3 stories mentioning ASX:ESKUpdated 6d ago
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Etherstack (ASX:ESK) appointed Ryan Burchnell as group chief operating officer, effective immediately, according to a Tuesday Australian bourse filing.Burchnell most recently held the position of chief operating partner for the Hughes Fire Equipment family of companies, the filing added.
Etherstack (ASX:ESK) said unaudited revenue for the fiscal first half to June 30 came in at $8.5 million, at the top end of provided guidance and a 39% increase on the prior corresponding period, according to a Monday Australian bourse filing.The company reaffirmed fiscal 2026 revenue guidance of between $17.2 million and $18.9 million.Recurring support revenue are expected to exceed $5 million for the fiscal year ending Dec. 31, the company added.
Etherstack (ASX:ESK) said its North American unit Etherstack Inc. has signed a follow-on $830,000 deal to supply further digital radio communications technology to Daniels Electronics, a unit of Codan (ASX:CDA), according to a Monday Australian bourse filing.The company said the latest order follows on from a previous $2.3 million deal announced in December 2023, with hardware components manufactured by Etherstack in Australia.Etherstack management expects the follow-on revenue to be fully recognized in the current financial year ending Dec. 31, 2026, with equipment sales of this type typically providing for additional long-term support revenues, the filing added.Management expects first half revenue ending June 30, 2026 to meet or exceed previously provided guidance, with an update to follow post the end of the half-year period, it added.Etherstack's shares rose almost 7% in recent Monday trade, while Codan's shares shed about 1%.
