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Delta Drone International Ltd (ASX:DLT) delivers drone-based data service and technology solutions to the mining, agricultural and engineering sectors. It provides aerial surveying, mapping and surveillance, including blast-monitoring and fragment analysis, through a fully-outsourced service with AI. The company has secured long-term contracts with a growing list of multi-national mining and agricultural companies. During Q3 CY22, 40% of its revenue was contracted and recurring while another 26
Companies: RocketDNA Ltd
RaaS - Research as a Service
H1 21: business remains tough EARNINGS/SALES RELEASES FACT Note: as of June 2021, Delta Drone’s management would like it to be known that our report and associated analytics are the views of AlphaValue only. We nevertheless believe that guesswork is better than no figures. After searching for various ways to penetrate the drone market, Delta Drone has finally found its business model: to “dronify” the existing industries of Security, Mining and Inventory Monitoring. It is willing to pe
Companies: RocketDNA Ltd (RKT:ASX)Tonner Drones S.A. (ALTD:PAR)
AlphaValue
Concerning H1-21 TARGET CHANGE CHANGE IN EPS 2021 : € (0.01) vs 0.00 ns 2022 : € 0.00 vs 0.00 ns Delta Drone’s half year earnings suffered from a combination of delayed business (lasting Covid impacts on orders) and delayed booking of acquisitions (Weesure, pushed back to FY22). Essentially flat sales at c.€7m were matched by an operating loss at €-4.3m vs. €-3.9m a year ago. The bottom line was nevertheless at break even thanks to the booking of a €5.3m gain on the fair value of inve
Integration of the Weesure Group NAV CHANGE CHANGE IN NAV € 0.05 vs 0.04 +16.9 % The NAV recognises a ‘spot’ value creation from freshly-acquired Weesure Group (following a change in the business model) above the acquisition price. We also now allow for the market price of listed Delta Drone International in Australia. CHANGE IN DCF € 0.07 vs 0.07 -10.4 % This Weesure acquisition aims at solidifying the group's revenues, with an additional stable €24m of revenues expected by FY22
Delta Drone has come to an agreement to acquire the security company Weesure to use drones the industry. This is in line with its strategy of proposing a drone as part of the security team, which adds significant value to customers in terms of price and efficiency.
Orders are solid, but the pandemic impacts deliveries TARGET CHANGE CHANGE IN NAV € 0.04 vs 0.06 -35.2% The NAV has been impacted as we have lowered our sales estimates. We remain cautious as exports to Africa and abroad have been severely reduced by the pandemic, as foreign borders are difficult to cross. However, if the situation improves, H2 could be exceptional, as orders have been building up. CHANGE IN DCF € 0.07 vs 0.08 -6.97% For the same reason, we have estimated that th
Research Tree provides access to ongoing research coverage, media content and regulatory news on RocketDNA Ltd. We currently have 6 research reports from 2 professional analysts.
This morning's update from PEN highlights major developments on the software front, where the latest version of its successful GenS product, which supports the maintenance of key assets, was launched as flagged at the end of April, to be followed by the integrated solution in Q4 – encouraging developments given the high gross margins available to PEN in these product areas. The company provides software / integrated product support solutions to an extensive client list of OEM's and governments,
Companies: Pennant International Group plc
WHIreland
Companies: Cerillion Plc
Liberum
EnSilica has released a trading statement for the 12m period ending 31 May 2024. The Company expects to report revenues for the period of approximately £25m (Allenby forecast £22.9m), equivalent to year-on-year (“YoY”) growth of 22.1%. Whilst a change in sales mix against expectations has resulted in lower EBITDA margins, hence EBITDA is expected to be £1.8m against our forecast £2.5m, a lower than expected D&A charge and higher tax credit has resulted in the Post Tax Profit expectation of £1.9m
Companies: Ensilica PLC
Allenby Capital
Companies: TruFin Plc
Companies: Aptitude Software Group plc
Canaccord Genuity
itim is a disruptive SaaS and services platform that enables store-based retailers to implement a proven Omni-channel solution. This morning, the group has reported full year results to 31 December 2023, in line with February's trading update and with significant progress in product development and notable contract wins post-year end. Revenue in the year increased 15%, primarily driven by a 54% increase in service revenue, as itim looked to shift its focus from subscription growth to paid-for se
Companies: Itim Group PLC
Intelligent Ultrasound has reported its results for the 12 months to December 2023. In line with the January trading update, the company has reported group revenues of £11.2m, up 11% reported or c36% adjusting for one-off sales in FY22. Importantly, the company generated £2.0m from its Clinical AI product portfolio versus £0.7m in FY22 and we note GE HealthCare has expanded the range of Voluson ultrasound machines that include SonoLyst, powered by Intelligent Ultrasound’s ScanNav software. The c
Companies: Intelligent Ultrasound Group Plc
Cavendish
We initiate coverage of NCC Group, a well-respected provider of cyber security and software escrow solutions. In FY23, the company experienced a significant market pullback that revealed operational deficiencies. The company appointed a new CEO, who introduced a turnaround strategy in January 2023. We believe the ongoing improvements are transformational and consensus expectations underestimate NCC’s revenue growth and margin potential. In addition, shares trade below historic multiples and thos
Companies: NCC Group plc
Zeus Capital
1Spatial’s FY24 results reflected robust momentum for the enterprise business and continued improvement in the revenue mix, with investment in growth suppressing margin and cash generation. This investment phase will continue in FY25 to lay the foundation for transformational growth from 1Streetworks and in the US in the coming years. Our scenario analysis indicates the upside from successful execution is significant, with further wins for 1Streetworks and in the US being the key catalysts for m
Companies: 1Spatial Plc
Edison
Companies: 4 Global Plc
Companies: 88E MTC TIA DEC ULTP
Made Tech is a leading provider of digital, data, and technology services to the UK public sector. The Group was founded in 2008 by Rory MacDonald (CEO), who remains its main shareholder with 28% of the equity, and IPO’d in 2021. The Group is entirely exposed to the UK public sector and we believe this represents a large structural growth opportunity as the shift to digital services is likely to accelerate. Moreover, we believe Made Tech will continue to benefit from the transition away from UK
Companies: Made Tech Group PLC
H2 Radnor
CLIQ Digital delivered a disappointing start to FY24 in Q124, as its membership base fell following a change in refund programmes from credit card providers, making it easier for subscribers to cancel. Revenues fell 12%, while marketing expenses, a key growth driver for CLIQ, dropped 9% as management sought to protect its gross margin. The adjusted EBITDA margin fell to 7%, driven by the decline in sales. Management has initiated its Fit for Future transformation strategy to drive operational ef
Companies: Cliq Digital AG
Following the announcement of in-line full year results last week and a string of recent contract wins, today's news marks a further positive development for itim, with the announcement of a contract renewal with one of the group's flagship customers. With positive progress on new contracts adding incrementally to recurring revenues and actions being taken on costs, we view itim as well placed to deliver throughout the remainder of 2024 and beyond, with real potential for outperformance should
Concurrent Technologies delivered a record £31.7m revenue and a substantial increase in profitability in FY23. Management has successfully navigated through the challenging period of worldwide component supply problems that characterised FY22 and delivered a strong recovery in FY23. The business has been completely transformed since the new management team started in 2021 and the focused strategy is delivering. With revenue from the increased number of design-in wins secured in FY23 starting to
Companies: Concurrent Technologies Plc
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