RC Fornax reports Interim results showing good progress, in-line with FY expectations, with a stronger 2H anticipated in view of its customer work pipeline. Its accelerated investment in the scale up of operations applying the recent IPO proceeds to additional key hires, the new Bristol facility, the new AI tool and working capital. We make no changes to our forecasts, with our 61p target price implying significant upside scope compared to attractive current levels also offering significant grow ....

17 Apr 2025
RC Fornax - Interims – On track for FY25 expectations and stronger 2H

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
RC Fornax - Interims – On track for FY25 expectations and stronger 2H
RC Fornax plc (RCFX:LON) | 38.5 0.6 4.1% | Mkt Cap: 22.0m
- Published:
17 Apr 2025 -
Author:
David Buxton -
Pages:
11 -
RC Fornax reports Interim results showing good progress, in-line with FY expectations, with a stronger 2H anticipated in view of its customer work pipeline. Its accelerated investment in the scale up of operations applying the recent IPO proceeds to additional key hires, the new Bristol facility, the new AI tool and working capital. We make no changes to our forecasts, with our 61p target price implying significant upside scope compared to attractive current levels also offering significant grow ....