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
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Cyanconnode (CYAN)