EnSilica Earnings Call Transcripts
Fiscal Year 2026
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Record first-half revenues rose 37% to £12.7 million, driven by chip supply and NRE growth, with EBITDA up £1.9 million year-over-year. 95% of full-year revenues are contracted, supporting strong guidance, and operational cash flow positivity is expected by end-2026.
Fiscal Year 2025
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Six new NRE design wins and a doubling of supply revenue offset a decline in total revenue due to project delays. Gross margin improved, cash consumption slowed, and FY2026 is expected to see significant revenue growth with strong contract visibility.
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Revenue was flat at £9.3m, but chip supply revenue surged 164% and five major contracts were won, boosting future revenue visibility. Gross margin is expected to recover in H2, with supply revenue set to double in FY2026 and cash flow positivity targeted by year-end 2026.