Etherstack plc provided earnings guidance for the full year ending December 31, 2014. For the year, the company's revenue expected to exceed USD 7.1 million, a 37% increase over 2013. The company expected strong second half revenues provided positive cashflows.

Subject to completion of the audit, full assessment of the amortisation charge on its intellectual property portfolio and an extraordinary charge of approximately USD 460,000 representing legal fees on the previously disclosed matter, the company expects to report a positive EBITDA. The company expects a significantly improved NPAT figure over 2013 which will still be negative due to the aforementioned amortisation and extraordinary charge. The company has continued to see growth in its recurring revenues from both royalty and long term support agreements.