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Pin to quick picksCyanconnode Share News (CYAN)

Share Price Information for Cyanconnode (CYAN)

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EARNINGS SUMMARY: CyanConnode revenue rises, Grafenia loss widens

Wed, 26th Jul 2023 14:46

(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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FRP Advisory Group PLC - London-based corporate finance, restructuring and debt adviser - Revenue in its financial year ended April 31 rises to GBP104 million, from GBP95.2 million the prior year. Pretax profit is GBP14.6 million, down 3.3% from GBP15.1 million. Adjusted underlying earnings before interest, tax, depreciation, and amortization rise 5.0% to GBP15.6 million, from GBP15.1 million. Chief Executive Officer Geoff Rowley says: "The group made strong progress in the financial year to April, with growth in the team, profits and dividends." FPR recommends a final dividend of 2.05 pence per share for its financial year, and a total dividend rise of 7.0% at 4.6 pence per share, from 4.3p the prior year.

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CyanConnode Holdings PLC - Cambridge, England-based narrowband radio frequency mesh networks provide - Revenue in financial year ended March 31 rises 23% to GBP11.7 million, from GBP9.6 million the prior year. Pretax loss widens to GBP3.4 million, from GBP1.2 million. Loss before interest, tax, depreciation and amortization widens to GBP2.9 million, from GBP400,000. Cash position increases to GBP4.1 million, from GBP2.4 million. Executive Chair John Cronin says: "Financial 2023 has once again shown record revenues and orders won, and a fourth year of consecutive growth."

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Aptitude Software Group PLC - London-based subscription management and finance digitalization company - Annual recurring revenue for first half ended June 30 rises by 3.0% to GBP49.8 million, from GBP48.2 million. Pretax profit falls 11% to GBP1.7 million, from GBP1.9 million. Revenue is up 4.0% to GBP37.5 million, against GBP36.1 million. Cash and cash equivalents increase by 4.0% to GBP24.5 million, from GBP23.6 million at the same point the previous year. The company declares an interim dividend of 1.8 pence per share, unchanged from the previous year. "Recognising the impact of economic uncertainty, the board took action to reduce cost in the first half of 2023 to underpin its profit expectations for the remainder of the year and increase operational efficiency in future years... The group has demonstrated resilience against the challenging economic backdrop, continuing to generate new business across each strategic growth driver and in geographically diverse locations," says Chair Ivan Martin.

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Grafenia PLC - Manchester-based printing and software company - Pretax loss widens to GBP2.6 million, from GBP1.7 million the year before. Earnings before interest, tax, depreciation and amortization up 39% to GBP460,000 from GBP330,000 the year before. Net cash rises to GBP1.99 million from GBP1.59 million in the year. Net debt widens to GBP16.7 million, from GBP5.3 million. Chief Executive Gavin Cockerill says: "We now have a well developed deal process and acquisition 'flywheel' which has resulted in four new acquisitions during the previous financial year and a healthy pipeline of deal flow."

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RC365 Holding PLC - London-based company, which focuses on payment gateway solutions and IT support services - Revenue for year ended March 31 rises 86% to HKD16.9 million, about GBP1.7 million, up from HKD9.1 million year-on-year. Pretax loss widens to HKD5.4 million from HKD3.9 million. Net cash stood at HKD9.5 million at March 31, down 59% from HKD23.4 million the year prior. The board says it is optimistic for financial 2024, and that the company has a growing pipeline of potential opportunities.

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By Will Neill, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved

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18 Sep 2018 15:57

CyanConnode rockets after record $11.6m purchase order

(Sharecast News) - CyanConnode scored its largest order to date for the Omnimesh IPv6-based smart metering solution on Tuesday with the receipt of $11.6m purchase from an Indian state-owned utilities firm.

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23 Jul 2018 11:30

CyanConnode gets new 10,000 unit order for India

(Sharecast News) - Narrowband radio mesh network technology company CyanConnode announced the receipt of a purchase order from Larsen & Toubro for its 'Optimal' technology on Monday, for 10,000 smart metering units in India.

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6 Feb 2017 09:03

CyanConnode Receives Panmesh Software Licence Order From Swedish Firm

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6 Feb 2017 08:14

CyanConnode receives order for 100,000 software licences from Swedish system integrator

(ShareCast News) - AIM-listed clean technology firm CyanConnode has received an order for 100,000 software licenses from HM Power Metering, a Swedish-based systems integrator, to implement smart grid and internet of things systems. The purchase order is expected to cover HM Power's initial requireme

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22 Aug 2016 12:14

CyanConnode widens H1 loss in pivotal period

(ShareCast News) - CyanConnode has widened its half-year pretax loss to £2.86m, from a loss of £2.29m, in a period that it described as pivotal for the group. Revenue improved to £1.03m, from $157,328. "This was a pivotal period for the Group as we significantly enhanced our capabilities and offerin

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14 Jul 2016 15:44

Cyan Holdings, Enzen in Irish collaboration

(ShareCast News) - AIM-listed Cyan Holdings said it has signed a strategic partnership agreement with Enzen Global to collaborate to deliver expertise in narrowband mesh technology to the Internet of Things (IoT) market in Ireland. "This agreement will provide combined value to support Smart Energy

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14 Jul 2016 07:16

Cyan Signs Strategic Partnership With Enzen For Irish Market

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6 Jul 2016 14:47

Cyan Holdings' revenues rise on acquisition and global contracts

(ShareCast News) - Integrated systems and software design company Cyan Holdings' half year profits rose in line with expectation as due to the acquisition of CyanCannode and a growth of international contracts. In the AIM listed company's trading update for the six months ended 30 June, it said reve

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6 Jul 2016 08:20

Cyan Expecting First Half Revenue Six Times Higher Than Prior Year

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14 Jun 2016 12:19

Cyan Holdings buys Connode for £6.8m

(ShareCast News) - Cyan Holdings, a British integrated system and software design company, has bought Connode, a Swedish supplier of wireless communication products, for £6.8m. The sale will be partly funded through a share placing and a subscription. The £6.8m sale of Connode consists of £4.3m in c

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14 Jun 2016 09:35

WINNERS & LOSERS SUMMARY: FirstGroup Up 9% As Rival Go-Ahead Drops 15%

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14 Jun 2016 07:46

Cyan Sets GBP17 Million In Deals As It Buys Connode, Sells Shares (ALLISS)

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6 Jun 2016 07:21

Cyan Loss Widens As Spending Ramp-Up Delivers Revenue Growth

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24 May 2016 12:33

Cyan Holdings Eyes GBP12.5 Million Fundraising To Back Purchase (ALLISS)

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3 May 2016 07:48

Cyan Holdings Signs Smart Metering Distribution Deal In Thailand

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