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Etherstack PLC (ASX:ESK)

ALERT: Price-sensitive ASX Announcement for ESK
Current share price for ESK : $0.475 -0.055 (-10.38%)+
Announcement
Release
13 Jul 2026 8:24AM
Price at Release
$0.530
Full Release
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Summary
Etherstack PLC announced a strong financial performance for the first half of FY26, with revenues reaching US$8.5 million, marking a 39% increase from the previous year. The company also reaffirmed its full-year revenue guidance of US$17.2 – $18.9 million, predicting a 70% increase over last year's figures. Significant contract awards from entities such as the Australian Border Force and the UK Home Office have contributed to a robust order book and an increase in annual recurring revenues, which are expected to exceed US$5 million by the year's end. Additionally, new Communications-as-a-Service (CaaS) revenues have launched and are anticipated to expand significantly in the coming years, particularly with a major project in the UK set to go live in FY2028. The Board is also undertaking a strategic and capital management review to optimize financial flexibility and maximize shareholder value.
Key Points
  • FY26 H1 revenue is between US$7.6 – $8.5 million, full year revenue forecasted between US$17.2 – $18.9 million.
  • Record H1 Revenue reached US$8.5 million, 39% increase from previous period.
  • The company expects a 70% increase in full year revenue compared to last year.
  • Material contract awards with Australian Border Force, UK Home Office, and North American channel partners lead to record order book.
  • Annual recurring revenue expected to exceed US$5 million this financial year ending 31 December 2026.
  • New CaaS revenues to grow in FY2026 and FY2027, expand further in FY2028.
  • The Board is conducting a strategic and capital management review to maximize shareholder value.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.