TPXimpact FY24 Results Update

TPXimpact has released very encouraging FYMar24 results that confirm strong revenue growth, steady margin improvement, and much reduced net debt, as flagged in May's post YE update.

TPXimpact new financing arrangements

TPXimpact has announced favourable amendments to its financing arrangements following the excellent progress in debt reduction over the last year.

TPXimpact FY24 Trading Update

TPXimpact has released a very encouraging FY24 Trading Update that flags robust FY revenue growth and margin expansion this year and next, while net debt has reduced significantly more than expected.

TPXimpact Q3 Trading Update

TPXimpact reports Q3 is in line with expectations and maintains FY24 and FY25 guidance.

TPXimpact 1H24 Interim Results

TPXimpact reported a strong 1H24 performance and maintains FY trading guidance; we make some small tweaks and overall retain our expectations.

Trading update & Norway disposal

TPXimpact has announced a Trading Update that reports a ‘strong' performance in H1 and it maintains FY guidance; it has also announced the disposal of its operations in Norway.

Disposal of Questers

TPXimpact has announced the disposal of Questers for £7.5m which both reinforces the strategic focus on the core business and significantly reduces debt.

Trading Update & AGM

TPXimpact has released a Trading Update which indicates LFL revenues grew +11% in Q1 and +26% in July and reiterated its FY guidance; the AGM is on 28th September.

FY23 Results Update

TPXimpact released FY Mar23 results in line with its May trading update and reiterated FY24 and FY25 guidance, upgraded following the two major account wins in 1Q24.

FY23 Trading Update

TPXimpact has released a Trading Update that indicates FY23 trading was at the higher end of expectations and provides upgraded guidance for FY24 following the two major account wins reported last week.

Two very significant contract wins

TPXimpact has announced two very significant contract wins worth £49m/4 years and £27m/2 years that we view as transformational; we will update our forecasts at the Trading Update due in the next week or so.

Covenant Waiver & Trading Update

TPXimpact has announced that it has been granted a waiver on its financial covenants and that current trading is in line with expectations with new business of over £30m in the quarter.

Trading Update

TPXimpact has announced a Q3 update which indicates that trading was below expectations and it has lowered its guidance for the full year.

It's a growth thing

musicMagpie - Strategically positioning for profitability

musicMagpie’s (MMAG’s) H124 results reflected several strategic decisions taken by the management team to improve profitability and cash generation. The decision to make the US a sourcing-only geography to benefit margins had a notable impact on revenues, with US revenues declining by more than half. Despite the double-digit decline in group revenue, the adjusted EBITDA margin remained relatively stable at 4.4% (H123: 4.5%), reflecting the focus on profitability. The outlook remains challenging,

PROGRESSIVE: Beeks Financial Cloud Group: FY update: an in-line year featuring significant double-digit growth

Following significant double-digit growth, Beeks announces that FY24 results (to 30 June) are in line with expectations. Revenue soared 27% Y/Y. We note a beat to FCF, a beat to net cash (6.58m vs 4.41m in FY23) and a beat to profitability all illustrative of improving unit economics. CEO Gordon McArthur comments that the record results are a testament to Beeks growing reputation. That Beeks did not suffer outage, or break SLAs, on 19 July will copper bottom that reputation. After that global IT

Fonix Mobile - FY24 +5-6% ahead, conservative FY25 upgrades of +3%

Fonix’s FY24 trading update shows gross profit growth of +18% to £17.9m or +6% ahead of our previous forecast, adjusted EBITDA growth of +18% to £13.7m or +5% ahead, and a confident outlook leads us to conservatively upgrade our FY25E gross profit, adjusted EBITDA, and EFCF by +3%. Robust progress with new and existing customers has driven FY24 growth in both mobile payments and mobile messaging of at least +16%, and UK gross profit growth of at least +15% has been boosted by the successful expa

Morning Note – 25 July 2024

PANMURE LIBERUM: Cambridge Cognition: On track, profitability expected FY 2024

Hardman & Co Monthly: July 2024

Feature article: UK life sciences needs more local institutional support to survive. For two years running, the Hardman & Co Healthcare index has declined, underperforming both the FTSE 100 and the FTSE All-Share indices. This is quite unusual for healthcare stocks. Apart from the general economic influences, which have made institutions more risk-averse, there was a common knowledge that several companies were in need of additional working capital; so, share prices were marked down in anticipa

Hybridan Small Cap Feast 07/07/23

Joiners: No joiners today. Leavers: Medica Group plc has left the Premium Segment of the Main Market. What’s cooking in the IPO kitchen?** Blackpoint Biotech plc, a medical cannabinoids company established to fulfil gaps in the medical cannabis market by creating products that provide fast onset of action and accurate dosing, intends to join intends to join the Access Segment of the AQSE Growth Market. Expected Admission 20 July 2023. Metals One Plc, a company focusing on acquiring natural resou

Hybridan Small Cap Feast - 24 June 2024

24th June 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, or it is a rumour Dish of the day Admissions: Delistings: TUI AG (TUI.L) has left the Premium Segment of the Main Market. Bens Creek Group (BEN) has left AIM. What’s baking in the oven? ** Potential**** Initial Public Offerings: ITF announced: 19 June 2024: IntelliAM, an artificial intelligence co

Pennant International (PEN LN) - A solid start to the year

PEN’s H1-24E trading update this morning highlights progress during the first half, together with (a) a reminder of the major software launch impending in H2, and (b), “material” prospects which the company appears well-placed to convert in the second half, assuming that PEN can build on H1 operational delivery to capture the benefits of a buoyant bidding environment driven by the animated global defence sector. PEN provides software, integrated product support solutions and complex training sys

National World Trading Update

National World has reported a Trading Update for the 21wks to 25th May in which revenues advanced +18% driven by acquisitions; we maintain our FY24 estimates.

The most exciting UK SMIDcap growth story?

Morning Note – 22 March 2024

Ingenta - FY23A Results – Diversification strategy on track

Ingenta has released FY23A annual results in-line with our expectations and the year-end trading update. The Group made significant progress during the year, with the Content division having a near-record year as customers bought upgraded products, and wins being seen in the key growth market of North America. The Commercial division also saw strategic successes through geographical expansion and building its presence in adjacent royalty segments such as music. Revenue grew 3% whilst Adj EPS gre

Intercede - An exceptional year shows the potential

Intercede has delivered revenue to March FY24 of £20m (+65% vs FY23) as expected, with profit and cash generation comfortably in line with the April trading update. Adj EBIT of £5.9m (vs £5.5mE; +479% vs FY23), and free cash flow of £9.0m (vs £8.9mE; +277% vs FY23), again outperformed forecasts that have been upgraded eight times already since 2022: original expectations accommodated £12m revenue, £0.6m adj EBIT and FCF of £0.4m. With the CMD having demonstrated the expanded product trio of MyID