Etherstack plc (ESK) Earnings Call Transcripts

Etherstack plc's Latest Earnings Call - June 24, 2026

Etherstack plc reported a record revenue year for FY 2025, exceeding USD 10 million for the first time, with an EBITDA of USD 2 million, representing a 20% margin. However, the company posted a statutory loss of USD 700,000, primarily due to foreign exchange charges and one-off costs. Key highlights include significant deals with AT&T FirstNet and the U.K. Home Office, each valued around USD 20 million. Management remains optimistic about future growth, particularly in the mission-critical push-to-talk business, with expectations of reaching USD 10 million in annual recurring revenue by FY 2028.

Reported metrics

Guidance from management

Management expects EBITDA margins to improve in the next 6-12 months and aims to achieve USD 10 million in annual recurring revenue by FY 2028.

What management said

Thanks, David. We've got a question on the portal from Mr. Stephen Mayne. I'm a relatively new shareholder. Could Founder, CEO and 34% shareholder, David Deacon, please briefly summarize the company's history in terms of being headquartered in Sydney, incorporated in the U.K., listed on the ASX all while he runs the company from his base in New York, what is the rationale for this unusual structure? And wouldn't it m...

Thanks, David. There's another question on the Q&A form from Mr. Stephen Mayne. Having served on the Board since 2007 and has chaired since 2012, could Peter Stephens please comment on his current intentions in terms of retirement and chair succession. How old is he? And does he believe the next year is he currently serving on the Board. Also, what is the history of his relationship, we founded David Deacon, some gov...

What analysts pressed on

Analysts questioned the company's global structure and governance, particularly the independence of long-serving directors. Concerns were also raised about the high fees paid for a recent capital raising and the lack of a share purchase plan for retail investors.

Main topics on the call

• Record Revenue Achievement — Etherstack achieved a record revenue exceeding USD 10 million for the first time in FY 2025. This growth was driven by significant contracts with AT&T and the U.K. Home Office.
• Mission-Critical Push-to-Talk Business — The company highlighted its high-growth mission-critical push-to-talk business, which involves transitioning traditional radio solutions to 4G and 5G networks. Key partners include AT&T, Telstra, and Nokia.
• Recurring Revenue Growth — Annual recurring revenue increased by 62% to USD 3.7 million, driven by the AT&T FirstNet solution entering controlled introduction.
• Large Contract Wins — Etherstack secured two record deals with AT&T FirstNet and the U.K. Home Office, each valued at approximately USD 20 million, marking a transformational year for the company.

Read the full Etherstack plc transcript (June 24, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 3 Etherstack plc earnings call transcripts on record, spanning June 18, 2025 to June 24, 2026. Based on this history, Etherstack plc reports semi-annually. The most recent call on file is dated June 24, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ESK

Exchange

ASX

Country

AU

Sector

Information Technology

Industry

Software

Calls on record

3

First call

June 18, 2025

Most recent

June 24, 2026

Reporting cadence

semi-annually