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Etherstack plc (ASX:ESK) is a leading licensor of wireless communication software, enabling push to talk (PTT) communications for essential services, within and across advanced digital land mobile radio, cellular and satellite networks. ....
Etherstack plc (ASX:ESK) wishes to advise that its UK subsidiary Etherstack Wireless Limited has been awarded a contract with UK Ministry of Defence for technology and services, with an initial value of GBP220,000. ....
Etherstack Plc (ASX:ESK) New Australian Government Contract
New Australian Government ContractSydney, May 26, 2021 AEST (ABN Newswire) - Etherstack plc ( ASX:ESK) is pleased to announce its Australian subsidiary, Auria Wireless Pty Limited, has entered a contract valued at A$515,000 (~USD$400,000) with the Commonwealth of Australia, represented by the Department of Home Affairs, to supply the Company s technology and associated delivery services to the Commonwealth. The order represents Etherstack s first contract with the Department of Home Affairs. Revenue associated with this contract will be fully recognised this financial year (year ending 31 Dec 2021), and management expects that the Company will see additional revenues connected to this award in future periods, including additional products and ongoing annual support revenues, as is typical with such solution deliveries. ....
Etherstack Plc (ASX:ESK) WA Iron Ore Resources Network Follow On-Order
WA Iron Ore Resources Network Follow On-OrderSydney, May 14, 2021 AEST (ABN Newswire) - Etherstack plc ( ASX:ESK) is pleased to announce its Australian subsidiary, Auria Wireless Pty Limited, has entered a contract with communications system integrator, RCS Telecommunications Pty Ltd, to provide Auria s P25 digital radio network technology to its customer, being a major iron ore mining company active in the Pilbara region of north-west Western Australia. The contract is a follow-on order to an initial network deployment announced in May 2020 delivering Etherstack technology to the mining sector client. Etherstack expects to earn revenues of AUD $600,000 (approximately USD $462,000) of which the majority will be recognised in the current financial year. Completion of the deployment and the client network commencing live communications will signal the start of recurring support revenues. ....
Trading UpdateSydney, May 14, 2021 AEST (ABN Newswire) - Etherstack plc ( ASX:ESK) wishes to provide a trading update in connection with trading in the first half of 2021 for the financial year ending 31 December 2021: - Revenue Uplift: On the basis of orders previously announced management had noted that revenue for 2021 was expected to significantly outperform 2020 revenues. The Company is now in a position to provide quantitative guidance for the first half of 2021 noting that the non-recurring project revenues are characterised by a small number of large transactions and that as a consequence revenue trends may be volatile. Notwithstanding, the Company expects revenue for the half year ending 30 June 2021 to be in the range of US$3.1m to US$3.6m, representing an increase over the corresponding H1 period in 2020 of between approximately 30% to 50%. ....