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Pin to quick picksConcurrent Technologies Share News (CNC)

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EARNINGS AND TRADING: Celebrus swings to profit; Aquila revenue flat

Mon, 27th Nov 2023 14:00

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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Celebrus Technologies PLC - Middlesex, England-based data management platform, formerly known as D4t4 Solutions PLC - Says revenue in the six months to September 30 grew 60% to GBP13.0 million from GBP8.1 million the year before. Swings to pretax profit of GBP252,000 from a GBP1.1 million loss in the first half of financial 2023. Lifts interim dividend by 4.5% to 0.92 pence per share from 0.88p per share a year prior. Looking ahead, it says it is confident in achieving its full year market expectations of GBP32.1 million in revenue and GBP5.4 million in adjusted pretax profit. Chief Executive Officer Bill Bruno says: "Several key steps have been taken to further our strategy in the first half of the financial year. Not only have we delivered the expected results and continue to remain confident in our ability to meet market expectations for the full year, but we have continued to invest in Sales and Marketing and are seeing the positive effects in the form of building pipeline momentum... We continue to focus on driving ARR and our ability to build scalable, single-tenant, cloud-based environments for our Celebrus customers."

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Aquila Services Group PLC - London-based management consultancy services provider - Says revenue in the first half of its financial year ending March 31 is unchanged year-on-year at GBP5.9 million. Pretax profit drops 69% to GBP93,000 from GBP302,000 the year before. Interim dividend remains unchanged YoY at 0.25p per share. Looking ahead, notes a positive outlook for the second half of the year.

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Concurrent Technologies PLC - Essex, England-based designer and manufacturer of computer boards -

Expects to deliver full-year revenue ahead of market expectations of GBP27 million. Says revenue for the six months to December 31 is expected to be "substantially higher" than a year ago, due to the "strength of order intake over the preceding 24 months enabled by the significant investment in product development undertaken to facilitate new customers and design wins." CEO Miles Adcock says: "The performance of the team across the company has been exceptional throughout the year and, coupled with the continued easing of supply chains, we have seen revenue run rates almost double when compared to historical norms. Our success with design wins provides confidence that order intake moving forward will continue the current level of strong performance which will position us well to enjoy further growth through [2024] and beyond.

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San Leon Energy PLC - Nigeria-focused oil and gas production, development and exploration company -

Says it has not received payment of up to USD187 million from Tri Ri Asset Management Corp. Says it continues to work with TRAM to "understand the reasons for the delay and to enable funds to be released." Previously confirmed that all conditions precedent to its investment have been satisfied, and requested draw down of the USD125.0 million convertible secured loan. Says that Tri Ri Asset has confirmed that payment has been made.

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Lexington Gold Ltd - Signs deal with Discovery Drilling for 2,000 metre drill programme at the Bothaville project in Witwatersrand Gold Basin, South Africa. Expects drilling to start in mid-December. Chair Ed Nealon says: "This initial drilling campaign is being undertaken on the very prospective Bothaville NE tenements located 70 km NE of the world-famous Welkom Goldfield. The target is the shallow A-Reef horizon which subcrops at a depth of only 250m. Previous drilling has indicated good grades for the A-Reef and at such a shallow depth this represents a viable target for the economic development of a Witwatersrand reef horizon. This is a very interesting start to Lexington's campaign seeking to discover a new and viable gold reef horizon in a region of obvious gold mineralisation."

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TruSpine Technologies PLC - London Gatwick Airport-based medical device company - Continues to be in talks with the US Food & Drug Administration over its 510(k) application for Cervi-LOK. Last month, the FDA confirmed it had completed the technical screening of TruSpine's 510(k) submission, which was submitted in late July, but sought further clarification on certain matters. The application was placed on technical screening hold "until such time the relevant information requested has been provided to the FDA", adding that the submission could remain on hold until March 25 next year. Cervi-LOK is a screw free spinal stabilisation system.

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By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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24 Apr 2024 13:12

Concurrent Technologies wins $1.57m contract with US client

(Sharecast News) - Concurrent Technologies announced a $1.57m contract with a major global US prime contractor on Wednesday, for the supply of commercial-off-the-shelf (COTS) products and testing services as part of the contractor's technology upgrade programme.

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24 Apr 2024 12:05

Concurrent awarded USD1.8 million contract from US defence company

(Alliance News) - Concurrent Technologies PLC on Wednesday announced it had signed a new contract with an undisclosed major US-based aerospace and defence company.

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9 Apr 2024 15:37

Concurrent Technologies launches VME single board computer Rhea

(Alliance News) - Concurrent Technologies PLC on Tuesday launched virtual machine environment single board computer Rhea, which it described as a further addition to its VME range of embedded processor boards.

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9 Apr 2024 12:47

Concurrent Technologies unveils new VME processor board

(Sharecast News) - Concurrent Technologies unveiled the latest addition to its VME range of embedded processor boards on Tuesday, dubbed 'Rhea'.

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4 Feb 2024 17:11

Sunday share tips: Concurrent Technologies, Mpac

(Sharecast News) - The Financial Mail on Sunday's Midas column touted shares of Concurrent Technologies to readers, arguing that the company was in the right spot and at the right time.

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17 Jan 2024 12:56

IN BRIEF: Concurrent expects revenue hike in "outstanding year"

Concurrent Technologies PLC - Essex, England-based computer board manufacturer - Expects revenue for 2023 to be 5% ahead of Cavendish Capital Markets Ltd expectations of GBP29.5 million, based on its unaudited management accounts. Says adjusted pretax profit will also come up "slightly ahead" of Cavendish's GBP3.5 million expectations. This would make 2023 a "record year" for Concurrent, with revenue increasing from GBP18.3 million in 2022.

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21 Dec 2023 15:37

Concurrent Technolgies secures £2.2m air defence contract

(Sharecast News) - Concurrent Technologies announced a contract worth £2.2m on Thursday for supplying VME processor boards to a significant multinational European defence prime contractor for integration into air defence systems.

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21 Dec 2023 12:22

IN BRIEF: Concurrent Technologies wins GBP2 million contract

Concurrent Technologies PLC - Essex, England-based designer and manufacturer of computer boards - Secures a GBP2.2 million contract to supply an unnamed "major multi-national European defence prime contractor" with VME Processor Boards for deployment in air-defence systems. Says the contract will be fulfilled over the next five years. "The multi-year contract with a flagship client highlights the potential of the company's current generation VME boards in a substantial market," it adds.

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9 Nov 2023 13:47

EARNINGS AND TRADING: MetalNRG hails Gold Ridge findings

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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28 Sep 2023 13:07

TRADING UPDATES: Zoo Digital expects revenue drop on Hollywood strikes

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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19 Sep 2023 16:26

EARNINGS: accesso Tech turns to loss on costs; DP Eurasia hails Turkey

(Alliance News) - The following is a round-up of earnings of London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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12 Sep 2023 15:44

UK earnings, trading statements calendar - next 7 days

Wednesday 13 September 
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Brave Bison Group PLCHalf Year Results
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CAB Payments Holdings PLCHalf Year Results
Central Asia Metals PLCHalf Year Results
Frontier Developments PLCFull Year Results
Made Tech Group PLCFull Year Results
On The Beach Group PLCTrading Statement
Pan African Resources PLCFull Year Results
Pharos Energy PLCHalf Year Results
Redrow PLCFull Year Results
Ricardo PLCFull Year Results
Star Energy Group PLCHalf Year Results
Tullow Oil PLCHalf Year Results
Thursday 14 September 
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Brooks Macdonald Group PLCFull Year Results
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Checkit PLCHalf Year Results
Churchill China PLCHalf Year Results
Foresight Solar Fund LtdHalf Year Results
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IG Group Holdings PLCTrading Statement
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Kier Group PLCFull Year Results
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Oakley Capital Investments LtdHalf Year Results
Renishaw PLCFull Year Results
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Trainline PLCTrading Statement
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Friday 15 September 
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VH Global Sustainable Energy Opportunities PLCHalf Year Results
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City of London Investment Group PLCFull Year Results
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Futura Medical PLCHalf Year Results
Greencoat Renewables PLCHalf Year Results
HgCapital Trust PLCHalf Year Results
Phoenix Group Holdings PLCHalf Year Results
S4 Capital PLCHalf Year Results
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accesso Technology Group PLCHalf Year Results
Billington Holdings PLCHalf Year Results
Big Technologies PLCHalf Year Results
C&C Group PLCTrading Statement
Concurrent Technologies PLCHalf Year Results
CPPGroup PLCHalf Year Results
Eagle Eye Solutions Group PLCFull Year Results
Fintel PLCHalf Year Results
Good Energy Group PLCHalf Year Results
Hargreaves Lansdown PLCFull Year Results
Henry Boot PLCHalf Year Results
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McBride PLCFull Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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6 Sep 2023 16:37

Concurrent Technologies sews up USD3.4 million Phillips Aerospace deal

(Alliance News) - Concurrent Technologies PLC on Wednesday said it completed the acquisition of Philips Machine & Welding Company Inc, or Phillips Aerospace, for around USD3.4 million.

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6 Sep 2023 14:19

Concurrent Technologies buys Phillips Aerospace form $3.38m

(Sharecast News) - Concurrent Technologies announced the successful acquisition of Phillips Aerospace on Wednesday, in a deal valued at $3.38m.

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