Trading UpdateSydney, May 14, 2021 AEST (ABN Newswire) - Etherstack plc (
ASX:ESK) wishes to provide a trading update in connection with trading in the first half of 2021 for the financial year ending 31 December 2021:
- Revenue Uplift: On the basis of orders previously announced management had noted that revenue for 2021 was expected to significantly outperform 2020 revenues. The Company is now in a position to provide quantitative guidance for the first half of 2021 noting that the non-recurring project revenues are characterised by a small number of large transactions and that as a consequence revenue trends may be volatile. Notwithstanding, the Company expects revenue for the half year ending 30 June 2021 to be in the range of US$3.1m to US$3.6m, representing an increase over the corresponding H1 period in 2020 of between approximately 30% to 50%.