Shares in EnSilica PLC (AIM:ENSI) jumped 10% after it landed a $7 million order for an edge AI processing chip from a new customer.
Included is a non-recurring engineering component and initial wafer supply. EnSilica expects around $5 million of this revenue within the current financial year and anticipates over $50 million in supply revenue over the next five years.
Additionally, the company has secured more than $2 million in services and NRE bookings since the start of the financial year on June 1, reflecting strong initial performance.
In early trading, the stock was changing hands for 52.26p, up 4.76p.