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Research Tree provides access to ongoing research coverage, media content and regulatory news on ATEA. We currently have 34 research reports from 2 professional analysts.
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
Cavendish
Altitude has released a trading update for the year to 31 March 2024 confirming Management expects FY24 results to at least meet market expectations. Our unchanged forecasts show annual revenue growth of 38.9% in FY24 as the Group’s Merchanting division expanded significantly, driven by increased numbers of sales Affiliates and by the US Gear Shops. This translates to adjusted PBT growth of 29.4% to £1.2m on our FY24 estimates. In line results also means that over the last two years both revenue
Companies: Altitude Group plc
Zeus Capital
Companies: CNC RNO MAI IUG CUSN POLB
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
Companies: STX FADL POLB
Cambridge Cognition has released FY23 preliminary results in line with the positive January trading update (and after which we reduced the forecast loss).
Companies: Cambridge Cognition Holdings Plc
Dowgate Capital
Maintel’s finals to December 2023 demonstrate performance in line with expectations upgraded at the time of the January trading update: EBITDA of £9.1m (FY22: £4.4m) from revenue of £101m (FY22: £91m), led to year end net bank debt of £18.1m (£16.6m). Actions taken during the year generated £7m of exceptionals, of which £3.4m were cash, delivering cost and revenue focus for Maintel after the strategic review at the beginning of the 2023. The effects of the review should be twofold: costs (adjust
Companies: Maintel Holdings Plc
FADEL’s FY23 results show revenue growth of +10% to $14.5m, including recurring revenue growth of +31% to 79% of group revenue, net cash of $3.0m in line with the January trading update, and a promising start to FY24 with the overall sales pipeline now as large and diverse as at any point in the company’s history. As the management team is now fully focused on scaling SaaS revenue alongside selectively scaling the operations, we revise our FY24E and FY25E revenue, upgrade our FY24E net cash, and
Companies: Fadel Partners, Inc.
Pinewood Technologies’ results for the 13 months to 31 January 2024 confirmed good growth in user numbers, revenue and operating profit for the continuing automotive software business. Our unchanged forecasts (see 6 March research) show strong revenue growth, high margins, and good cash generation over the period to FY26 as the Group executes its accelerated growth plan. As of Tuesday this week, Pinewood’s shares are ex-dividend and a 1-for-20 share consolidation is effective, meaning our discou
Companies: Pinewood Technologies Group PLC
1st May 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: REDX Pharma (REDX.L) has delisted from the AIM Market What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: 16 April 2024: Electric Guitar (ELEG.L) Concurrent with its Admission to trading on AIM, Electric Guitar is proposing
Companies: TXP CNC RNO MAI ANX IUG CUSN POLB
Hybridan
Companies: 88E CNC FTC TRCS HEIQ CREO ZAM
Please find below our weekly update covering themes that we feel that are of interest to investors and participants in the small and mid-cap TMT sector as well as commentary on recent newsflow.
Companies: SKL ENET CHSS
Allenby Capital
Companies: CML Microsystems Plc
Shore Capital
Alphawave Semi has reduced guidance for FY23 and prospectively citing lower revenues from China, changes in expected revenue recognition from long-term contracts, and continuing investment in R&D. The share price has reacted negatively, giving up most of the gains since the trading statement at the end of January. Current consensus, which is a good match for pre-existing guidance, should be reduced, most likely following release of the FY23 results and full 1Q24 trading update due on 23 April. H
Companies: Alphawave IP Group PLC
Capital Access Group
This morning's update from PEN confirms that the company delivered significant upside to numbers in FY23E, in line with our forecasts (£15.5m sales, £1.3m adj. PBT). PEN provides software / integrated product support solutions to an extensive client list of OEM's and governments, while also supplying complex training products to a prestigious global client base including BAE Systems, Boeing and others. The gross margin has again moved ahead materially, to 50% (H1-23E: 47%, FY22A: 42%) as the
Companies: Pennant International Group plc
WHIreland
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