EnSilica Announces Trading Update Amid Customer Project Delays

Ensilica PLC ( (GB:ENSI) ) has issued an announcement.

EnSilica plc, a prominent player in the mixed signal ASIC industry, has announced a trading update for the year ending May 31, 2025. The company has secured six new design and supply contracts, expected to generate over $40 million in NRE revenues over the next two years and over $250 million in chip supply revenues. However, delays in two major customer projects will reduce NRE revenues for FY 2025, impacting anticipated revenues and EBITDA. Despite these setbacks, EnSilica remains confident in its growth trajectory, with a strong order book and plans to achieve positive cash generation by the end of FY 2026.

More about Ensilica PLC

EnSilica plc is a leading fabless design house specializing in custom ASIC design and supply for OEMs and system houses, as well as IC design services for companies with their own design teams. The company has expertise in supplying custom RF, mmWave, mixed signal, and digital ICs to international customers in the automotive, industrial, healthcare, and communications markets. Headquartered near Oxford, UK, EnSilica has design centers in the UK, Bangalore, India, and Porto Alegre and Campinas, Brazil.

YTD Price Performance: -10.34%

Average Trading Volume: 139,769

Technical Sentiment Signal: Strong Buy

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