Sondrel Plc Share News (SND)

UK shareholder meetings calendar - next 7 days

IN BRIEF: Sondrel tapes out ASIC controller for Smartphone camera

Sondrel (Holdings) PLC - Reading, England-based semiconductor company - Announces it has successfully taped out an application specific integrated circuits design for a controller of a smartphone camera. The project design contract was awarded in late 2021 and was fully funded by the customer. Project production and supply are expected to begin at the start of 2024, company says. Estimates based on production volumes and the product lifetime currently projected that revenue associated with the production and supply of the ASIC could exceed USD50 million over five years. Graham Curren, Chief Executive says: "We look forward to progressing with the new product introduction and prototyping phases ahead of the product entering production in 2024."

Sondrel widens annual loss despite a surge in revenue

(Alliance News) - Sondrel Holdings PLC said on Wednesday its annual loss widened despite a surge in revenue, but the company maintained a positive outlook looking forward.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Sondrel expects contract revenue later than forecast

Sondrel Holdings PLC - Reading, UK-based microchip technology company - Reports on progress of delivery of application specific integrated circuits to customer that is an original equipment manufacturer in the automotive space. Reports "significant progress and investment". Explains key milestones have been redefined and the payment connected to the second project milestone, previously anticipated to occur in the first quarter, is now expected to occur in the next few months. Expects typical production volumes for each contract to deliver revenue of GBP10 million to GBP100 million per year and Sondrel estimates the contract with the tier 1 OEM customer could deliver production revenue at the upper end of this range. Continues to deliver other live ASIC projects in line with its expectations. Predicts that based on production volumes and lifetime currently projected by the customers, revenue for Sondrel associated with the production and supply of these two projects would be worth in excess of USD20 million over three years and USD25 million over five years.

IN BRIEF: Sondrel progresses contract worth GBP1.8 million in 2023

Sondrel Holdings PLC - Reading, UK-based microchip technology company - Announces it has successfully taped out an ASIC design for a leading provider of home network devices. Plans to progress with the new product introduction and prototyping services being provided ahead of the product being released to production. Estimates contract worth GBP1.8 million in 2023, while revenue could be worth in excess of USD25 million over five years.

Sondrel tapes out circuit design for home network customer

(Sharecast News) - Fabless semiconductor company Sondrel announced the successful tapeout of an application-specific integrated circuit (ASIC) design on Wednesday, for a "leading provider" of home network devices.

Sondrel reports strong growth in first update since IPO

(Sharecast News) - Fabless semiconductor specialist Sondrel reported revenue growth of 116% year-on-year in a trading update on Wednesday, with 2022 revenue totalling £17.5m.

Sondrel shares fall even as revenue doubles amid "record" orders

(Alliance News) - Sondrel Holdings PLC on Wednesday reported that revenue in 2022 doubled, and it expects to deliver "strong" growth in 2023 and beyond.

TRADING UPDATES: Mobile Tornado loses CEO; DeepVerge revenue jumps

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

TRADING UPDATES: Gulf Marine wins deal; Kitwave trades in-line

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

Sondrel begins trading on London's AIM; raises GBP20 million

(Alliance News) - Sondrel Holdings PLC on Friday said it has raised GBP20 million, as it begins to trade on London's AIM market.

Sanderson Design revenues continue to improve

(Sharecast News) - Interior design and furnishings group Sanderson Design said on Monday that group revenues continued to improve across the nine-week key selling period of October and November.

Sanderson Says Court Approves Of Aptean's GBP90 Million Takeover

(Alliance News) - Retail and manufacturing software developer Sanderson Group PLC on Thursday said a court has approved of a GBP90 million cash takeover of the company from private equity firm the

Sanderson Shareholders Approve GBP90 Million Takeover After Vote

(Alliance News) - Retail and manufacturing software developer Sanderson Group PLC said Friday shareholders approved the GBP90 million cash takeover from private equity firm Aptean Ltd.At of