Technology
Engage XR reports strong first quarter performance
Engage XR reported strong revenue growth in its first quarter on Thursday, of around 40% year-on-year, driven by the successful launch of its corporate metaverse platform Engage Link in November.
Byotrol re-shuffles board after end of financial year
Specialist infection prevention technology company Byotrol said in an update on Thursday that it expected its results for the financial year just ended to be in line with market expectations, subject to audit.
Volex wins 'major' new contract with US carmaker
Power and data transmission products manufacturer Volex announced a major new contract win on Thursday, with an unnamed “leading global North America-based” automotive manufacturer.
Avacta doses first patient in US tumour treatment trial
Oncology and diagnostics developer Avacta announced the dosing of the first patient in the United States under its investigational new drug (IND) application on Thursday - a milestone for its first therapeutic product ‘AVA6000’, based on its proprietary ‘preCISION’ technology.
US visible trade deficit narrows sharply
America's shortfall on trade in goods with the rest of the world narrowed sharply and unexpectedly last month.
US durable goods orders jump in March driven by demand for aircraft
Orders for goods made to last more than three years easily outpaced forecasts in March, albeit chiefly due to a big rebound in the oft-volatile orders for jet aircraft.
Physiomics inks collaboration deal with ValiRx subsidiary
Physiomics announced on Wednesday that it has signed a collaborative services agreement with Inaphaea BioLabs - a wholly-owned subsidiary of ValiRx.
Polarean Imaging gets first order for 'Xenoview'
Medical imaging technology company Polarean Imaging announced on Wednesday that it has received its first order for a gas-blend cylinder for the production of ‘Xenoview’, or xenon Xe 129 hyperpolarised, from Cincinnati Children's Hospital Medical Center.
Order intake, revenues jump at Image Scan
Security and industrial inspection imaging specialist Image Scan said in its interim results on Wednesday that its previously-reported strong momentum had resulted in an improved performance compared to the same period last year.
Trifast confident on prospects after 'disappointing' year
Industrial fastening specialist Trifast said in an update on Wednesday that revenue for the 2023 financial year was set to total around £245m, representing organic growth of 7% at constant currency.
Acquisitions underpin full-year growth for Learning Technologies
Digital learning and talent management company Learning Technologies Group reported growth in its full-year results on Wednesday, with revenue more-than-doubling to £596. 9m, and adjusted EBIT of £100. 9m.
Revenue rises, adjusted EBITDA loss improves for Avacta
Oncology-focussed drugs and diagnostics developer Avacta reported full-year revenue of £9. 7m in its preliminary results on Tuesday, up from £2. 9m year-on-year.
Focusrite revenue falls amid first-half weakness
Music and audio equipment specialist Focusrite reported first-half revenue of £86. 2m on Tuesday, making for a year-on-year decrease of 7. 2%.
GlobalData reports strong growth as it expands AI capabilities
GlobalData reported strong growth in group revenue in an update on Tuesday, supported by healthy renewal rates, in line with market consensus.
AB Dynamics hikes dividend after strong first half
Testing, simulation and measurement technology specialist AB Dynamics reported first-half revenue growth of 30% to £49m in its interim results on Tuesday, with a gross margin of 57. 1%.
Next 15 reports strong set of final results
Technology and data-focussed consultancy Next 15 reported a strong set of final results on Tuesday, with group net revenue up 56% at £563. 8m, and organic net revenue growth of 20. 7% across all of its segments.
Spectra CFO heads for exit after annual report
Banknote authentication and security specialist Spectra Systems announced on Monday that its chief financial officer Colleen Hamill had resigned.
Checkit losses widen despite recurring revenue growth
Deskless working operations specialist Checkit reported a 28% rise in annual recurring revenue (ARR) in its preliminary results on Monday, to £11. 5m.
Unikmind announces 'increased and final offer' for Kape
Unikmind announced an increased and final offer for Kape Technologies on Friday, offering $3. 60 per share for the entire issued and to-be-issued share capital of the ExpressVPN owner that it does not already hold.
Jonathan Stearns appointed as ix Net Zero finance chief
ix Net Zero announced the appointment of Jonathan Carpenter Stearns as its new chief financial officer on Friday, effective immediately.