EnSilica PLC (AIM:ENSI) shares ratcheted up by a fifth this Monday following publication of the chipmaker’s interim results.
Revenues came in 11.5% higher year on year at £9.6 million on a 43.9% gross margin.
While operating profit was marginal, EnSilica noted numerous highlights including a tape-out milestone for the design and supply of an industrial ASIC with production revenues estimated to be worth in excess of $30 million over seven years.
“Pleasingly, this significant new business momentum has continued into the second half of the financial year,” remarked chief executive Ian Lankshear.
“EnSilica has already signed a multi-million-pound initial mandate with an established telecoms equipment supplier, whilst we recently achieved a new milestone by securing our first customer licence with a leading semiconductor supplier through release of our Post-Quantum Cryptography accelerators IP.”
Shares were swapping for 62p as of 9.15am.