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Highlights

  • EnSilica reported FY24 revenue of GBP 25.30 million, a 23.4% increase from FY23
  • The company’s key contracts include a GBP 2.5 million satellite chip deal and a EUR 3.8 million automotive project
  • The company remains optimistic for FY25 with a strong order book and growth potential in semiconductor markets

EnSilica PLC (LSE: ENSI) is an AIM-listed company with a market cap of GBP 38.56 million. It specializes in mixed-signal ASICs for OEMs and system integrators.

In FY24, the company reported a revenue of GBP 25.30 million, a 23.4% increase from GBP 20.50 million in FY23, driven largely by robust growth in its NRE/Supply revenue streams, particularly within the satellite communications division.

EBITDA also saw a modest increase, rising by GBP 0.10 million from GBP 1.60 million in FY23 to GBP 1.70 million in FY24. In terms of business operations, EnSilica has secured several important contracts. These include a GBP 2.5 million deal for its satellite broadband chip. The company also signed a EUR 3.8 million contract with a European automotive and industrial supplier for an Arm-based chip.

In addition, EnSilica secured its first IP license for a cryptography accelerator. Furthermore, the company signed an ASIC supply contract worth over USD 7 million in the e-mobility market.

Company Outlook

The company has had a strong start to FY25, hitting key milestones and gaining traction in sectors like automotive and industrial. It is expected that revenue will be stronger in the 2HFY24. With a solid order book and an active pipeline, the company is optimistic about its short-term outlook. However, if customer payments are delayed, additional external financing may be required. Overall, the company states that it is well-positioned to benefit from growth in the semiconductor industry.

Top 10 Shareholders

The top 10 shareholders of ENSI collectively own approximately 58.47% of the total shares. The largest shareholder is Ian William Ernest Lankshear, holding about 16.60%, followed by Richard Ashley Hamer with around 7.14%, as shown in the chart below.

 Stock Information

The stock price of ENSI has declined by approximately 15% in the past month and has fallen by around 8.31% in the past three months. The stock's 52-week low is GBX 29.00, and its 52-week high is GBX 75.00. As of 12 November 2024, the stock closed at  GBX 40.8.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 12 November 2024. The reference data in this report has been partly sourced from EODHD/Others.