Etherstack: Reveals cashflow positive June quarter after major Samsung deal
- Etherstack has released a strong quarterly report and trading update soon after its thousandfold share price increase in late June
- After signing a major deal with Samsung, the company’s shares increased by over 1300 per cent in one day at the end of June
- Since then, shares have corrected to back under a dollar but still well above their 2020 average
- Today, the company revealed some strong customer receipts over the June quarter, which it ended cashflow positive by roughly $2 million
- Moving forward, Etherstack has just over $2 million in the bank to play with
- After today’s report, shares in the company are trading almost 18 per cent higher and worth 84 cents each
