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An update from Ethernity Networks Ltd. ( (GB:ENET) ) is now available.
Ethernity Networks Ltd announced a significant decrease in revenue for 2024, with a 63% drop compared to the previous year, but reported an increase in gross margin percentage to 92.1%. Despite financial challenges, the company successfully repaid all creditors and is focusing on its transformative ASIC business, targeting wireless backhaul and broadband access markets. The strategic shift to a system-based approach with its Universal Edge Platform (UEP) aims to accelerate market presence and revenue generation, positioning Ethernity as a leading semiconductor innovator.
More about Ethernity Networks Ltd.
Ethernity Networks Ltd, headquartered in Israel, is a prominent supplier of data processing and Passive Optical Network (PON) semiconductor technology for networking appliances. The company offers comprehensive networking and security solutions, including Carrier Ethernet Switch Router data plane and control software, to optimize telecommunications networks. Ethernity’s technology is deployed in both FPGA and ASIC form factors, supporting 5G, edge computing, mobile backhaul, and broadband access networks.
Average Trading Volume: 336,548,677
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.11M
For detailed information about ENET stock, go to TipRanks’ Stock Analysis page.