Latest Etherstack (ASX:ESK) News

Small-cap tech trading split into two clear camps this week: profit-backed winners and capital-raising laggards. Big contracts, rising recurring revenue and a major takeover kept money flowing into selected names.

Etherstack posted a record US$8.5 million revenue in the first half of FY26, hitting the top end of guidance and setting the stage for a 70% full-year growth over FY25. The company’s expanding order book and Communications-as-a-Service rollout underpin a strategic capital review.

Small-cap tech trading was split between one huge contract-driven winner and a long list of capital raisings, AI launches and legal worries. Orcoda surged, ClearVue slumped, and Credit Clear fell hard as investors picked between real revenue, fresh funding and rising uncertainty.

Etherstack's North American arm has landed a US$0.83 million follow-on deal with Codan subsidiary Daniels Electronics, extending a major contract from late 2023. The revenue is expected to be recognised fully in FY26, reinforcing the company’s growth trajectory.

Robotics, AI chips and defence software drove the week’s biggest technology moves, but not every early jump held. Investors chased clear revenue growth and contract wins, while cash pressure and equity raisings kept a lid on parts of the sector.

Etherstack has smashed its first half revenue record for FY26 with strong government contract deliveries, prompting an upward revision of full-year revenue guidance to as much as US$18.9 million.

A brutal sell-off in PEXA swamped an otherwise upbeat week for small-cap tech, where contract wins and product launches did the heavy lifting. RocketBoots led the gainers as investors paid up for near-term rollout revenue, while Adveritas rallied on a big push into self-serve SME sales.

Etherstack’s Australian subsidiary Auria Wireless has landed a multi-year contract with the Department of Home Affairs, valued at around A$9 million initially and potentially rising to A$15 million with extensions.

A small-cap tech week where one US gaming platform build lit the fuse, while a big semiconductor raise kept sliding after the halt. Deals and contracts did the heavy lifting, but several “open higher, finish lower” sessions showed buyers are still picky.

Etherstack plc has secured a significant revenue uplift from a scope change in its primary UK government project, adding £1.53 million to its future earnings forecast for FY27.

Small caps stole the week, led by a big funding deal in gold and two revenue breakouts. Meanwhile, some well-known names slid after profit updates failed to calm nerves on costs and outlooks.

One microcap exploded higher on a tiny capital raise, while several software names were sold hard despite reporting growth. The week split cleanly between “cash in the bank” stories and “still burning cash” worries.