(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
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SMALL-CAP - WINNERS
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Trustpilot Group PLC, up 12% at 104.98 pence, 12-month range 51.85p-298.00p. The online consumer reviews platform expects to report USD149 million in revenue for 2022, up 13% from 2021's USD131.4 million and rising 23% at constant currency. It expects adjusted earnings before interest, tax, depreciation and amortisation to be ahead of expectations.
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Alfa Financial Software Holdings PLC, up 2.4% at 173.00 pence, 12-month range 128.00p-198.00p. The software developer for the asset finance industry says it performed "strongly" in the fourth quarter of 2022. "Our progress to a fully subscription-based model is reflected in the continued strong performance of subscription revenue. Software revenue has benefitted in Q4 from strong delivery of development days and we have also seen an increase in services revenue," it says. "The strong finish to the year has resulted in our expectations for 2022 full year revenue increasing by GBP1.5 million, with all of this falling through to operating profit."
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SMALL-CAP - LOSERS
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Halfords Group PLC, down 19% at 174.99p, 12-month range 123.90p-366.80p. The cycling and motor products seller cuts annual guidance, standing out from an otherwise positive set of UK retail sector updates. The motoring and cycling products retailer says revenue in the 13 weeks to December 30, its third-quarter, jumped 22% on-year, 4.6% like-for-like. However, it reports tough market conditions in cycling and tyres and adds that it has been hit by a shortage of skills, as it calls on the UK government to do more.
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Xaar PLC, down 11% at 178.87p, 12-month range 140.00p-275.00p. The inkjet printing technology firm expects revenue growth of 24% to GBP74 million in 2022 from GBP59.3 million in 2021. However, it adds that sales volumes in its Printhead arm are still being affected by Covid-19 uncertainty in China.
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By Eric Cunha, Alliance News news editor
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Halfords (HFD)
Trustpilot (TRST)
Alfa Fin (ALFA)
Xaar (XAR)