Small cap round up

AIM-listed live events agency Aeorema Communications’s full-year revenue fell slightly as a result of a “challenging market”, in part caused by Brexit uncertainty while it gained the MailOnline website as a client. For the year ended 30 June, revenues fell slightly by 7% to about £4.58m, compared to last year, which resulted in an 11% fall in pre-tax profit to £340,165.

Maritime domain awareness technology provider SRT Marine Systems announced on Friday that it has received an initial order and first payment for the supply of AIS vessel monitoring transceivers for deployment in Saudi Arabia. The AIM-traded firm said the order will be shipped during the current financial year.

Connected devices and internet-of-things platform provider LightwaveRF announced on Friday it has entered into an agreement with its principal shareholder, Committed Capital Financial Services, for a loan of £150,000. The AIM-traded firm said the loan is secured against anticipated research and development tax credits and carries a coupon of 1.25% per month.

E-procurement software provider EU Supply announced on Friday that it has signed an addendum to the agreement with the Minister for Public Expenditure and Reform in Ireland to develop certain enhancements to the Irish Government's national eProcurement platform. The AIM-traded firm said the platform is powered by the its CTM platform and in use by over 2,500 public sector bodies in Ireland.

AIM-listed Elegant Hotels Group, an operator of six upscale hotels and a beachfront restaurant in Barbados, reported that it had agreed a new management contract in Antigua while experiencing low bookings due to political uncertainties in the UK arisen from the Brexit result. In a trading update for the year ended the 30 September, the company said it agreed, in principle, to bring a 123-room luxury hotel in Antigua into its portfolio under a management contract, the company’s first hotel outside Barbados.

Shares in AIM-listed Grafenia Group tumbled over 11% on Friday as the web and print supplier said sales in September had improved “significantly” but remained cautious after trading in July was below last year’s level. In an update for the six months ended 30 September, the company said trading immediately following the EU referendum at the end of June was difficult, but the improvement since the summer and the increase in the number of partners for Nettl and printing.com, means,“provided trading continues to improve, market expectations remain achievable”.