Ethernity Networks Ltd. (GB:ENET) has released an update.
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Ethernity Networks Ltd reports a significant decrease in revenues and gross profit for the first half of 2024, while also achieving a higher gross margin and reducing losses. The company is focusing on its universal edge platform and data processing technology, which has garnered interest from large OEMs and a licensing contract with a U.S. aerospace company. Despite industry challenges, Ethernity is optimistic about future growth opportunities, particularly in the mobile backhaul market and its transition to offering ASIC solutions.
For further insights into GB:ENET stock, check out TipRanks’ Stock Analysis page.
