Ethernity published a Trading Update this morning, highlighting key developments from H2’17 (6m to Dec’17). There are two important points to note: (1) a large licensing deal with an existing customer was modified from a design license to FPGAs, shifting an upfront payment expected in ’17 into revenues from ’19 onward; and (2) customers delayed purchases under two existing contracts, postponing the supply of products from ‘17 into ‘18.
05 Jan 2018
Update on 2017 trading; downgrades to estimates
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Update on 2017 trading; downgrades to estimates
Ethernity Networks Ltd. (ENET:LON) | 0.7 0 0.0% | Mkt Cap: 2.74m
- Published:
05 Jan 2018 -
Author:
Kartik Swaminathan -
Pages:
3
Ethernity published a Trading Update this morning, highlighting key developments from H2’17 (6m to Dec’17). There are two important points to note: (1) a large licensing deal with an existing customer was modified from a design license to FPGAs, shifting an upfront payment expected in ’17 into revenues from ’19 onward; and (2) customers delayed purchases under two existing contracts, postponing the supply of products from ‘17 into ‘18.