Trading update
The unaudited
- Revenue: revenue was
- EBITDA: EBITDA is
- Statutory net profit/(loss) after tax: Statutory net loss after tax is
Full details will be set out in the half year financial report to be finalised shortly.
Full Year 2023 Revenue Guidance
Etherstack expects revenue for the year ending
This compares to the
Achieving the 2023 guidance revenue outcome assumes:
- No significant variation in foreign currency rates vs the reporting currency (USD)
- Project deliverables which determine the timing of revenue recognition are delivered as planned/scheduled. There can be project delays, beyond the control of Etherstack, which lead to revenue being recognised in different periods to original plans and schedules. As noted in the past, the revenues from Etherstack projects can be driven from a small number of individually large projects and a change in the timing of the recognition of the revenue can have a material impact on the results for a particular period.
About
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.
Contact:
Chief Financial Officer
T: +61 2 8399 7500
www.etherstack.com
Investor Relations
T: +61 439 748 819
melanie@nwrcommunications.com.au
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