Technology
Twitter posts revenue miss after agreeing Musk takeover
Twitter reported a 16% improvement in first quarter revenue on Thursday, to $1. 2bn (£0. 97bn), missing expectations for a figure of $1. 2bn due to Ukraine war “headwinds”.
Generator firm Libertine makes progress in IPO year
Fuel-flexible linear generator technology company Libertine said in an update on Thursday that it delivered £3m of commercial and grant income contract milestones in the financial year just ended.
Spectris off to 'strong' start in Q1, confident on outlook
Spectris got off to a strong start to 2022 with organic sales and order intake both rising sharply on the back of the continuing recovery in its end markets and new products.
Focusrite wins its fifth Queen's Award
Audio hardware company Focusrite announced on Thursday that its subsidiary Focusrite Audio Engineering (FAEL) had won the Queen's Award for Enterprise for international trade, announced in Her Majesty's Platinum Jubilee year.
Syncona takes part in oversubscribed funding round for OMass
Syncona committed further funding for rare-disease specialist OMass Therapeutics alongside a syndicate of investors which included a unit of French drug giant Sanofi.
4basebio inks development deal with Heqet Therapeutics
Life sciences company 4basebio announced a joint development agreement with Heqet Therapeutics on Wednesday.
AB Dynamics confident after strong first half
Testing and measurement technology company AB Dynamics reported a 29% improvement in first half revenue year-on-year on Wednesday, to £37. 8m, as its board said it had confidence it would beat full-year expectations.
PCI-PAL set to beat current expectations for full trading year
Cloud payment technology company PCI-PAL said in an update on Tuesday that, following continued strong performance since the half-year, it anticipated results for the full year ending June would be better than current market expectations.
Trakm8 warns of supply, inflation concerns
Trakm8 said in a trading update on Tuesday that revenues for the year just ended totalled £18. 2m, up 14% year-on-year, although it did warn of supply chain issues and inflationary pressures going forward.
Focusrite hikes dividend as strong demand continues
Audio hardware company Focusrite reported group revenue of £92. 9m in its first half on Tuesday, down from £95. 3m year-on-year, but in line with expectations.
RWS pleased with first half despite IP services weakness
Language, technology and intellectual property service provider RWS reported a “robust” first half in an update on Tuesday, with adjusted profit before tax expected to be at least £60m.
Twitter and Musk could strike a deal as early as coming week, WSJ says
Tesla boss Elon Musk appeared to be closer to winning over the board of Twitter with his announcement that he had lined up $46. 5bn or $54. 20 a share in financing to take over the influential social media outfit.
Polarean Imaging receives research order from long-standing partner
Medical imaging technology company Polarean Imaging has received an additional research unit order for a xenon polariser ‘9820’, it announced on Monday.
Ixico confident after first-half revenues fall
Medical imaging technology company Ixico said in a trading update on Monday that it expected first-half revenues of £3. 9m, down from £4. 9m year-on-year.
Mind Gym reports 'robust' year of trading
Human capital and business service company Mind Gym reported a “robust” performance in line with its expectations in a full-year trading update on Monday, with its core business returning to pre-Covid-19 levels.
Eqtec revenue more-than-quadruples in 2021
Hydrogen, biofuel and sustainable energy company Eqtec reported revenue of €9. 2m (£7. 75m) in its final results on Monday, up from €2. 2m year-on-year.
CentralNic confident in beating full-year expectations
Internet platform company CentralNic said on Monday that its positive trading momentum had continued, and its organic growth further accelerated during the first quarter.
Ixico selected for Huntington's disease detection study
Artificial intelligence (AI) neuroimaging company Ixico announced on Thursday that it has been selected by a new client to support a global prospective observational study, assessing participants for the early detection of Huntington's disease (HD).
LBG Media posts solid growth in first results after IPO
Youth-focussed digital publisher LBG Media reported revenue of £54. 5m in its full-year results on Thursday, up 81% year-on-year, with a “strong performance” driven by increases in both direct and indirect income streams.
Seeing Machines develops demonstrator with Magna
Driver monitoring technology company Seeing Machines announced on Friday that it has collaborated with Magna on a demonstrator with a fully-integrated driver monitoring system (DMS), combining camera, electronics and interior mirror technology.