Business
EnSilica secures follow-on $2.4m contract
EnSilica secures follow-on $2.4m contract.
About this update from Ensilica Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation\n \n1 September 2023\n \nEnSilica plc\n(\"EnSilica\", the \"Company\" or the \"Group\")\n \nEnSilica secures follow-on $2.4m contract with an existing customer\n \nEnSilica (AIM: ENSI), a leading chip maker of mixed signal ASICs (Application Specific Integrated Circuits), is pleased to announce that it has secured a contract with an existing Europe-based customer for approximately $2.4 million (the \"Contract\").\n \nThis most recent award with a longstanding EnSilica customer is for the development of a next generation advanced networking ASIC.\n \nThe majority of the Contract revenue will be realised in the Company's current financial year ending 31 May 2024 (\"FY 2024\"), further supporting management's confidence in EnSilica's ability to deliver FY 2024 revenue and EBITDA in line with current market expectations.\n \nThe Company expects to announce its audited results for the financial year ended 31 May 2023 (\"FY 2023\") in early October 2023 in line with market expectations.\n \nIan Lankshear, Chief Executive Officer of EnSilica plc, commented:\n \n\"We are delighted to have been awarded this further contract with a valued and longstanding EnSilica customer, strengthening our ongoing association with them and demonstrating their continuing confidence in our design and delivery capabilities. The award also reinforces our ongoing confidence in both the business and our capabilities, ensuring EnSilica continues to trade comfortably in line with market consensus for the current financial year.\"\n \nFor further information please contact:\n \n\n\n\n\nEnSilica plc\nIan Lankshear, Chief Executive Officer\nwww.ensilica.com\n\n\nVia Vigo Consulting\n+44 (0)20 7390 0233\n\n\n\n\n \nAllenby Capital Limited, Nominated Adviser & Broker\nJeremy Porter / Vivek Bhardwaj (Corporate Finance)\nJoscelin Pinnington / Tony Quirke (Sales & Corporate Broking)\n \n\n\n \n +44 (0)20 3328 5656\[email protected]\n\n\n\n\nVigo Consulting (Investor & Financial Public Relations)\nJeremy Garcia / Kate Kilgallen\n\n\n+44 (0)20 7390 0233 [email protected]\n\n\n\n\n \nAbout...