- Ethernity Networks Ltd (DI)
- 05 May 2026 09:50:38
Source: Sharecast
Ethernity said its 2026 cash‑flow plan had assumed revenue from customers as well as proceeds from the exercise of outstanding warrants, but noted that no such exercises had taken place to date and were now considered unlikely given its current share price.
As a result, Ethernity said it had now introduced immediate cost‑saving measures to maintain liquidity and keep the business operating.
From mid‑May, chief executive David Levi and vice‑president of research and development Shavit Baruch will shift to part‑time roles at around 20% of their previous full‑time commitment. Ethernity said the move would materially reduce operating expenses, while also ensuring senior management remained available to support ongoing activity.
Ethernity stated it aimed to continue operating as a going concern while working towards a break‑even performance.
Looking ahead, Ethernity now expects 2026 revenues of between $1.6m and $1.8m, based on existing engagements, down from $1.7m to $2m. Should revenues fall short of expectations, Ethernity said it would likely need to raise additional funds during 2026.
The AIM-listed firm also noted that several commercial opportunities remained in progress, though none were secured as of yet and there was no certainty over timing or contribution.
As of 0950 BST, Ethernity shares had slumped 42.08% to 0.0014p.
Reporting by Iain Gilbert at Sharecast.com
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