ESK

ETHERSTACK CDI 1:1 [ESK]
Etherstack plc, a wireless technology company, engages in the development, manufacture, licensing, and sale of mission critical radio technologies to equipment manufacturers and network operators in the United Kingdom, the United States, Europe, Japan, and Australia. The company's technology enables push-to-talk communications; and advanced digital land mobile radio (LMR) and cellular and satellite networks. It offers a range of cryptographic solutions, including P25 security suite, which unites AES/DES P25 encryption engine with P25 key fill device support for complete P25 subscriber encryption; P25 key management facility; P25 security dongles; and FIPS 140-2 cryptographic module, a single-board security device that implements APCO P25 encryption, decryption, and key management and storage services in conformance with FIPS140-2 standards. It also designs, develops, supplies, and licenses wireless air interface protocol stacks for third-party defence and critical communications radio manufacturers. In addition, the company offers LTE interworking function for LMR; LMR protocol stacks; and LMR voice and data systems. Further, it provides tactical and satellite solutions, such as P25 tactical repeater, which is a compact, battery-powered, and rapidly deployable analog for stand-alone or network augmentation use; and IVX, a small form factor push-to-talk over IP radio for encrypted voice and data communications. The company serves carrier, defense, public safety, utilities, and resource sectors. The company was formerly known as MM&S (5698) plc and changed its name to Etherstack plc in May 2012. Etherstack plc was founded in 2002 and is based in Chippendale, Australia.
Technology · ASX Small Cap
$0.5850 -5.6%

Updated 3 Sep 2026 · Signals refresh every scan

Appeared in 2 consecutive scansFirst seen: 2026-03-05
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Active Signals

Bullish Signals

  • Trading above both moving averages — the trend is your friend here
  • Above-average volume (1.9x) on a red day — sellers in control
  • Watch out — volume is flowing out even as price holds up. Distribution pattern
  • Drifting lower — down 4.9% over the last 5 days
  • Beating the Small Ords index — relative strength of 1.13, so it's outpacing the pack
  • Volume-price trend suggests distribution — sellers may be sneaking out while price holds
  • Trading above the 200-day average — the long-term trend is on your side
  • Cash positive / operating cashflow positive
  • Moderate P/S ratio (7.0x)
  • Strong revenue growth (+40%)
  • EPS estimates revised upward (+10pts)
  • Small-cap ($20-100M)
  • Earnings in sharp decline (-66% QoQ)
  • CANSLIM S: Tight float (42%)
  • Turned profitable (NPAT positive from results)
  • Sentiment is mixed — no strong consensus either way
  • Revenue growing at +40% — the top line is moving in the right direction
  • RBA hiking (-3pts)

Risk Signals

  • Stochastic turning bearish from a high level — caution
  • Post-earnings drift: negative surprise (SUE -10)
  • Negative profit margins (-12%)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Long-term momentum is negative — down 26% over the past year
  • Earnings momentum has turned negative — worth checking what's behind it
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Recent Catalysts

NONE UK Government Project Revenue Increase
NONE Notification of cessation of securities - ESK
NONE Application for quotation of securities - ESK
LOW Half year results investor presentation
Announcement tone +3pts

Recent ASX Announcements

2026-08-30 UK Government Project Revenue Increase PRICE SENSITIVE
2026-08-28 Notification of cessation of securities - ESK
2026-08-28 Application for quotation of securities - ESK
2026-08-19 Half year results investor presentation PRICE SENSITIVE
2026-08-19 Half Yearly Report and Accounts PRICE SENSITIVE

Key Metrics

$87.8M
Market Cap
48K
Avg Volume
1.9x
Vol Ratio
$0.35 — $0.82
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-18.1%
ROE
-12.4%
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: -66%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandpassFloat: 42%
LLeader vs LaggardpassRS: 8
IInstitutional SponsorshipweakInst: 4%
MMarket DirectionneutralNeutral

Sector: Technology

96 tickers in this sector

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