Technology
Frontier Developments cheers strong first half
Video games developer and publisher Frontier Developments reported a 16% improvement in revenue in its first half on Thursday, to £57. 1m.
US tech layoffs running at highest level since 2015, Challenger says
Layoff announcements among US technology firms reached their highest monthly level for seven years following Microsoft's announcement earlier in the day that it would shed 10,000 employees, a top staffing agency said.
Crimson Tide describes year of 'good progress'
Crimson Tide described a year of “good progress” in a trading update on Wednesday, with annualised recurring revenue now at record levels.
Engage XR revenues set to rise as losses widen
Metaverse technology company Engage XR said in an update on Wednesday that its total revenue for 2022 was expected to be €3. 9m, an increase of 63% year-on-year.
Tissue Regenix signs exclusive distribution deal in China
Regenerative medical device company Tissue Regenix has signed an exclusive distribution agreement with Kingsung Medical Group, a Hong Kong-based medical enterprise, for the distribution of ‘OrthoPure XT’ in China, it announced on Wednesday.
Accesso inks agreements with 18 new partners
Attractions and venues technology provider Accesso announced on Wednesday that it has signed strategic agreements with 18 new partners within the theme parks and attractions, ski, hospitality, cultural and zoo markets across both the UK and the United States.
Team17 jumps on forecast-busting performance
Video games label, creative partner, developer and publisher Team17 said in an update on Wednesday that it traded “strongly” in the second half of 2022, with multiple new first- and third-party titles released, extended games distribution to wider platforms, and “strong support” across its portfolios with additional new content updates.
Alpha Group reports strong trading at end of 2022
Corporate and institutional financial solutions provider Alpha Group International said in an update on Wednesday that trading in late 2022 remained “strong”.
Midwich ends bumper year above expectations
Audio-visual trade distribution specialist Midwich Group said in an update on Wednesday that it finished 2022 “strongly”, adding that it now expected to report full-year revenue of £1. 2bn, making for year-on-year growth of 40%.
Kibo mulling synthetic oil production at syngas plant
Renewables-focussed developer Kibo Energy announced a decision to potentially introduce an additional revenue stream to its 2. 7 MW plastic-to-syngas power plant on Tuesday, which sits within the 65%-owned Sustineri Energy.
Ondine Biomedical upbeat on photodisinfection study
Ondine Biomedical said on Tuesday that a new study published in the journal Antibiotics found that antimicrobial photodisinfection therapy (aPDT) using its proprietary methylene blue-based photosensitiser in combination with a specific wavelength of light “effectively eradicated” pathogen biofilms commonly associated with periprosthetic joint infections (PJIs).
Image Scan sells first two ThreatScan units in Africa
Image Scan announced the successful sale of the first two units of its ‘ThreatScan-AS1’ portable x-ray system in Africa on Tuesday.
Kape to beat earnings expectations after strongest year ever
Digital security and privacy software company Kape said in an update on Tuesday that 2022 was its “strongest” year to date, with pro forma adjusted EBITDA now expected to exceed guidance.
Boku reports decent growth despite economic headwinds
Mobile payment technology specialist Boku said in an update on Tuesday that full-year revenues for 2022 were expected to be at least $63. 3m, up from $62. 1m year-on-year, despite “significant” currency headwinds.
RBC slashes target on ITM Power, says capacity expansion and commercial credibility key
Analysts at RBC slashed their target price for shares of ITM Power, the energy storage and clean fuel company, from 500. 0p to 260. 0p.
Poolbeg expands its focus molecule into oncology
Poolbeg Pharma announced the strategic expansion of ‘POLB 001’ into oncology on Monday.
Quadrise Fuels shares fall after progress update
Quadrise Fuels International updated the market on its current projects on Monday, reporting that in Morocco, after its previously-reported delays, the ‘bioMSAR’ fuel arrived at the client site in December.
Avingtrans trading in line, makes two HVAC acquisitions
Energy, medical and industrial technology developer Avingtrans said in an update on Monday that trading in the first six months of its financial year was in line with market expectations.
Ilika shares jump on new deal with Cirtec Medical
Solid-state battery technology developer Ilika has broadened its relationship with Cirtec Medical, it announced on Monday, through a memorandum of understanding outlining the transfer of ‘Stereax’ millimetre-scale battery manufacturing to Cirtec's facility in Lowell, Massachusetts.
MediaZest incorporates new EU subsidiary
Audio-visual specialist MediaZest announced the incorporation of a new wholly-owned European Union subsidiary on Monday, based in the Netherlands.