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Trimble Inc had a disappointing result and failed to meet Wall Street expectations in terms of revenues as well as earnings. Its total revenue during this year was 7% higher than the previous one and the company has experienced the fourth quarter of operating margin expansion but this was below par. The challenges in terms of the supply chain remained the same in the business environment, which has also affected the operations of the company. Trimble delivered over 20% organic growth in ARR in a
Companies: TRIMBLE NAVIGATION (TRMB:NYSE)Trimble Inc. (TRMB:NAS)
Baptista Research
Trimble showed a decent organic revenue growth in the last quarter but failed to meet Wall Street expectations on the revenue front. The company’s top-line was impacted by the changes in the foreign exchange rates and it barely managed to meet market expectations regarding earnings. Recurring and software revenue continued to grow at quite a strong rate which is reflected by the sequential acceleration of its organic ARR growth. Higher prices of fuel inflated overall transportation costs, but th
This is our first report on agri-tech player, Trimble Inc. The company has delivered a robust set of results this quarter with growth in total revenue and gross margin, with excellent progress seen on the Trimble Construction One offering. Trimble also went on to acquire Bilberry to extend its selective spraying capabilities for sustainable farming. Through Trimble Ventures, the company also invested in an Autonomous farming-as-a-service enterprise, Sabanto. From the perspective of capital alloc
Trimble Inc is a well-known player in the agri-tech space. The company has gone through its fair share of corporate restructuring with a series of acquisitions and divestments. Trimble went on to acquire Bilberry to extend its selective spraying capabilities for sustainable farming. Through Trimble Ventures, the company also invested in an Autonomous farming-as-a-service enterprise, Sabanto. From the perspective of capital allocation, Trimble has divested 5 businesses where the revenue was more
Research Tree provides access to ongoing research coverage, media content and regulatory news on Trimble Inc.. We currently have 8 research reports from 2 professional analysts.
Journeo has confirmed record results for FY23A, in-line with recent upgraded expectations across the board. FY23A revenue increased significantly by 118% to £46.1m (including 20% organic growth) and Adj PBT increased 270% to £4m, representing a near doubling of the Adj PBT margin. Journeo has positioned itself for a period of sustained growth following the transformational Infotec acquisition, the bolt-on MultiQ acquisition and ongoing R&D in the existing business. Journeo looks compelling on an
Companies: Journeo plc
Cavendish
Craneware is the market leader in value cycle SaaS provision in the US with a 40% market penetration and the ambition to become ubiquitous in US hospitals. The shackles of Covid disruption, digestion of the Sentry acquisition, and the transitioning of its customers to the fully cloud based Trisus platform, have fallen away and opened up new sales opportunities for the group. While the shares have out-performed strongly, multiples look reasonable compared with peers. We calculate a DCF based fair
Companies: Craneware plc
Capital Access Group
In 2023, the company delivered strong 13% organic constant currency revenue growth and Adjusted EBITDA in line with expectations, even after including one-off inventory provisions.
Companies: Big Technologies PLC
Zeus Capital
Companies: CML Microsystems Plc
Shore Capital
Companies: FOG PEB KBT EMR TIME GETB JNEO
The trading update confirms revenues in line with our expectations. Excess inventory flow through and market softness in China have impacted CML’s core business, but Microwave Technologies Inc (MwT) is performing ahead of expectations. The net effect, along with MwT acquisition related costs, is that Reported PBT and EBITDA are to be lower than expectations, but not substantially so. The long-term investment case is founded upon the opportunity in next-generation wireless and, with £18m cash and
Progressive Equity Research
GetBusy’s FY23 results show organic revenue growth of +10% to £21.1m, FY23 adjusted EBITDA +£0.1m ahead of our +£0.3m upgrade at the January trading update, and a promising outlook that leads us to reiterate our FY24E forecasts. At constant currency, ARR grew +10% yoy to £20.5m, recurring revenue grew +12% to £20.3m, and net revenue retention of 100.0% per month reflects upselling and price increases, with gross monthly churn of 0.8% per month vs 0.9% in FY22. Within SmartVault, the July 2023 la
Companies: GetBusy Plc
Nanoco, the world-leading provider of cadmium-free Quantum Dot technology, has reported positive 1H24 results, and stated that FY24 performance is expected to be in-line with market expectations. We reiterate our FY24E forecasts. Operationally, the company has achieved strong progress over the past six months, and the interims statement includes further progress on the company’s next-generation revenue programmes being implemented post period end. We maintain our 60.2p price target.
Companies: Nanoco Group PLC
Companies: FOG TND BVXP ACC HDD
Companies: PMG DUKE CMCL BOOM
Broadcast playout automation solutions provider Pebble Beach has reported confident FY23 results to Dec 2023 in line with updated January trading update expectations, and has announced the much-anticipated Project Oceans will launch as PRIMA (Platform for Real-time Integrated Media Applications) in April 2024. This underpins a mid-term 80% recurring revenue ambition and expansion in addressable market. FY23 delivered +11% revenue growth to £12.4m, which benefitted from the unwind of defensive in
Companies: Pebble Beach Systems Group PLC
Turner Pope Investments
Companies: LPA SOLI NANO QTX
Companies: Windward Ltd.
Canaccord Genuity
Companies: BILN IGP RBN SBTX
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