Cyanconnode Holdings (CYAN)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

 8.35p
   
  • Change Today:
      0.000p
  • 52 Week High: 14.50
  • 52 Week Low: 7.50
  • Currency: UK Pounds
  • Shares Issued: 358.89m
  • Volume: 247,403
  • Market Cap: £29.97m
  • RiskGrade: 350

CyanConnode secures smart metering contract in Africa

By Josh White

Date: Wednesday 04 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Narrowband radio frequency technology company CyanConnode has received a contract for a smart metering deployment in Africa, it announced on Wednesday.
The AIM-traded firm said it would supply 100,000 'Omnimesh' modules together with advanced metering infrastructure, services, Omnimesh head-end software, a perpetual licence, and an annual maintenance contract.

It said the supply of Omnimesh modules was expected to start in the third quarter, with all modules being supplied within 18 months.

Around 90% of revenue would be recognised during the first two years of the contract, with the balance being received during the annual maintenance contract, which would start following the 'go-live' phase.

"We are delighted to have received this contract from a new customer in a new territory, which is once again testament to CyanConnode's technology," said executive chairman John Cronin.

"We look forward to working with this new customer to develop our business in Africa."

At 1349 BST, shares in CyanConnode were up 8.64% at 11.95p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CYAN Market Data

Currency UK Pounds
Share Price 8.35p
Change Today 0.000p
% Change 0.00 %
52 Week High 14.50
52 Week Low 7.50
Volume 247,403
Shares Issued 358.89m
Market Cap £29.97m
RiskGrade 350

CYAN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
38.34% below the market average38.34% below the market average38.34% below the market average38.34% below the market average38.34% below the market average
4% below the sector average4% below the sector average4% below the sector average4% below the sector average4% below the sector average
Income Not Available
Growth
52.23% above the market average52.23% above the market average52.23% above the market average52.23% above the market average52.23% above the market average
58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CYAN Dividends

No dividends found

Trades for 13-May-2025

Time Volume / Share Price
15:30 10,000 @ 8.22p
12:46 3,500 @ 8.35p
12:05 24,951 @ 8.35p
11:53 25,000 @ 8.20p
11:22 25,000 @ 8.25p

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