Frontier Dev Share News (FDEV)

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

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AIM - WINNERS

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Frontier Developments PLC, up 9.0% at 248.50 pence, 12-month range 175.60p-336.31p. The video game maker expects revenue for its financial year ending May 31 to be around GBP90 million, against GBP89.3 million the year before. This beat a company-compiled consensus range of between GBP85 million and GBP89 million in revenue for the year. Boosted by a GBP3.5 million gain on the sale of its publishing rights for the Foundry game 'Stranded: Alien Dawn', Frontier also anticipates "stronger-than-expected" profitability for the year, as well as a higher-than-expected cash position.

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Shearwater Group PLC, up 4.8% at 45.60p, 12-month range 28.11p-49.00p. The London-based cybersecurity advisory and managed security services group says its subsidiary, Brookcourt Solutions Ltd, has become one of the first UK organisations to receive ISO 42001 certification, which is the international standard for artificial intelligence management systems. The ISO 42001 was developed in early 2024 by the International Organisation for Standardisation, in partnership with the International Electrotechnical Commission. It provides a framework for companies to manage artificial intelligence systems "responsibly, ethically, and effectively". Brookcourt Solutions currently uses AI technologies in its sales and marketing operations. "This achievement demonstrates Shearwater Group's ongoing commitment to pioneering cybersecurity standards and responsible AI use, reinforcing its position at the forefront of digital risk protection," says Shearwater.

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AIM - LOSERS

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Angle PLC, down 17% at 8.11p, 12-month range 7.11p-19.87p. The Guildford, England-based cancer research company says its pretax loss narrowed to GBP15.0 million in 2024, from a GBP21.6 million loss in 2023. Revenue rises 32% to GBP2.9 million from GBP2.2 million, while operating costs fall 27% to GBP16.9 million from GBP23.3 million. "The recent market turbulence and uncertainty in the rapidly evolving macro environment and further reductions to research funding across academic and government labs has adversely impacted the company's year to date revenues," Angle says. "While underlying demand and commercial potential is building, the current environment makes it unclear when these will convert to revenues. We have multiple large opportunities actively under discussion. However, these are binary in nature and their timing is uncertain." As a result, Angle anticipates "modest" revenue growth in 2025, with the potential for this to be exceeded.

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By Emily Parsons, Alliance News reporter

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