Ensilica: Expectations Continue to Grow

Ensilica (LSE: ENSI) are 79.5p with a £106.1m mkt cap and this fabless, application-specific chipmaker has followed recent finals with two new contracts. The FY May 26 reported, in October, a 53% increase in revenue to £27.8m with a £5.9m EBITDA compared to break-even, with net cash of £7.6m and have since raised £14m at 91p in July to fund product and business development. The first contract for $2.4m follows a trial with a US healthcare technology company to develop and supply a wireless biosensing and therapeutic controller with the end application using cloud-based artificial intelligence ...