Member Info for Longterminvstor

Good afternoon all,

Looking back over recent years, the CyanConnode Final Results have been published on 26th July, 2023, 23rd August, 2022, 6th August, 2021 and 4th September, 2020, for the years when the CyanConnode's Financial Report, was linked to the end of the tax year, which ended on 31st March for 2023, 2022, 2021 and 2020.

The Finals Report for 2019, was published on 13th May, 2019, because it was linked to the end of the CyanConnode Financial Year at the time, which was 31st December, 2018.

So January to May 2019, for the Year Ending December 31st, 2018, gives us a 5 month time-line of August 2024, give or take, for the Final Results to be published, for the March 31st, 2024, financial year.

We may have a Trading Update, in the interim period, only time will tell on that score.

Good Luck all.

LTI.

Sorry, put a space where there shouldn't have been one. Hopefully should read:-

http://intellismartinfra.in/uploads/Other/intellismart--k-xchange-march-2024.pdf

LTI.

...... for March 2024, also gives some news Vas, on the progress of the India Smart Meter Programme ( Pages 3-4 ) and also mentions DGVCL, Surat in particular, on page 5.

http://intellismartinfra.in/uploads/Other/ intellismart--k-xchange-march-2024.pdf

Thank you also for the other information this morning, Vas, it was appreciated.

Interesting times ahead, I feel, over the coming month's, as I am sure others do, also.

Good Luck Vas and all,

LTI.

Good afternoon all,

The additional since the beginning of May 2024, are Arunachal, with 2,86,940 ( 286,940 ) smart meters Awarded under RDSS and Nagaland which had 3,17,210 ( 317,210 ) smart meters Awarded under RDSS. The number of Sanctioned Electric Smart Meters remains the same and the Cumulative Achievement ( Total Installations ) has gon up by 2,00,629 ( 200,629 ) to a total of 1,10,40,878 ( 11,040,878 ) total installs.

Steady progress is being made, while we wait for any CyanConnode related news.

Good Luck all.

LTI.

....... report was published on 15th May, 2024:-

http://nsgm.gov.in/en/sm-stats-all

LTI.

You are both very welcome. As you say Vas, it will be good to get some hard evidence and confirmation about increased revenue and the smart electric meter installation progress.

Good Luck both and all.

LTI.

Good evening Vas and all,

CyanConnode RNS'd in January 2024, that they had received an order from MonteCarlo, for one million Omnimesh Modules, for a project to be deployed in Nagpur, Maharashtra. This was the second order from MonteCarlo, the first being received during January 2023, for a deployment of 982,525 Omnimesh Modules, in Jabalpur, Madhya Pradesh.

The CyanConnode January 2024 order for Nagpur, for one million Omnimesh Modules, compliments nicely with your post Vas, at 19:18, which shows various projects, one being for Nagpur City, for 945,623 meters.

Good Luck all.

LTI.

...... in the paragraph " Omnimesh Integrated Gateway with Cellular and RF Mesh Capability " is where you may find what you are both looking for:-

http://cyanconnode.com/cyanconnode-launches-cellular-metering-products/

Good Luck Vas, tonyj and all.

LTI.

Good evening Vas and thank you for the report on Maharashtra. During early June, I believe the Indian election results will be known, so not long to go.

Take care Vas,

LTI.

Sorry, missed a bit, should read:-

- Expected deliveries on our backlog as at the end of FY24, will cover approximately 80% of FY25 revenue expectations.

So an optimistic outlook, for next year, also.

LTI.

....... for the Financial Year ended 31st March, 2024 ( FY 2024 ) - published on 16th April, 2024:-

Highlights for the period:-

- Revenue expected to materially exceed market expectations

- £16.9m cash received from customers ( FY23: £10.7m )

- 1.37m Omnimesh modules delivered to customers ( FY23: 391k )

- 55.2k NBIoT gateways delivered to customers ( FY23: 46.3k )

- 2.7m Omnimesh modules ordered for India ( FY23: 2.3m ), of which circa 540k were delivered in FY24

- 106k Omnimesh cellular modules ordered for Thailand

- 52.3k NBIoT hubs ordered for MENA ( Middle East and North Africa ) region ( FY23: 65k )

- Expected deliveries on our backlog as at the end of FY24 will cover approximately 80% of FY revenue expectations

" The post-period has started on a positive note, with an additional order from IntelliSmart under the Strategic Agreement signed in February 2023. Business in other regions remains buoyant and the company is pleased to announce that it is in the process of establishing an entity in the UAE ( United Arab Emirates ) to promote business in the MENA ( Middle East and North Africa ) region."

But as I suggested earlier, we will have to wait and see what the final figures for FY 2024 are, when they are published.

But it will be interesting to eventually find out what the " ....... company expects revenue to be materially above consensus expectations ...... " eventually turns out to be.

Good Luck all.

LTI.

...... Financial highlights ( All of them ) - released on 26th July, 2023:-

- Increase of 23% in revenue to £11.7m in FY23 from £9.6m in FY22, the highest annual revenue for the Group to date after four consecutive years of growth[1]

- Reduction in gross profit to £4.2m in FY23 ( FY22: £5.0m ) as a result of lower margin sales of third-party products

- Increase in operating loss to £3.3m in FY23 ( FY22: £1.0m ) as a result of lower gross margin, higher operating costs and a £1.0m impairment of intangible assets

- Increase in EBITDA loss to £2.9m in FY23 (FY22: £0.4m loss )

- Reduction in adjusted EBITDA[2] to loss of £1.6m in FY23 ( FY22: £0.06 profit )

- Increase in cash position to £4.1m in FY23 ( FY22: £2.4m )

- Increase in cash collected from customers to £10.7m in FY23 ( FY22: £8.2m )

As well as other pieces of news, during this period last year, CyanConnode received an order from IntelliSmart on May 25th, 2023, a Trading Update on July 6th, 2023 and the Finals Results on July 26th, 2023. So we will have to see how the next 3 months unfolds.

Good Luck all.

LTI.

Sorry, should read " Thank you for the information, Vas, ....... ".

Good Luck.

LTI.

Good morning Vas and all,

Thank you for the Vas, that is a very interesting connection to CyanConnode. So we will have to see if CyanConnode progress from here, in connection to the West Bengal projects.

I believe that the project that you posted on West Bengal recently, is the second to be Awarded in the State. The previous one was for circa 1 million smart meters during February/March 2024, possibly involving the same Companies.

But thank you for the original info, Vas.

LTI.

Good morning Vas, bskiny1 and all,

Thank you for the information on Polaris Vas. It was appreciated.

Some more information on the West Bengal project specifically, is contained in the NSGM report from March 2024 onwards, where the report confirms that Iskraemeco India, Polaris Smart Metering, GVPR Engineers and Apraava Energy, all seem to have an involvement in the multiple, West Bengal projects.

The NSGM report started to high-light AMISP's/SI in their reports during February 2024. But as you have indicated Vas, it is now down to patience, on our part.

Good Luck.

LTI.

Good morning Vas and all,

I would think it would be very difficult Vas, to base a projection for future installations and revenue, on a four day installation figure at the beginning of the month of May. There will hopefully, be other installations during the month of May, that may alter your projections. But even then, I do not believe the installations are as uniform and predictable as that.

And as you have previously pointed out, there may be unforseen circumstances that may come into play.

But I am still confident with the way the India Smart Meter Programme has developed over the last couple of years and CyanConnode's part in that development. Coupled with the global penetration and recognition that CyanConnode as a Group, are having.

Good Luck Vas and all.

LTI.

Good afternoon all,

The number of Sanctioned smart meters remains the same, although there are some substantial projects still waiting to be Awarded.

The main winner to be Awarded so far this month, is Tripura, with 4,15,647 ( 415,647 ) Awarded. The installations so far this month stand at 4,24,010 ( 424,010 ) smart meters and the overall number of smart meters installed now standing at 1,08,40,249 ( 10,840,249 ).

Good Luck all.

LTI.

.... report has been published on May 1st, 2024:-

http://nsgm.gov.in/en/sm-stats-all

LTI.

Good morning Vas, gizmo all.

Thank you both for your information.

In answer to your question, Vas, I do not know that CyanConnode have any branding as such, on the outside of meter manufacturers meters, to high-light that CyanConnode are involved with any individual project. Or even if CyanConnode or any other RF/Solutions Provider would be allowed to display any branding on the outside of a meter?

Just a thought.

LTI.

Good afternoon Vas and all,

Thank you for the Directors Talk review Vas, it was appreciated, as always.

Much of the news was covered in the Trading Update, but some information from the Directors Talk report, is very interesting.

From the report:-

" Bob Liao, Analyst at Zeus Capital said, " Our FY24 forecasts will be upgraded once the Group's audit has been finalised and we have clarity on the extent of the material outperformance of revenue. An increase in revenue has the potential to drop through to a greater proportional increase in profit. For FY25, we reiterate our forecast for revenue to jump to £34.5m with Adjusted EBITDA of £4.4m ( 12.9% margin )."

A very encouraging report Vas, I feel over all and thank you for sharing.

LTI.