Announcement • May 06
Ethernity Networks Ltd. Provides Earnings Guidance for 2026 Ethernity Networks Ltd. provided earnings guidance for 2026. The company now targets revenues in the range of $1.6 million to $1.8 million for 2026, based on existing customer engagements, principally the ongoing engagement with the Company's Tier-1 U.S. defence and aerospace customer. Announcement • Feb 19
Ethernity Networks Ltd. has completed a Follow-on Equity Offering in the amount of £0.23 million. Ethernity Networks Ltd. has completed a Follow-on Equity Offering in the amount of £0.23 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,750,000,000
Price\Range: £0.00004
Security Features: Attached Warrants
Transaction Features: Subsequent Direct Listing Announcement • Feb 02
Ethernity Networks Ltd. has completed a Follow-on Equity Offering in the amount of £0.3675 million. Ethernity Networks Ltd. has completed a Follow-on Equity Offering in the amount of £0.3675 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,187,500,000
Price\Range: £0.00004
Security Features: Attached Warrants
Transaction Features: Subsequent Direct Listing Announcement • Nov 07
Ethernity Networks Ltd. announced that it expects to receive £0.1825 million in funding Ethernity Networks Ltd. announced private placement of Zero Coupon Unsecured Convertible Loan Note (CLN) due December 5, 2025 for gross proceeds of £182,500 on November 6, 2025. The CLN is unsecured and does not bear interest and matures on December 5, 2025. The transaction is subject to board approval in its EGM and If the EGM Resolutions are passed, the CLN will convert into approximately 4,284,037,559 new NPV Ordinary Shares at a conversion price of £0.0000426 (0.00426p), which represents a 65% discount to the closing mid-market price of an ordinary share on November 5, 2025. If the EGM Resolutions are not passed, the company will incur a 428% penalty charge under the CLN, raising the total amount due to £963,480. In this case, the CLN will convert at the current par value of 0.02249p, resulting in the issuance of the same number of shares (4,284,037,559) at the current par value. The total number of shares issued upon the CLN conversion (the "Subscription Shares"), along with the shares from the placing, will total approximately 4,995,464,860 Fundraising Shares, which represents 50% of the company's enlarged share capital post-fundraising. The Fundraising Shares will rank pari passu with the Company's existing ordinary share capital. Announcement • Nov 06
Ethernity Networks Ltd. has filed a Follow-on Equity Offering in the amount of £0.160071 million. Ethernity Networks Ltd. has filed a Follow-on Equity Offering in the amount of £0.160071 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 711,427,301
Price\Range: £0.000225
Transaction Features: Subsequent Direct Listing Announcement • Oct 24
Ethernity Networks Ltd., Annual General Meeting, Nov 27, 2025 Ethernity Networks Ltd., Annual General Meeting, Nov 27, 2025. Location: the offices of the company, 3rd floor beit golan, 1 golan st corner hanegev, airport city 7019900, Israel Announcement • May 01
Ethernity Networks Ltd. has completed a Follow-on Equity Offering in the amount of £0.8 million. Ethernity Networks Ltd. has completed a Follow-on Equity Offering in the amount of £0.8 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 368,181,907
Price\Range: £0.00022
Security Features: Attached Warrants
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,268,181,726
Price\Range: £0.00022
Security Features: Attached Warrants
Transaction Features: Subsequent Direct Listing Announcement • Mar 20
Ethernity Networks Ltd. has completed a Follow-on Equity Offering in the amount of £0.08875 million. Ethernity Networks Ltd. has completed a Follow-on Equity Offering in the amount of £0.08875 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 177,500,000
Price\Range: £0.0005
Transaction Features: Subsequent Direct Listing Announcement • Mar 14
Ethernity Networks Ltd. has filed a Follow-on Equity Offering in the amount of £0.08875 million. Ethernity Networks Ltd. has filed a Follow-on Equity Offering in the amount of £0.08875 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 177,500,000
Price\Range: £0.0005
Transaction Features: Subsequent Direct Listing Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Richard Antony Bennett was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 11
Ethernity Networks Ltd. has completed a Follow-on Equity Offering in the amount of £0.130029 million. Ethernity Networks Ltd. has completed a Follow-on Equity Offering in the amount of £0.130029 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 92,878,873
Price\Range: £0.00133
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,887,218
Price\Range: £0.00133
Transaction Features: Subsequent Direct Listing Announcement • Dec 06
Ethernity Networks Ltd. has filed a Follow-on Equity Offering in the amount of £0.130029 million. Ethernity Networks Ltd. has filed a Follow-on Equity Offering in the amount of £0.130029 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 97,766,091
Price\Range: £0.00133
Transaction Features: Subsequent Direct Listing Reported Earnings • Oct 02
First half 2024 earnings released: US$0.009 loss per share (vs US$0.033 loss in 1H 2023) First half 2024 results: US$0.009 loss per share (improved from US$0.033 loss in 1H 2023). Revenue: US$582.0k (down 58% from 1H 2023). Net loss: US$3.54m (loss narrowed 2.1% from 1H 2023). Announcement • Sep 20
Ethernity Networks Ltd. has completed a Follow-on Equity Offering in the amount of £0.5405 million. Ethernity Networks Ltd. has completed a Follow-on Equity Offering in the amount of £0.5405 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 171,158,333
Price\Range: £0.003
Security Features: Attached Warrants
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,008,333
Price\Range: £0.003
Security Features: Attached Warrants
Transaction Features: Subsequent Direct Listing Announcement • Jul 19
Ethernity Networks Ltd., Annual General Meeting, Aug 28, 2024 Ethernity Networks Ltd., Annual General Meeting, Aug 28, 2024. Location: the offices of the company, 3rd floor, beit golan, 1 golan st, corner hanegev, airport city 7019900, Israel Board Change • Apr 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Richard Antony Bennett was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 19
Full year 2023 earnings released: US$0.044 loss per share (vs US$0.10 loss in FY 2022) Full year 2023 results: US$0.044 loss per share (improved from US$0.10 loss in FY 2022). Revenue: US$3.78m (up 29% from FY 2022). Net loss: US$6.36m (loss narrowed 21% from FY 2022). Announcement • Apr 16
Ethernity Networks Ltd. Approves Board Appointments Ethernity Networks Ltd. announced that, further to the company's announcement on 9 April 2024, the adjourned general meeting of the company was held on April 16, 2024, following the passing of the resolutions, Julie Kunstler and Aviva Banczewski have been appointed to the Board of Directors of the Company as External Non-Executive Directors. Julie Kunstler has over 30 years' experience in the communications components, equipment, and software industry, having served as an executive, venture-fund investor, analyst, and board member. Most recently, Julie held the position of Chief Analyst - Broadband Access Intelligence Service for Omdia (a division of Informa Tech), covering the fixed broadband access industry ecosystem. Prior to joining Omdia, Julie served as VP Business Development for Teknovus, a venture-backed broadband access PON (Passive Optical Network) chip start-up, where she assisted with fundraising, corporate strategy, OEM agreements, and its acquisition by Broadcom. Aviva Banczewski has over 30 years of varied finance experience including audit, consulting, regulatory and compliance, business and strategic planning and acquisition due diligence assignments. She started her career working for Andersen in both Australia and then Israel for a total of 15 years. Since then, she has held both finance and investor relations roles in publicly traded companies, including ICL Group Ltd. and Evogene Ltd. She currently acts as Director of Investor Relations for Pluri Inc. Aviva has also been a board member of the Israel Australia Chamber of Commerce since November 2022. Julie Anne Kunstler (formerly Katzen) is 68 years old. Aviva Banczewski, aged 57, holds the following directorships and/or partnerships in the past five years: Current directorships and/or partnerships: Diagnosis and Rehabilitation Clinic - Functional Capacity Evaluation and Whiplash Center Ltd, Israel-Australia, New Zealand & Oceania Chamber of Commerce (RA) (Israel). New Risk • Apr 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (1,302% average daily change). Earnings have declined by 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (263% increase in shares outstanding). Market cap is less than US$10m (€3.08m market cap, or US$3.34m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Revenue is less than US$5m (US$3.6m revenue). Announcement • Feb 14
Ethernity Networks Ltd. Appoints Ayala Deutsch as Chief Financial Officer Ethernity Networks Limited announced the appointment of Ayala Deutsch to the Board of the Company as Chief Financial Officer. Ayala joined Ethernity in January 2019 as Vice President of Finance and has been managing the Company's CFO duties since August 2023. Ayala has more than 15 years of financial experience in international high-technology companies. Previously she was a Corporate Controller at Glide, and prior to that, an auditor at KPMG. Ayala is a Certified Public Accountant in Israel and obtained her MBA, majoring in Financial Management, at the Hebrew University in Jerusalem. Ayala Dina Deutsch (formerly Langsam) is 36 years old. Announcement • Dec 20
Ethernity Networks Ltd. has filed a Follow-on Equity Offering in the amount of £0.7 million. Ethernity Networks Ltd. has filed a Follow-on Equity Offering in the amount of £0.7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 70,000,000
Price\Range: £0.01
Transaction Features: Subsequent Direct Listing Announcement • Dec 05
Ethernity Networks Ltd. Provides Earnings Guidance for the Year 2023 Ethernity Networks Ltd. announced that subject to completion of the FY2023 audit, the Company anticipates that its headline results for 2023 will be: revenue of between USD 3.6 million and USD 3.8 million (2022: USD 2.97 million); underlying gross profit of between USD 2.4 million and USD 2.6 million (2022: USD 1.59 million) representing an underlying gross margin of 67%-68% (2022: 54%). Announcement • Nov 15
Ethernity Networks Ltd. Announces Director Changes Ethernity Networks Ltd. announced that, following the conclusion of their second three-year terms in office as external directors of the Company, Chen Saft-Feiglin and Zohar Yinon will cease to act as directors of the Company with immediate effect. Under Israeli Companies Law (‘Companies Law’), the term of office of an external director is three years, which can be extended for two additional three-year terms, subject to the approval of shareholders at a general meeting. Mrs. Saft-Feiglin and Mr. Yinon have informed the Company that they will not be seeking to extend their roles for a third term. In accordance with the Companies Law, the Company will be required to appoint two new external directors to the Board of Ethernity and such directors must meet certain statutory requirements of independence. Given the current financial constraints faced by the Company in the ongoing temporary suspension of proceedings (‘TSP’) process, the Company will seek to finalise the appointment of the new external directors within three months of the conclusion of the TSP and further updates will be made in due course. The composition of the Company's audit, nominations and remuneration committees will be finalised following the appointment of the new external directors. In the interim period, Yosi Albagli (Non-executive Chairman) and Richard Bennett (Independent Non-executive Director) remain as independent non-executive directors of the Company. Reported Earnings • Sep 26
First half 2023 earnings released: US$0.033 loss per share (vs US$0.046 loss in 1H 2022) First half 2023 results: US$0.033 loss per share. Revenue: US$1.40m (up 99% from 1H 2022). Net loss: US$3.61m (loss widened 3.2% from 1H 2022). Announcement • Jul 26
Ethernity Networks Ltd. Announces CFO Change, Effective 31 July 2023 Ethernity Networks Ltd. announced that by mutual agreement, Mark Reichenberg, Chief Financial Officer, will be stepping down from the Board with effect from 31 July 2023. The Board has commenced an internal and external search for a suitable candidate for the role of Chief Financial Officer and the Company will make a further announcement in due course. In the interim period, Ayala Deutsch, Vice President of Finance, will manage the CFO duties. 