would it have got the funding to grow if not from the stock market? Surely that's the primary purpose of the stock market? I guess too many private investors think the stock market is there just so they can watch share prices moving up and down.
Posted at 07/11/2024 11:26 by simon gordon
Anthony Miller - 5/11/24

I worry that Abingdon-based ‘fabless’ ASIC (Application Specific Integrated Circuit) designer EnSilica could become a victim of its own success.

Today’s FY results came with a guarded warning that EnSilica could run out of cash within the next 12 months without additional financing.

Cofounder and CEO Ian Lankshear attributed the problem in part to customer order and payment slippage, and in part to ‘complications’ in the global semiconductor supply chain exacerbated by the deteriorating relationship between the US and China.

The latter was already evident and beyond EnSilica’s control.

The former leans towards overoptimistic forecasting (see my recent post on Substack at In fact, EnSilica now has a new CFO.

In truth I think the problems are of a more fundamental nature.

First, EnSilica is both a semiconductor design and a supply business. The design is done in-house, the manufacturing by partner foundries.

While this business model has the advantage of long-term, recurring revenues (8-10 years is not unusual), it is also hostage to changing demand in customer delivery schedules, as has already happened.

Second, as I have said many times before, management chose to IPO far too early, in my opinion.

EnSilica listed on AIM in May 2022 when its revenues were under £10m and was losing money. Since then, management has had to go back to investors and lenders multiple times – all, of course, in the unforgiving spotlight of a public market. EnSilica’s shares currently trade around 4p below the 50p IPO price.

EnSilica is growing fast on the back of an impressive order book. Revenues last FY (to 31st May 2024) exceeded £25m, though the company is now back to a (small) net loss.

However, this rapid growth – along with the aforementioned challenges – means that the business spends more cash on capex than its operations generate. And this gap risks widening the faster EnSilica grows.

I would not want EnSilica to suffer the same fate as its ‘neighbour’, semiconductor design startup, Sondrel, which listed on AIM a few months after EnSilica.

Never having made a profit, Sondrel quickly ran out of cash, its shares crashed and Sondrel delisted from AIM in August at a fraction of its IPO valuation (see

For now, EnSilica is in a much better position than Sondrel ever was.

But Lankshear and new CFO Kristoff Rademan need to take a long, hard look at the best capital structure that will help the business achieve its proven potential in the long term.

EnSilica should be cherished as a jewel in the UK semiconductor industry crown. Personally, I think it will be in the best interests of its customers, employees and backers for EnSilica to go private on its own terms while it still can.

-Source: LinkedIn
Posted at 05/11/2024 19:03 by paraone3
Have just listened to the Meet the Investor Podcast , so I am wondering where UKTN are getting their Info regarding Ensilica going bust unless they get more Funding . The CFO Christoff clearly state they did not envisage raising more funds in the near future they have suffient funds available for future operations. He did say that they might need extra funds if they secure a major contact running into 100s of million dollars , but this would be a nice position to be in. So I can only think that UK TN is holding a large short position and are trying to talk down the share price . Only Postive from IanAnd Christoff.
Posted at 24/10/2024 15:56 by simon gordon
Growth Company Investor - 18/9/24

Question from the audience:

"What is the typical amount the customer pays, and how much do you cover?"

Mark Hodgkins:

"Well, it varies, and we have the option to refuse to pay anything if we choose. However, if we refuse, the customer might look for alternatives. On average, we cover around 15% of the cost. If the design cost is particularly high, we tend to contribute less. For example, we recently announced a large telecom order from a European company, valued at $17.5 million. About half of that will be recognized this year, with the other half next year. In that particular case, the customer is covering 95% of the cost. Now, just as a point of clarification, we evaluate each customer’s creditworthiness. A company like Siemens, which is very stable, would receive better terms. In this case, we might require around 20% up front. If we take on more of the financial responsibility, we can charge a higher price later in the supply stage, allowing us to recover the costs—though it may take some time."

ENSI RNS -2/9/24

This Contract finalises the preliminary terms of an agreement originally announced on 22 December 2023, with the total value, including NRE (non-recurring engineering) and supply, projected to exceed US$30 million over a ten-year period, based on quoted NRE fees and the Client's projected production volumes.

The NRE activities commenced in January 2024 with an initial specification phase, and have now progressed to the main design phase. The NRE fees for this phase are expected to significantly contribute to the Company's revenues for the current financial year, underpinning market expectations, with the production and supply phase of the ASICs expected to begin during 2027.

-----

ChatGPT:

The cost of designing a microchip can vary widely depending on its complexity, technology node, and application. For the most advanced microchips, such as those designed using cutting-edge process nodes like 3nm or 5nm, the cost can be extremely high due to the complexity of the design and the need for state-of-the-art fabrication technology.

Here’s a breakdown of the highest cost scenarios:

1. Advanced Technology Nodes (3nm, 5nm, etc.):

-Cost range: Designing a high-performance microchip at these nodes can cost $500 million to over $1 billion.

-Key factors: These costs come from design complexity, verification, testing, and the need for advanced electronic design automation (EDA) tools. Additionally, licensing IP (intellectual property) blocks for specific functionalities, and the expensive prototyping and manufacturing costs associated with advanced fabs contribute significantly.

2. High-end ASICs (Application-Specific Integrated Circuits):

-Cost range: For custom ASICs designed for specific industries (such as autonomous vehicles or 5G infrastructure), costs can be in the range of $50 million to $200 million.

-Key factors: ASICs often require significant custom design work and verification, as well as a long development cycle, contributing to the high cost.

3.FPGA to ASIC conversion:

-Cost range: If converting a field-programmable gate array (FPGA) design to an ASIC for mass production, costs can range from $10 million to $50 million depending on the complexity of the chip.

-Key factors: This type of conversion requires design refinement, additional testing, and specialized production methods.

4. Older Technology Nodes (28nm, 65nm, etc.):

-Cost range: For chips designed at older technology nodes, which are still widely used in some industries, design costs are significantly lower, ranging from $10 million to $50 million.

-Key factors: These chips are less expensive to design because the tools, IP, and manufacturing processes are well-established and cheaper.

The most expensive designs typically come from industries that demand extreme performance, like data centers, AI processors, GPUs, and advanced mobile processors. The costs will also increase depending on the number of design iterations, testing cycles, and level of customization.

------

The EU may be helping fund some of the chip design:

ENSI RNS - 26/9/24

This partnership between EnSilica and SIAE MICROELETTRONICA is the base of a successful project output, representing a very critical part of the overall IPCEI EMISPHERE project, which is a key element for SIAE MICROELETTRONICA's plan for growth of technological solutions and expansion into new markets", said Stefano Poli, SIAE MICROELETTRONICA Group Managing Director.


SM press release - 11/4/24

SIAE MICROELETTRONICA OFFICIALLY SIGNED THE CONCESSION DECREE ISSUED MIMIT (ITALIAN MINISTRY OF INDUSTRY) ON EMISPHERE PROJECT

On 11 April 2024 SIAE MICROELETTRONICA officially signed the concession decree issued by the Italian authorities (MIMIT, Italian Ministry of Industry) on EMISPHERE project, part of IPCEI ME/CT - Microelectronics and Communication Technology – the Italian IPCEI Microelettronica 2 program. The milestone represents the successful conclusion of the award process and formalizes the start of operations on one of the most significant future development program for SIAE MICROELETTRONICA.

The program, sponsored by the European Community to support research, innovation and the industrial diffusion of microelectronics and communication technologies, will be financially supported by the company with 180 million Euro investment plan over the next five years.

SIAE MICROELETTRONICA is one of the four Italian companies selected as recipients of the IPCEI funds, being able to receive state aid to sustain the multi-years program aimed to develop a new generation of radio products for the mobile communications industry.The company is improving the European value chain with in-house development of innovative modem chips, microwave components and the antennas to enable the next generation microwave radio links to reach 100 Gbit/s transport capacity in the W and D band.
Posted at 14/10/2024 18:47 by bones698
Decent revenues and business albeit slow . Need to improve on margins as any slight miss would hammer the share price and demand is never guaranteed especially in this world with wars and global impacts changing customer demands .
Looks a well run outfit but not one that will provide big jumps in share price . Novel to Dina a small cap that actually makes a profit though and certainly will keep an eye on this . Would like to see the cash position improve before I'd consider buying in as the risk of fund raise still hasn't gone away . If they keep improving profits for the next few years and build a buffer with cash then looks positive . Margins seems too low and need to rise as demand continues to grow . Interesting to watch for now. Chart pointing to a return to mid to late 30's might be a good time to buy then
Posted at 09/10/2024 09:45 by hpcg
To suggest Ensilica could be the new ARM is to not understand what either ARM or Ensilica actually do. One would need a strongly advancing share price and a bubbly message board full of influenced posters to get traction with that kind of ramp.
Posted at 02/9/2024 10:42 by someuwin
Allenby have put out an update covering todays excellent news. But even more intersting is this additional piece...

EnSilica client AST SpaceMobile (NASQ:ASTS) market value now exceeds $7.5bn. Separately, we note the c.500% rise in the AST share price over the last 3 months. In December 2021, EnSilica announced it had been selected by AST to develop an ASIC for use in AST’s Low Earth Orbit satellites. The satellites will create a cellular broadband network allowing unmodified mobile phones to access broadband from anywhere in the world and hence fill coverage gaps where existing networks don’t exist or become overwhelmed. Excitement has grown as AST, whose investors include Google, Vodafone and AT&T, is on track to launch its first 5 commercial satellites from Cape Canaveral in September 2024 as a major step towards creating a constellation of over 200 satellites. In an August 2024 press release AST noted its ASIC (AST5000) had completed its tape out phase with TSMC, is expected to support up to 10x improvement of processing bandwidth per satellite and had a development cost of $45m. Although not confirmed by either company, our assumption is that AST5000 is the EnSilica designed ASIC.
Posted at 22/8/2024 09:29 by paraone
Peterr3 Check out the LSE site on ensi share prices . Allenby have an up to date report with forecast revenues for 25 f 26 . Forcast £30m for 25; & £38m for 26; and profit for 26 off £9m plus , if this is achieved you will see a share price of between £1.50 & £2.00, so I suggest that at 45p current they are a excellent buy and long term hold , Good Luck
Posted at 12/1/2024 07:37 by multibagger
Good morning all :)

Though I am no expert, I get the sense that this is a very significant RNS and has the makings of a cracking new area that ENSI are addressing. The immediate commercialisation of IP license is particularly heartening....we all know how ARM Holdings did with its IP portfolio :)

I think the market will like this but with the current market sentiment one can't take anything for granted.

Good luck !

RNS posted for the record - bold emphasis mine
__________________________________________________________________________________

RNS Number : 4647Z

EnSilica PLC

("EnSilica", the "Company" or the "Group")

Release of Post Quantum Cryptography accelerators IP

First customer license granted to major semiconductor supplier

EnSilica (AIM: ENSI), a leading chip maker of mixed-signal ASICs (Application Specific Integrated Circuits), is pleased to announce the release of a range of Post-Quantum Cryptography ("PQC") accelerators, with the first of these intellectual property ("IP") licenses granted to a major semiconductor supplier.



EnSilica is one of the few companies to offer advanced cryptographic accelerators1 to the market as licensable IP cores, expanding EnSilica's comprehensive range of non-quantum resistant cryptography accelerators for use in its ASICs and other semiconductors.



PQC refers to cryptographic algorithms that can withstand cyber-attacks from quantum computers. As quantum computing advances and noting that artificial intelligence ("AI") based systems are often backed by large datasets that need to be kept secured, there is a real threat that cyber-attacks will break the current public key-based cryptography used in today's secure communications and financial transactions. The draft standard for the first of these cryptographic algorithms was published by the U.S. Department of Commerce's National Institute of Standards and Technology ("NIST") last year.



The widespread adoption of PQC is fuelled by the fear that sensitive encrypted data harvested today, might one day be compromised once powerful quantum computers emerge. This is a critical concern for governments safeguarding secrets and businesses handling sensitive and confidential information.



As well as PQC, the cybersecurity landscape is evolving, necessitating the redesign of many ASICs. This is due to the European Union's recently enacted Network and Information Security ("NIS2") directive. The NIS2 directive, now encompassing a wider remit than the original Network and Information Security directive released in 2016, now includes the manufacturing sectors for critical products such as pharmaceuticals, medical devices, and chemicals, as well as other critical services such as energy and waste management, public electronic communication networks as well as space and aerospace.



Ian Lankshear, Chief Executive Officer of EnSilica, commented:



"EnSilica's commitment to technological innovation is reflected in our comprehensive range of cryptographic accelerators IP to address the next generation of cybersecurity threats.



The commercial licensing agreement with this major semiconductor giant validates the intrinsic value of our intellectual property. EnSilica not only licenses its IP to other semiconductor companies but also leverages it in the development of custom ASICs which we supply to our clients. Having such IP is a key differentiator for EnSilica's ASIC business given the markets we address, as well as for bringing in high margin IP licensing revenue."



1 Cryptographic accelerator: a specialized hardware component integrated into semiconductor devices, designed to efficiently perform cryptographic operations, such as encryption and decryption, faster, with lower-power and more securely than software-based implementations.
Ensilica share price data is direct from the London Stock Exchange

Ensilica Frequently Asked Questions (FAQ)

What is the current Ensilica share price?
The current share price of Ensilica is 46.5p.
How many Ensilica shares are in issue?
Ensilica has 96,600,000 shares in issue.
What is the market cap of Ensilica?
The market capitalisation of Ensilica is GBP 45.89 M.
What is the 1 year trading range for Ensilica share price?
Ensilica has traded in the range of 29.50p to 73.50p during the past year.
What is the PE ratio of Ensilica?
The price to earnings ratio of Ensilica is 25.00.
What is the cash to sales ratio of Ensilica?
The cash to sales ratio of Ensilica is 2.19.
What is the reporting currency for Ensilica?
Ensilica reports financial results in GBP.
What is the latest annual turnover for Ensilica?
The latest annual turnover of Ensilica is GBP 20.48M.
What is the latest annual profit for Ensilica?
The latest annual profit of Ensilica is GBP 1.79M.
What is the registered address of Ensilica?
The registered address for Ensilica is 100 PARK DRIVE, MILTON PARK, OXFORDSHIRE, OX14 4RY.
What is the Ensilica website address?
The website address for Ensilica is www.ensilica.com.
Which industry sector does Ensilica operate in?
Ensilica operates in the COMPUTER RELATED SVCS, NEC sector.

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