Cyanconnode Holdings (CYAN)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

 9.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 19.00
  • 52 Week Low: 7.85
  • Currency: UK Pounds
  • Shares Issued: 298.72m
  • Volume: 361,035
  • Market Cap: £26.89m
  • RiskGrade: 350

Cyanconnode FY revenues more than double

By Iain Gilbert

Date: Wednesday 07 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Radiofrequency networks developer Cyanconnode said on Wednesday that revenues for the year ended 31 March were more than double the £2.5m seen in the 15-months ended March 2020.
Cyanconnode said it had delivered its highest annual revenue to date, approximately 2.5 times the previous financial period and ahead of market expectations.

As a result, approximately £5.3m in cash was received from customers during the year, up from £4.1m in the prior period, leaving the AIM-listed firm with period-end cash and cash of about £1.5m.

Cyanconnode also highlighted that 481,000 modules had been shipped to customers during the 12-month period ended March 2021, a marked increase on the 115,000 shipped during the 15-months ended March 2020.

Chairman John Cronin said: "This has been an extremely challenging year due to the Covid-19 pandemic, nevertheless we have continued to pursue a number of opportunities which we expect to bear fruit in due course.

"We also expect revenues to materially increase during the current financial year and note market expectations of £8.8m of revenue for the financial year ended 31 March 2022."

As of 0830 BST, Cyanconnode shares had shot up 15.28% to 7.67p.

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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 9.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 19.00
52 Week Low 7.85
Volume 361,035
Shares Issued 298.72m
Market Cap £26.89m
RiskGrade 350

CYAN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
43.5% below the market average43.5% below the market average43.5% below the market average43.5% below the market average43.5% below the market average
45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average
Price Trend
68.8% below the market average68.8% below the market average68.8% below the market average68.8% below the market average68.8% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Income Not Available
Growth
39.01% above the market average39.01% above the market average39.01% above the market average39.01% above the market average39.01% above the market average
4.00% above the sector average4.00% above the sector average4.00% above the sector average4.00% above the sector average4.00% above the sector average

CYAN Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:24 22,094 @ 9.00p
15:50 7,480 @ 8.80p
15:16 110,850 @ 8.88p
14:20 38,629 @ 9.05p
12:41 20 @ 8.81p

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