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Pin to quick picksCyanconnode Share News (CYAN)

Share Price Information for Cyanconnode (CYAN)

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Share Price: 8.30
Bid: 8.20
Ask: 8.40
Change: 0.00 (0.00%)
Spread: 0.20 (2.439%)
Open: 8.30
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Low: 8.30
Prev. Close: 8.30
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IN BRIEF: CyanConnode shares up as sees strong revenue growth ahead

Wed, 20th Oct 2021 11:23

CyanConnode Holdings PLC - Cambridge, England-based wireless communication technology provider - Says its smart meter intelligent module shipments continued to accelerate during the six months to September 30, with 315,000 modules shipped versus 92,000 in the same period last year. Notes contracts for almost 300,000 modules have been signed since the financial year-end.

Half-year revenue came in at GBP4.1 million, almost three times the comparative figure of GBP1.5 million posted a year ago. The company expects revenue to triple over 2021 and 2023 financial year. For its current financial year to March 31, 2022, CyanConnode sees revenue of GBP9.3 million, based largely on existing contracts.

Current stock price: 13.49 pence, up 17% on Wednesday

Year-to-date change: more than doubled 6.70p on December 31

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
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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