Ethernity Networks – how desperate is “cost reduction” if both the CEO and VP R&D are ‘transitioning to approximately 20% of their previous full-time commitment’?!

An announcement titled “Operational Update and Cost Reduction Measures” tends to mean current operational and financial problems and so what of such an announcement today from company describing itself as “a leading supplier of data processing semiconductor technology for networking appliances and PON” (passive optical network(s)), Ethernity Networks (ENET)?

Ethernity Networks (#ENET) – £0.8m equity raise at 0.022p per share to enable “settlement of the creditor repayment plan”

Ethernity Networks (#ENET) – placing raising just £88,750 at 0.05p per share

Ethernity Networks (#ENET) – placing raises just £130,028 at 0.133p per share

Ethernity Networks – placing “to provide additional working capital”. Er, is it?…

Describing itself as “a leading supplier of data processing semiconductor technology for networking appliances”, Ethernity Networks (ENET) has announced a “Placing to raise £540,500” which it “consider that it is appropriate to undertake… at this time in order to provide additional working capital to support the company's anticipated growth”. What’s the position from a prior closing 0.475p share price?

Ethernity Networks (#ENET) – £0.395m “structured investment deed” warrant exercise at 0.4p per share

Ethernity Networks (#ENET) – court approval of the proposed “creditor settlement plan”

Ethernity Networks (#ENET) – shares issuance “settlement deed” with 5G Innovation Leaders Fund

Ethernicity looks in real trouble with its creditors and last weeks share price rise was bonkers - sell

It seems to be silly season at the lower end of the market at the moment with some crazy rises coming on micro cap companies that often haven’t even had any particularly good news.

Ethernity Networks – emphasises expected improvements, but what about the current contracts delays and extended sales cycles?!

Describing itself as “a leading supplier of data processing semiconductor technology for networking appliances”, Ethernity Networks (ENET) has issued a ‘strategy, trading and $1.5 million order update’ announcement – and what of the shares in response currently up to 1.75p?

Ethernity Networks (#ENET) – further issuance of $0.23m of shares confetti under “share subscription agreement”

Ethernity Networks – its prior announcement indeed attempted ramptastic!, another discounted placing

Ethernity Networks (ENET) has issued an announcement including that it “anticipates that revenues for 2022 will be not less than $2.9 million, an increase of 10%... believe that revenues of $9 million for 2023 are achievable”. So what of a current share price fall from 9.5p towards 7p?

Ethernity Networks (#ENET) – £1.55m placing at 7p per share with warrants, up to £0.15m broker option

Ethernity Networks – “an important milestone” or attempted ramptastic?

Ethernity Networks (ENET) has announced it has delivered its UEP2025 platform to a “prominent microwave wireless OEM customer”, noting that “the customer has indicated to Ethernity that it expects wireless internet service providers to find the product attractive due to its ability to transmit higher throughput over E-Band 10Gbps radio ports, while utilising existing microwave links as backup for continuous service”. So what of a current share price response up by 7.7% to 10.5p, to give an £8.2 million market cap?

Ethernity Networks – 'notice of contract cancellation', blames customer but to do nothing about it?

A “Contract cancellation” announcement from Ethernity Networks (ENET), though the company states it “strongly rejects” the customers argument and considers it “unrelated to the Ethernity developments” as well as that “per customer interactions and discussions, the management remain of the view that the UEP2025 has the potential to generate additional revenues for the company”. So what of a current share price response down to 9.25p?

Ethernity Networks (#ENET) – receives contract cancellation notice, though argues “highly encouraged” by its UEP2025 development. Hmm

Ethernity Networks – following recent RNS Reach, discounted fundraise (natch!)...

Just over a week ago Ethernity Networks (ENET), describing itself as “a leading supplier of data processing offload solutions on programmable FPGA (field programmable gate array) hardware for accelerating telco/cloud networks”, was “pleased to report” that its ‘UEP-20’ product “passed the field trials, with bonding successfully performed on a variety of products from multiple vendors, indicating the ability of the solution's interoperability and flexibility”. The announcement was though an RNS Reach i.e. “non-regulatory”, and I’ve stated the question to ask on such announcements to be ‘Is there a financial reason for such an announcement to now be made?’. Today a placing and subscription...

Ethernity Networks (#ENET) – £4.2m placing at 35p per share, with warrants

Ethernity Networks – “very pleased” production order news, But...

Ethernity Networks (ENET) is “very pleased” to have started receiving production orders for its Flow Processor FPGA systems-on-chip from American wireless broadband solution manufacturer Tarana Wireless Inc., and the shares have currently responded 10% higher to 33p. Justified?...

Ethernity Networks – shares up on delivery news, but what is the financial import?...

A “Delivery of ACE-NIC100 to Major Server Vendors” announcement from Ethernity Networks (ENET) and the shares are currently more than 6% higher, at 34p, on the back of it. But what does the news mean and what is its financial import?...