Ethernity Networks Ltd. (GB:ENET) has released an update.
Ethernity Networks Ltd., a key player in data processing semiconductor technology, has reported a year of financial growth for 2023, with a 29% increase in revenue to $3.8 million and a 46% rise in gross profit to $2.3 million. Despite global economic challenges, the company decreased its operating loss by 27% and more than halved its EBITDA loss. With $2 million in cash at year-end and new customer contracts expected, Ethernity is poised for future expansion and revenue opportunities in 2024 and beyond.
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