Ethernity Networks Share Discussion Threads

[dplewis1] 17/1/2023 07:50

Lol at 504. Clown.. loading up with your cheap 10p shares. Well now I can buy at 7p and get warrants..

[quantas01] 17/1/2023 07:48

504 put a sock in it you useless individual

[504] 17/1/2023 07:44

Placing at 7p and 15p. Not a huge surprise.
4 OEM in discussions for OLT.
$9m revenue target for 2023, day to day costs covered .
There must be a substantial Tarana top up in there to reach 9m.
Several small potential additions for 23 looking strong for the 24 leg up in revenue.
Sensible shelving of the stalled India venture to concentrate on immediate markets.
On balance what we expected. $9m is a bit higher than I expected them to declare. 4 OEMs is what I expected for a huge volume device.
At least we can stop the nonsense about running out of cash now.
As I said it's a journey and stuck in traffic has been no fun.

[cyberbub] 17/1/2023 07:42

Does $9m for 2023 bring the company close to breakeven do we think?

[purchaseatthetop] 17/1/2023 07:39

There is one interesting thing though.
They state that the Tarana 2022 orders were fully delivered. Therefore $1.5m in 2022 to add to the $740k in 2021 (agrees to their 200% of 2021).
That means less than $600k of orders remain at 1/1/23. Dropping fast
I expect a rapid RNS now that they have done this placing to update Tarana orders. Get the placing done then release some good news. I hope.

[chester9] 17/1/2023 07:33

Always promises, promises. We still have Bergen ready to dilute below 7p.

[purchaseatthetop] 17/1/2023 07:15

Good point Dplewis.

[dplewis1] 17/1/2023 07:02

If you ever feel the need to win an argument, just take the opposite view to patt and 504.. won't be long before you're right. Placing at 7p..

[purchaseatthetop] 16/1/2023 16:26

Very helpful Archy. I looked at my holdings in Shell from several years ago and thought that was a good call. Everybody thought they were toast at 800p. Hopefully ENET will prove equally as good but without the dividends.

[mark0419] 16/1/2023 16:24

I can't stand those charity fraudsters PATT that was sentence at isleworth crown court of defrauding 2 charities......tell everyone how many years you were given RICHARD purchaseatthetop please. ZERO CREDIBILITY.

[purchaseatthetop] 16/1/2023 14:31

Great post Archy. I cannot stand those narcissists.

[archy147] 16/1/2023 14:30

Ps PATT, I hope my last post advising you to spend your time researching other opportunities proved helpful!

[archy147] 16/1/2023 14:26

niaroo16 Jan '23 - 11:23 - 13460 of 13463

This share is dying a very slow death. Very few posters left except the 2 narcissists


Well said niaroo16.

While ENET is stuck doing nothing and the usual cuplrits here are spending their lives posting meaningless waffle on this bb, the rest of us (well I hope it's not just me!) are busy enjoying the new bull market that's emerged since the start of the new year.

hxxps://investorplace.com/hypergrowthinvesting/2023/01/as-inflation-dies-a-new-bull-market-is-emerging/

With so many gains elsewhere, ENET is now down to just 0.7% of my overall pf. I hope others have it at a similarly small amount now too.

[purchaseatthetop] 16/1/2023 14:05

Weird. I posted that I did not strike. Never mind.

[purchaseatthetop] 16/1/2023 11:40

Let me see.
Tarana orders confirmed $2.8m
Fulfilled to 31/12/21 $0.7m
Fulfilled in year to 31/12/22 $1.5m
Balance remaining at 1/1/23 $0.6m
Tarana speeding up all the time and G1*2 coming out mid 23 plus G2 late 2023
Nothing to look forward to at all.
This is what gives me confidence. We know that they COULD release news if they had to but CHOOSE not to
Bit like as Oscar Wilde said. A gentleman is somebody who knows how to play the bagpipes but chooses not to.

[niaroo] 16/1/2023 11:23

This share is dying a very slow death. Very few posters left except the 2 narcissists

[purchaseatthetop] 16/1/2023 11:06

I love this board. It is so like a Sixth Form Common Room*



*45 years ago mind you.

[purchaseatthetop] 15/1/2023 19:38

Burger flipper every time! As Michael Gove said “we have had enough of experts”. How did that turn out? Not very well.

[skid35] 15/1/2023 19:11

Yeah. Thirty plus years senior commercial finance and contract experience in the tech sector and someone with a part share in a back street hairdresser / burger flipper / taxi (delete as appropriate), take your pick.

[504] 15/1/2023 14:18

No recurring means that it's contained within the original sale and that's exactly what this is. When Ethernity supply a product to an OEM they are contracting that product to them to build their product on. The additional requirements are recurring on the original contract to meet their sales.
Ethernity don't sell 100 units they agree a contract to supply that exact product regionally in that form. The OEM requires that for security of their investment in the product. They are further supplying material on the same contract so it's recurring. The OEM may make repeat sales but Ethernity are fulfilling a contract. It's exactly the same as annual license payments or payments for fixes and upgrades to maintain the contract they are not new sales.
If Ethernity were supplying hardware it may be sales but it's just more IP specific to that contract. We know already that the OEM will make the hardware as Ethernity can supply the finished product globally.

I fully understand the difference, skid you do not understand how it's done. It matters not what Ethernity call it to help the market understand, sales are reported recurring revenue tends to appear in regulatory financial statements. If the OEM wants more they are contracted to Ethernity as the only supplier. Sales implies some competition or choice, this is simply part of the original contract in which further supply would be covered.

[cyberbub] 15/1/2023 14:09

Agree skid.

I'm no accountant, but 'repeat' sales to me means increased sales by Enet of the same or similar products to the same customer, ie additional future sales because the customer is expanding and are happy with the product - however it's not guaranteed and the customer could go to another supplier in future if their needs change or Enet becomes financially or technically uncompetitive. If the product has a relatively long lifespan then it becomes harder to be certain of repeat sales.

'Recurring' revenue is a fully predictable and (more or less) *guaranteed* cashflow based on the sales of units already made. This is usually cashflow from servicing, support and maintenance (contractually guaranteed), software updates etc. Obviously recurring revenue like this is very positive and investors will value it appropriately in their valuation of the company. But, apart from supposition on the bulletin boards, I'm not sure we have a lot of credible visibility on 'recurring' revenue for Enet?