November 21, 2014 3:17 PM ET

Software

Company Overview of Etherstack plc

Company Overview

Etherstack plc, a wireless communications software company, develops software for use in transceivers. Its software enables transceivers to communicate with a radio network and other transceivers. The company operates through four divisions: Protocols, RF Products, Networks, and Rapid Prototyping. The Protocols division develops air interface protocol stack software for use in mobile radio equipment, as well as in fixed radio networks. This division provides its protocol stack software to companies that manufacture radio communication equipment. It also offers software defined radio technology, which allows a single piece of hardware to communicate using various protocols for military applic...

27-28 Poland Street

Soho

London,  W1 8QN

United Kingdom

Founded in 2012

47 Employees

Phone:

44 20 7734 0200

Fax:

44 20 7734 0210

Key Executives for Etherstack plc

Founder
Total Annual Compensation: $260.0K
Compensation as of Fiscal Year 2013.

Etherstack plc Key Developments

Etherstack plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

Etherstack plc reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported revenue from ordinary activities of USD 3,373,000 compared to USD 1,785,000 a year ago. Loss before tax was USD 1,565,000 compared to USD 2,930,000 a year ago. Loss after taxation attributable to the equity holders of the parent was USD 1,539,000 or 4.81 cents per basic and diluted share compared to USD 3,152,000 or 9.86 cents per basic and diluted share a year ago. Net cash flow from operating activities was USD 1,298,000 compared to net cash used in operating activities of USD 19,000 a year ago. The increase in revenue for the half year was driven by higher levels of project activity on the Group's Australian utility project and the Group's first ever orders from the Commonwealth of Australia for tactical communications equipment. As noted previously, the nature of Etherstack business means that revenues for a period can be impacted by the timing of a small number of large transactions.

Etherstack plc, Annual General Meeting, Jun 23, 2014

Etherstack plc, Annual General Meeting, Jun 23, 2014., at 10:00 GMT Standard Time. Location: The company's offices, level 1. Agenda: To receive and adopt the accounts of the company for the year ended December 31, 2013 and the Directors' and Auditors' reports thereon; to re-appoint Grant Thornton UK LLP as Auditors to hold office until the conclusion of the next meeting at which accounts are laid before the Company and to authorise the Directors to fix their remuneration; to consider the approval for the issue of up to 416,667 fully paid ordinary shares; to consider the approval for the issue of options to Mr. Peter Stephens, Mr. Paul Barnes and Mr. Scott Minehane; to allot equity securities up to an aggregate nominal amount of £12,792; to make market purchases of ordinary shares of 0.4 pence each in the capital of the company and to cancel or hold in treasury such shares; and to consider other issues.

Etherstack plc Auditor Raises 'Going Concern' Doubt

Etherstack plc filed its Annual on Mar 30, 2014 for the period ending Dec 31, 2013. In this report its auditor, Grant Thornton, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

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