30 June 2021 Half Year Results Presentation
Sydney, Aug 20, 2021 AEST (ABN Newswire) - 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.
Core network products are high margin. These software based solutions typically include long term support contracts.
Etherstack core revenues are transitioning to an Enterprise SaaS (software as a service) model. This is due to migration of existing PTT network solutions from specialised infrastructure hardware to network cloud based services.
Etherstack's software is underpinned by complex intellectual property developed over the course of 20+ years, with a Global teaming partnership with Samsung Electronics with respect to Mission Critical Push To Talk (MCPTX) over LTE to drive additional growth.
Etherstack has a globally diversified client base and maintains R&D and support offices in the UK, US, Japan and Australia.
1H CY21 Financial Highlights
- Revenue Growth: revenue is US$4.3m up 79% on the prior corresponding period ("pcp"), with growth across all revenue streams:
o Recurring revenues from long term support contracts have increased 30% from pcp
o Royalty revenues driven by sales of licencee products which incorporate Etherstack technology and have increased 129% from pcp
o Strong project revenues
- Strong EBITDA result: US$1.5m EBITDA for the half year (US$0.8m for the pcp)
- Net profit after tax: US$0.8m profit for the half year (US$2.3m loss for the pcp)
- Reduced Borrowings: the Company continued to pay down debt during the first half of FY2021
- Increased investment in R&D and development of new office and engineering facility in Sydney
To view the presentation, please visit:
https://abnnewswire.net/lnk/0851490L
About Etherstack Plc
Etherstack (ASX:ESK) is the world's leading licensor of wireless technologies for the digital LMR industry and the Company develops wireless products for the main digital radio communications standards known as APCO P25, TETRA and DMR. Over the past 25 years, over twenty wireless equipment manufacturers have licensed LMR technologies from Etherstack for use in their products.
MCPTT over LTE is an emerging cellular standard that provides public safety grade PTT (Push-To-Talk) solutions within 4G and 5G cellular networks. Demand for MCPTT services and equipment by telecommunications carriers and end user agencies has been steadily growing in the past few years and is expected to rise rapidly over the next 36-48 months.
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