2018 was a year of progress for CyanConnode whereby costs were dramatically reduced (-22%), evidence of real commercial traction emerged in key region India (£15m order book) and £5m of equity capital was raised to scale the business. FY18 revenues were slightly light due to accounting factors with a directly proportional impact on net income, with the group’s cash position inline with forecasts. Our forward estimates remain intact as we take encouragement from Q1’19 p
13 May 2019
Solid growth in FY18; forecasts unchanged
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Solid growth in FY18; forecasts unchanged
CyanConnode Holdings plc (CYAN:LON) | 8.7 0 (-0.6%) | Mkt Cap: 26.0m
- Published:
13 May 2019 -
Author:
Kartik Swaminathan -
Pages:
6
2018 was a year of progress for CyanConnode whereby costs were dramatically reduced (-22%), evidence of real commercial traction emerged in key region India (£15m order book) and £5m of equity capital was raised to scale the business. FY18 revenues were slightly light due to accounting factors with a directly proportional impact on net income, with the group’s cash position inline with forecasts. Our forward estimates remain intact as we take encouragement from Q1’19 p