Australia's Etherstack eyes best day in nearly 11 mths on $400,000 govt contract

Etherstack

26/05/2021 03:56

** Shares of wireless communications software developer
 ESK.AX  jump as much as 10.7% to A$0.570, set for best session
since July 9, 2020
    ** Co's unit Auria Wireless Pty Ltd receives contract from
Australian govt's Department of Home Affairs  urn:newsml:reuters.com:*:nASX1q4Pz0
    ** Under the A$515,000 ($400,000) contract, co to supply its
technology and associated services 
    ** ESK says rev associated with contract to be fully
recognised in FY ending Dec. 31, 2021
    ** Stock at its highest since May 5
    ** Stock down 16.9% this year, as of last close
    

($1 = 1.2875 Australian dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))