Small Caps News
Sopheon set for strong full-year revenue growth
Enterprise management software and service provider Sopheon said in a trading update on Tuesday that revenue for 2021 would exceed $34m, up from $30m in 2020.
Eleco ends 2021 with revenue above expectations
Construction software company Eleco said in a trading update on Tuesday that its unaudited revenue for 2021 was expected to be £27. 3m, an increase of 8% year-on-year, and above market expectations.
N4 Pharma outlines work plan after 'encouraging' data
Specialist treatment and vaccine delivery system developer N4 Pharma updated the market on its work plan on Tuesday, following “encouraging data” from its oncology research as announced on 13 December.
Fonix earnings grow faster than forecast in first half
Mobile payments and messaging provider Fonix Mobile said in a trading update on Tuesday that gross profit and adjusted EBITDA in the first half had grown ahead of management expectations.
AssetCo to buy River and Mercantile in £98.8m deal
Acquisitions vehicle AssetCo has agreed to buy asset management firm River and Mercantile in an all-share £98. 8m deal.
Trinity Exploration reports 'good progress' on initiatives
Trinidad and Tobago-focussed energy company Trinity Exploration & Production said in an update on Tuesday that it made “good progress” on some of its initiatives in the fourth quarter, as it maintained production levels and continued its “strong” operating cash generation.
Pebble Beach flags forecast-beating set of results
Broadcast and streaming software company Pebble Beach Systems said in a trading update on Tuesday that it was anticipating 2021 results ahead of market expectations, with revenue set to rise 26% year-on-year to £10. 6m, and adjusted EBITDA ahead 19% at £3. 2m.
Mechanical issues see Thor completing only half of planned drilling
Thor Mining updated the market on drilling at its wholly-owned Ragged Range Project in the Eastern Pilbara of Western Australia on Tuesday, reporting that following “mechanical issues”, only 50% of the planned maiden reverse circulation drilling programme was complete at the Sterling prospect.
Atlantic Lithium reports positive infill drilling results
Africa-focussed exploration and development company Atlantic Lithium announced further high-grade infill drilling results at the Ewoyaa Lithium Project in Ghana on Tuesday.
Falcon upbeat on planned work in Beetaloo Sub-Basin
Falcon Oil & Gas detailed its stage three work programme in the Beetaloo Sub-Basin of Australia’s Northern Territory on Tuesday, with its joint venture partner Origin Energy B2 - a wholly-owned subsidiary of Origin Energy.
Ten Lifestyle scores contract wins and renewals with wealth managers
Travel and concierge company Ten Lifestyle said on Tuesday that it had secured new strategic contract wins and renewals with wealth managers across the UK, Europe, the Middle East and Africa.
EKF ends year ahead of already-upgraded expectations
Point-of-care, central laboratory device and chemistry reagent company EKF Diagnostics said on Tuesday that continued strong trading would result in its performance for 2021, including adjusted EBITDA, ahead of already-upgraded market expectations.
Animalcare FY earnings in line, revenues slightly improved
Animal health business Animalcare said on Tuesday that full-year earnings were anticipated to be in line with market expectations after revenues modestly improved in the twelve months ended 31 December.
Staffline FY underlying operating profits more than double YOY
Recruitment and training group Staffline said on Tuesday that full-year underlying operating profits had more than doubled year-on-year, underpinning the group's "increased confidence" for 2022.
Marston's Q4 sales impacted by Covid-19 Omicron variant
Pub landlord Marston's cautioned on Tuesday that sales had taken a hit in the eight weeks ended 12 January as a result of the spread of the Covid-19 Omicron variant over the festive period.
Northcoders FY underlying performance in line with expectations
Training programmes provider Northcoders said on Tuesday that its 2021 full-year underlying performance had been in line with expectations.
IQE FY revenues and capex seen in line with previous guidance
Compound semiconductor wafer products supplier IQE said on Tuesday that full-year revenues and capex were both expected to be in line with previous guidance.