BATM Advanced Communications Ltd. (BVC)

Sector:

IT Hardware

Index:

FTSE techMARK Focus

19.43p
   
  • Change Today:
      0.39p
  • 52 Week High: 29.50
  • 52 Week Low: 19.00
  • Currency: UK Pounds
  • Shares Issued: 436.19m
  • Volume: 183,486
  • Market Cap: £84.75m
  • RiskGrade: 322

BATM FY results to beat expectations as Covid boosts demand

By Michele Maatouk

Date: Monday 01 Feb 2021

LONDON (ShareCast) - (Sharecast News) - BATM said on Monday that full-year revenues and earnings are set to be ahead of market expectations following stronger-than-expected demand for its diagnostic kits towards the end of the year.
The company, which provides real-time technologies for networking solutions and medical laboratory systems, said demand was boosted by the second wave of the Covid-19 pandemic.

As a result, revenue for full year 2020 is set to be at least $180m - "significantly ahead" of upgraded market expectations and representing annual growth of more than 45% - while earnings before interest, tax, depreciation and amortisation will be "substantially ahead".

"As stated in the interim results announcement, the group entered the second half of 2020 with a substantially higher backlog than at the same point in the prior year," it said. "This momentum continued through the second half, with stronger-than-anticipated demand for the group's diagnostics solutions towards the end of the year as the second wave of the Covid-19 pandemic spread across the globe."

BATM said growth was driven by the Bio-Medical division. In particular, the Diagnostics unit rapidly developed testing kits in response to the Covid outbreak and saw strong demand throughout the year for its reagents and instruments. These sales were mainly to public health authorities in Europe and South East Asia, and BATM said it has continued to receive significant orders for its diagnostic solutions into 2021.

At 1100 GMT, the shares were up 8.4% at 110p.

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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.

 

BVC Market Data

Currency UK Pounds
Share Price 19.43p
Change Today 0.39p
% Change 2.05 %
52 Week High 29.50
52 Week Low 19.00
Volume 183,486
Shares Issued 436.19m
Market Cap £84.75m
RiskGrade 322

BVC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
32.8% below the market average32.8% below the market average32.8% below the market average32.8% below the market average32.8% below the market average
21.74% below the sector average21.74% below the sector average21.74% below the sector average21.74% below the sector average21.74% below the sector average
Price Trend
60.11% below the market average60.11% below the market average60.11% below the market average60.11% below the market average60.11% below the market average
46.15% below the sector average46.15% below the sector average46.15% below the sector average46.15% below the sector average46.15% below the sector average
Income Not Available
Growth
54.78% above the market average54.78% above the market average54.78% above the market average54.78% above the market average54.78% above the market average
36.00% above the sector average36.00% above the sector average36.00% above the sector average36.00% above the sector average36.00% above the sector average

BVC Dividends

  Latest Previous
  Final Final
Ex-Div 09-Dec-21 n/a
Paid 05-Jan-22 n/a
Amount 0.74p 0.000¢

Trades for 28-Mar-2024

Time Volume / Share Price
16:27 101 @ 19.75p
15:24 10,533 @ 19.00p
14:27 74,854 @ 19.02p
13:58 4,413 @ 19.10p
13:26 1,278 @ 19.10p

BVC Key Personnel

CEO Moti Nagar
CFO Ran Noy

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