January 19, 2017 1:39 AM ET

Software

Company Overview of Etherstack plc

Company Overview

Etherstack plc engages in the design, development, and deployment of wireless communications software and products for use in transceivers. The company’s products enable the transceivers to communicate with a radio network and other transceivers. It offers professional mobile radio (LMR) air interface protocol stacks waveforms; provides a series of small form-factor LMR transceiver reference designs consisting of RF UHF, VHF, 800MHz and triband, and plus baseband; and develops various network elements based on 3G soft switching and Radio over IP (RoIP) technologies. The company also provides LTE25 solution, which bridges LTE networks and existing APCO P25 narrowband networks with an integrat...

28 Poland Street

1st Floor

London,  W1F 8QN

United Kingdom

Founded in 2012

36 Employees

Phone:

44 20 7734 0200

Key Executives for Etherstack plc

Founder, Chief Executive Officer, Executive Director and Member of Nomination Committee
Total Annual Compensation: $260.0K
Compensation as of Fiscal Year 2015.

Etherstack plc Key Developments

Etherstack plc Revises Earnings Guidance for the Year Ended December 31, 2016; Provides Revenue Guidance for the Year 2017 and 2018

Etherstack plc revised earnings guidance for the year ended December 31, 2016. For the year, the company expected on June 16, 2016, the company forecast revenues for the year ending December 31, 2016 to be in the range of USD 5.8 million to USD 6.1 million (AUD 7.9 million to AUD 8.3 million). Based on unaudited financial information, the company now expects revenues for the year ended December 31, 2016 to be at the high end of this range. Final revenue will be determined when royalties are reported after year end from the company technology licensing clients. Revenue of USD 6.1 million represents an increase of USD 3.8 million or 170 % over prior year revenues. The company provided revenue guidance for the year 2017 and 2018. For the years, the company is optimistic this revenue result for 2016 signals further revenue growth in 2017 and 2018 particularly when newly developed products and technology start to contribute to revenues.

Etherstack plc Announces New USD 3 Million Expansion Order

Etherstack plc announced that it has won a network expansion contract with ATCO Electric to provide additional sites and capacity to ATCO Electric's mission critical radio communications network which supports ATCO Electric's electricity distribution and transmission operations in Alberta, Canada. Etherstack's APCO P25 network solution has been deployed in the ATCO Electric network since 2010 and Etherstack has provided support to the network for the past 5 years. The current deliveries, additional phases and recurring support revenues are expected to generate approximately USD 3.1 million in total over the next 4 to 5 year timeframe depending on the final network rollout plan. The full deployment involves 80 sites across Alberta Province.

Etherstack plc Receives Digital Radio Network Expansion Order

Etherstack plc announced that the Etherstack group has received an order for its equipment to be deployed on new sites for an existing P25 digital radio network deployed by the group in Australia. The expansion order value is AUD 422,000 (USD 312,000) and is expected to be delivered, and recognized as revenue, in the current financial year. The order was placed by Etherstack's system integrator partner, BAI Communications.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
July 6, 2016
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