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Pin to quick picksConcurrent Technologies Share News (CNC)

Share Price Information for Concurrent Technologies (CNC)

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Share Price: 101.50
Bid: 100.00
Ask: 103.00
Change: 2.50 (2.53%)
Spread: 3.00 (3.00%)
Open: 99.00
High: 101.50
Low: 99.00
Prev. Close: 99.00
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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.

More News
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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25 Aug 2023 11:42

IN BRIEF: Concurrent Technologies retail share offer oversubscribed

Concurrent Technologies PLC - Essex, England-based designer and manufacturer of computer boards - Raises GBP300,000 from retail offer of new shares at 65 pence each. The 461,538 shares taken up by retail investors is added to 10.0 million placing shares, which raised GBP6.5 million at the same price. The fund raise was conducted to support a conditional agreement to buy Phillips Machine & Welding Co Inc for USD3.4 million, which Concurrent had announced last week. The company also will issue 1.8 million in consideration shares for the purchase, bringing total new shares to 12.3 million. As the retail offer was oversubscribed, existing shareholders received 67% of their application.

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17 Aug 2023 15:43

UK shareholder meetings calendar - next 7 days

Friday 18 August 
Adams PLCAGM
ME Group International PLCGM re proposed share buyback
Oxford BioDynamics PLCGM re placing
Pathfinder Minerals PLCGM re disposal of the subsidiary
Monday 21 August 
Calculus VCT PLCAGM
Home REIT PLCGM re changes to the investment policy
Tuesday 22 August 
Cake Box Holdings PLCAGM
ReNeuron Group PLCAGM
RUA Life Sciences PLCAGM
Smoove PLCAGM
STM Group PLCAGM
Wednesday 23 August 
Brandshield Systems PLCAGM
James Latham PLCAGM
LifeSafe Holdings PLCGM re shareholder circular
Momentum Multi-Asset Value Trust PLCGM re appointment of the liquidators
Sovereign Metals LtdGM re share placement options
Thor Energy PLCGM re proposed share consolidation
Thursday 24 August 
Ananda Developments PLCAGM
Concurrent Technologies PLCAGM
CyanConnode Holdings PLCAGM
Nuformix PLCAGM
Oryx International Growth Fund LtdAGM
ThomasLloyd Energy Impact Trust PLCAGM
ThomasLloyd Energy Impact Trust PLCGM re market purchases of its own ordinary shares
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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16 Aug 2023 09:44

Concurrent Technologies buys Phillips Machine; unveils fundraise

(Alliance News) - Concurrent Technologies PLC on Wednesday said it has entered into a conditional agreement to buy Phillips Machine & Welding Co Inc for USD3.4 million.

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8 Aug 2023 13:12

Concurrent Technologies ships new version of flagship plug-in card

(Alliance News) - Concurrent Technologies PLC on Tuesday said it has engineered and now shipped a new version of a flagship 3U VPX plug-in card.

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1 Aug 2023 14:26

TRADING UPDATES: MaxCyte strikes deal; Barkby sells Workshop

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

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17 Jul 2023 10:44

AIM WINNERS & LOSERS: Searchlight puts Gresham House in spotlight

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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17 Jul 2023 10:28

Concurrent shares surge as it expects "record" first half revenue

(Alliance News) - Concurrent Technologies PLC on Monday said it expects profit to multiply in the first half of 2023 from a year earlier, as revenue is believed to reach record levels for the computer boards designer and manufacturer.

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30 Jun 2023 11:56

Concurrent annual profit and revenue falls in "tough year" for sector

(Alliance News) - Concurrent Technologies PLC said on Friday that its annual profit had fallen and its revenue was down due to constraints of component supplies.

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19 Jun 2023 10:59

Concurrent Technologies confident for 2023; delays full-year results

(Alliance News) - Concurrent Technologies PLC on Monday said it looks ahead with confidence, despite noting a delay in its 2022 results.

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12 Jun 2023 10:49

Concurrent secures GBP1.3 million contract with unnamed FTSE 250 firm

(Alliance News) - Concurrent Technologies PLC on Monday said it secured a contract with an unnamed FTSE 250 firm to supply a custom set of embedded systems for a national defence installation.

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7 Jun 2023 10:00

IN BRIEF: Concurrent Technologies signs distribution deal with SoC-e

Concurrent Technologies PLC - Essex, England-based designer and manufacturer of computer boards - Signs a distribution agreement with SoC-e, which will allow it to offer SoC-e's portfolio of Relyum advanced networking solutions to UK and US markets. Says deal further strengthens its position in the delivery of cutting-edge solutions for the aerospace and defence sectors. SoC-e, whose full name is System-on-Chip Engineering SL, is a Biscay, Spain-based supplier of ethernet communication equipment.

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21 Mar 2023 14:22

Concurrent Technologies agrees reconfigurable processors reseller deal

(Alliance News) - Concurrent Technologies PLC on Tuesday said it entered into a reseller agreement with Alpha Data Parallel Systems Ltd to include its range of reconfigurable processors within Concurrent Technologies' system products.

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4 Jan 2023 09:55

Concurrent Technologies expects 2022 revenue ahead of expectations

(Alliance News) - Concurrent Technologies PLC on Wednesday said it expects 2022 revenue to be around 10% ahead of market expectations.

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4 Jan 2023 08:53

Concurrent Technologies FY revenues seen ahead of expectations

(Sharecast News) - Manufacturer Concurrent Technologies said on Wednesday that it expects full-year revenues to be roughly 10% ahead of market expectations, while pre-tax profits were pegged to be "at least" in line with estimates.

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