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Pin to quick picksCorero Network Share News (CNS)

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EARNINGS UPDATES: Northcoders swings to profit; AB Dynamics ups payout

Tue, 25th Apr 2023 14:54

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

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Iofina PLC - London-based iodine producer - Posts revenue of USD42.2 million for 2022, up from USD39.0 million in 2021. Pretax profit increases by 96% to USD10.0 million from USD5.1 million, as operating profit increases by 85% to USD9.6 million from USD5.2 million. Adjusted earnings before interest, tax, deprecation and amortisation amount to USD11.5 million, up 65% from USD6.9 million. Chief Executive Officer Tom Becker says "2023 has started well in terms of production from our existing plants and corresponding sales, with the market remaining strong and the company on track to meet its H1 production targets".

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Corero Network Security PLC - Amersham, Buckinghamshire-based distributed denial of service cyber defence solutions - Revenue for 2022 is USD20.1 million, down from USD20.9 million in 2021. Pretax profit falls to USD404,000 from USD1.4 million, as operating profit drops to USD676,000 from USD1.1 million a year earlier. Order intake, however, is up 13% to USD23.9 million from USD21.2 million. Looking ahead, says encouraged by the 2022 increase in new order intake, as it expects to grow its sales pipeline and revenue in 2023.

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Northcoders Group PLC - Manchester-based software coding training provider - Posts revenue of GBP5.6 million for 2022, up 86% from GBP3.0 million in 2021. Swings to a pretax profit of GBP346,429 from a loss of GBP523,588. Notes "significant growth in demand with 8,470 applications in 2022 compared to 3,662 in 2021. Cost of sales rises to GBP1.7 million from GBP848,392. Looking ahead, says trading to date has been in line with expectations. "We expect further significant growth in the year ahead with the balance weighted to the second half of the year", the firm says.

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AB Dynamics PLC - Bradford-on-Avon, Wiltshire-based testing systems and measurement products for the automotive market - Records revenue of GBP49.0 million for half-period ended on February 28, up 30% from GBP37.8 million a year before. However, pretax profit is down to GBP1.9 million from GBP2.3 million, as net finance expense is increased to GBP1.0 million from just GBP170,000 a year earlier. Declares an interim dividend of 1.94 pence each, up 10% from 1.76p a year prior. Looking ahead, says order book is solid, and keeps its expectations for 2023.

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By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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2 Jul 2018 10:25

Corero Network Security Receives USD500,000 Order For SmartWall System

LONDON (Alliance News) - Corero Network Security PLC said Monday it received a USD500,000 order for its SmartWall security system.The order comes from an unnamed North American service and

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27 Apr 2018 16:47

Miton Group More Than Triples Stake In Corero Network Security (ALLISS)

LONDON (Alliance News) - Corero Network Security PLC said Friday Miton Group PLC has taken its interest in the company to 15.9%.Prior to Thursday's transaction, Miton had a 5.3% stake

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26 Apr 2018 16:02

Corero Network Security Enters GBP3.0 Million Debt Facility

LONDON (Alliance News) - Corero Network Security PLC said on Thursday it has entered a new debt facility that will provide it with additional finance of up to GBP3.0 million, subject to the of the

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14 Mar 2018 12:54

Corero Network Security Wins Two Software Orders Worth USD900,000

LONDON (Alliance News) - Corero Network Security PLC said Wednesday it had received two orders for its digital security software worth a combined USD900,000 set

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9 Feb 2017 16:09

Corero finishes year 'strong'

(ShareCast News) - Network security company Corero Network Security provided an update on trading for the year to 31 December on Thursday. The AIM-traded company said it ended the year strongly, with record final quarter SmartWall order intake with 15 new customers added, including five new 'as-a-se

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9 Feb 2017 08:09

Corero Wins Contract, To Report Narrowed Loss For 2016

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4 Jan 2017 14:35

Pivot to service-based model paying off for Corero

(ShareCast News) - Network security company Corero Network Security announced on Wednesday that it has won five 'as-a-service' subscription-based contracts for its DDoS protection products and technology in the final quarter of 2016, with an aggregate annualised contract value of $0.3m. The AIM-trad

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3 Oct 2016 07:23

Corero Wins USD600,000 Worth Of Orders From Gambling Customers

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9 Sep 2016 16:03

Corero issues 6,666 shares as options are exercised

(ShareCast News) - Corero Network Security announced on Friday that it has allotted and issued 6,666 ordinary shares of 1p each in the capital of the company following the exercise of options. The AIM-traded company has made application for the 6,666 new ordinary shares to be admitted to trading on

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4 Jul 2016 06:56

Corero Network Security Wins USD400,000 In SmartWall System Orders

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23 May 2016 06:47

Corero Network Security Wins USD300,000 Order From US Mobile Firm

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26 Apr 2016 08:00

Corero Network Security Wins SmartWall System Deal In Germany

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21 Apr 2016 07:13

Corero Raises GBP8 Million As It Reports Slightly Widened Loss (ALLISS)

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14 Apr 2016 15:10

Earnings, Trading Statements Calendar - Week Ahead

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4 Apr 2016 07:16

Corero Wins SmartWall Order From European Hosting Provider

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