Etherstack (ASX: ESK) – mission critical radio technologies
COMPANY SCOREBOARD
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ABOUT COMPANY
Etherstack plc (ESK) (http://etherstack.com/anz/) is a leading licensor of innovative wireless technology and solutions provider for mission critical communications. Its technology enables push-to-talk (PTT) communications for essential services within and across advanced digital land mobile radio (LMR), cellular and satellite networks. It serves companies that manufacture telecommunication equipment primarily for government public safety agencies and utilities and defence and mining industries.
CAPITAL STRUCTURE
| ASX Code | Share Price | Shares | Option (In) | Market Cap | Cash/Asset ($m) |
| ESK | 0.145 | 131858884 | 19119538.18 | 5/0 |
| Holders No | Top 20 (Cur) | Top 20 (Pre) | Director Hold | Performance Right | Note |
| 949 | 82.5% | 82.10% | 49.88% | 2495300 | last raise $5m@58c |
The company has significantly increased its shareholder base in 2020/2021.
BUSINESS
Below is the company’s last five years’ performance:
| ESK | 2022 | 2021 | 2020 | 2019 | 2018 |
| Operation Revenue ($US) | 9681 | 8504 | 4699 | 4792 | |
| Cost of Sale | -3170 | -2306 | -2032 | -1507 | |
| Gross Revenue | 6511 | 6198 | 2667 | 3285 | 0 |
| Gross Margin | 0.6726 | 0.7288 | 0.5676 | 0.6855 | 0 |
| Overheads | -3329 | -3165 | -1992 | -2255 | |
| Fixed Overheads | |||||
| Variable Overheads | |||||
| Total Operation Expense | -3329 | -3165 | -1992 | -2255 | 0 |
| Operation Profit | 3182 | 3033 | 675 | 1030 | 0 |
| Other Revenue | -31 | -15 | -2249 | -96 | |
| Interest Expense | -101 | -159 | -149 | -321 | |
| D&A | -1269 | -1381 | -1183 | -1613 | |
| Income Tax | 95 | 391 | 321 | 129 | |
| Net Profit | 1876 | 1869 | -2585 | -871 | 0 |
| NOTES |
The company is a global leader in its industry, which has been further evidenced by its partnership with Samsung. Its share price went from 12c to $3.5 at the peak in two days.
SUMMARY
The company’s shareholding structure is not ideal for trade, but if it dips below 30c, it will be a good buy.