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H1/23 interim results showed continuing strong trading for Calnex, with revenue of £12.7m, 38% ahead of H1/22 and PBT up 34% to £3.1m. Revenues increased across all its product lines driven by the sustained transition to 5G and continuing growth in cloud computing, particularly as hyperscale and enterprise companies drive greater efficiency and performance within data centre operations. Though component supply has been an issue throughout H1/23, Calnex has managed the supply chain well and shipp
Companies: Calnex Solutions Plc
Good Q3 update from MTI Wireless Edge Ltd (MWE.L). Each division (MTI Summit, Antenna and Mottech) demonstrated revenue growth and remained profitable. Overall, 9m revenue +8% to $34.8m and EBITDA +14% to $4.6m. Net cash remains a healthy $5.2m. Q4 has started well with two contract wins already announced for the Antenna division in India and Israel worth $1.2m in total. India represents a major opportunity for MTI’s 5G backhaul solution given the number of Eband towers that will be required. Th
Companies: MTI Wireless Edge Ltd
Companies: Bigblu Broadband plc
Focusrite’s revenue has been driven by acquisitions against a period of tough comparatives for the core brands. Current trading looks more encouraging for the majority of the brands, which is leading to gross margin improvements and a better outlook for EBITDA margin. We upgrade EBITDA forecasts for FY20e and FY21e by c 7%, but a higher tax rate in FY21 limits EPS upgrades in that year. For FY20e, an EV/EBITDA of 15.4x and a P/E of 24.9x are above long-term averages.
Companies: Focusrite PLC
In line with the October trading update, Calnex has reported a c20% increase in revenue to £9.3m for H1/22 (H1/21: £7.7m) following substantial demand for telecoms testing equipment and strong levels of trading in H1/22. This strong trading has continued into H2/22. Investment in product development and operational scalability has been increased with the strong cash position enabling Calnex to accelerate investment and expand capacity in line with the growth in the order pipeline.
Calnex Solutions has announced that the strong levels of trading throughout H1/22 have continued and FY22E trading is in-line with expectations, subject to fulfilment of certain orders in March 2022. The order book into 2023 has increased substantially following a significant order from a large datacentre customer and FY23E trading is now expected to be materially ahead of current expectations. We have increased our FY23E revenue and PBT forecasts by 15.4% to £25.5m and 17% to £7.0m respectively
Calnex Solutions has announced the acquisition of iTrinegy, a provider of SDN network emulation and application testing technology headquartered in Stevenage and with a presence in Reno, Nevada. Initial consideration of £2.5m in cash will be paid with up to £1m additional consideration in shares depending on targets being met by FY24. iTrinegy's NE-ONE hardware and software platforms enable organisations, especially across the technology, financial, gaming and military/government sectors, to acc
FY21 results show another very strong year of trading for Calnex, with revenue of £22.0m, 8.9% ahead of our forecast £20.2m, with PBT up 64% to £6.0m. Demand for telecoms testing equipment has remained very strong. The order backlog has continued to grow and was at record levels entering FY23E. Calnex has managed component supply chain issues well, though component supply will remain an issue throughout FY23. Investment in product development and operational scalability has increased substantial
Companies: ECO SRT GFIN CHAR HARL