CML’s Full Year results to 31st March 22, released yesterday, show that the group is continuing to make good financial and operational progress. The revenues of £17.0m came in just ahead of our estimates of £16.6m, having adjusted for the £0.6m restatement of revenues. This was growth of 29.5% on FY21 – taking CML’s revenues beyond pre-Covid levels. Costs were slightly higher than expected with Adj EBITDA £4.3m for FY22 vs our estimate of £4.5m (FY21 £2.7m). Cash of £25m is in line with our fore ....
06 Jul 2022
CML Microsystems: Clear signals of recovery and growth
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CML Microsystems: Clear signals of recovery and growth
CML Microsystems Plc (CML:LON) | 350 0 0.0% | Mkt Cap: 56.4m
- Published:
06 Jul 2022 -
Author:
Ian Robertson -
Pages:
6
CML’s Full Year results to 31st March 22, released yesterday, show that the group is continuing to make good financial and operational progress. The revenues of £17.0m came in just ahead of our estimates of £16.6m, having adjusted for the £0.6m restatement of revenues. This was growth of 29.5% on FY21 – taking CML’s revenues beyond pre-Covid levels. Costs were slightly higher than expected with Adj EBITDA £4.3m for FY22 vs our estimate of £4.5m (FY21 £2.7m). Cash of £25m is in line with our fore ....