Ethernity Networks Ltd (ENET L) has today announced positive progress on trading as it approaches the end of its financial year (December 31st 2020). For 2020, we forecast revenue of US$2.0m (up 50% on 2019) and EBITDA loss of US$3.1m. For 2021 we estimate revenue rising by 300% to US$6.0m and a reduced EBITDA loss of US$0.8m. The Company reports today that revenues are on track to meet our 2020 estimate for 50% growth to US$2.0m and that it already has, “increasing visibility over 2021 forecast ....
02 Dec 2020
VSA Morning Technology Comment 02/12/20
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VSA Morning Technology Comment 02/12/20
Ethernity Networks Ltd. (ENET:LON) | 0.9 0 2.9% | Mkt Cap: 3.40m
- Published:
02 Dec 2020 -
Author:
Phil Smith -
Pages:
4
Ethernity Networks Ltd (ENET L) has today announced positive progress on trading as it approaches the end of its financial year (December 31st 2020). For 2020, we forecast revenue of US$2.0m (up 50% on 2019) and EBITDA loss of US$3.1m. For 2021 we estimate revenue rising by 300% to US$6.0m and a reduced EBITDA loss of US$0.8m. The Company reports today that revenues are on track to meet our 2020 estimate for 50% growth to US$2.0m and that it already has, “increasing visibility over 2021 forecast ....