Technology
AB Dynamics reports record-breaking 2023 results
Transport testing, simulation and measurement specialist AB Dynamics reported record-breaking results for 2023 on Wednesday, with revenue reaching £100. 8m, representing a 21% increase.
Fonix hikes expectations after strong first half
Mobile payments and messaging technology company Fonix Mobile reported a strong financial and operational performance in a trading update on Wednesday, surpassing management's expectations for the first half.
Next15 says trading robust, approves new share purchases
Next Fifteen Group told investors that results for the financial year were seen coming in as expected.
Ceres Power shares slide on China talks, delay to royalties
Shares in Ceres Power were sliding on Wednesday, after it announced the failure of joint venture talks in China in 2023 in a trading update, as well as delays to expected royalties from its fuel cell systems.
Eden Research revenue set to beat market expectations
Biopesticide specialist Eden Research said in a trading update on Monday that it expected a 72% increase in full-year revenue for 2023, to £3. 1m, surpassing market expectations by £0. 3m.
US expansion driving growth for Kooth
Digital mental health service provider Kooth said in a trading update on Monday that it anticipated its 2023 revenue to reach £33. 3m, representing year-on-year growth of around 65%.
Reorganised Maintel flags improved full-year revenue, earnings
Cloud, network, and security managed communications provider Maintel said in a full-year update on Monday that its strategic efforts and business reorganisation had yielded positive results, positioning it for growth in the coming year.
Getech sells vacant part of head office for £0.65m
Geotechnical specialist Getech announced the partial sale of its head office on Monday, after consolidating its operations during the Covid-19 pandemic.
Alphawave reports record bookings in fourth quarter
Alphawave IP Group reported record quarterly bookings of $128. 7m in its fourth quarter on Monday, marking a 36% increase compared to the same period in the prior year.
Big Technologies ends 2023 in line with expectations
Remote people monitoring technology company Big Technologies said in a trading update on Friday that its performance in 2023 was in line with expectations, with revenue set to reach £55m, up from £50. 2m in 2022.
Focusrite flags ongoing challenges in content creation market
Music and audio technology company Focusrite said in a trading update on Friday that its content creation division encountered ongoing market challenges during the first four months of the financial year, particularly in Asia and among traditional 'bricks and mortar' resellers in the Europe, Middle East and Africa (EMEA) region.
Smart Metering Systems reports rise in recurring revenue
Smart Metering Systems reported in a trading update on Thursday that its total meter and data assets index-linked annualised recurring revenue (ILARR) was £113. 4m at the end of 2023, including an annual retail price index (RPI) adjustment.
Niox Group flags solid revenue jump in 2023
Medical device company Niox Group said in a trading update on Thursday that it experienced substantial revenue growth in 2023, with a reported increase of 18% to £36. 8m.
Alpha Group describes strong 2023 performance
Alpha Group International reported a strong financial performance 2023 in a trading update on Thursday.
Judges Scientific set to meet full-year expectations
Scientific instrument sector investor Judges Scientific said in a trading update on Thursday that despite ongoing economic uncertainties in 2023, it achieved both organic and inorganic growth in 2023.
Restore ends year in line with market expectations
Document management and technology recycler Restore said in an update on Thursday that it was on track to report adjusted profit before tax for 2023 in line with market expectations.
N Brown revenue declines in third quarter
Clothing and footwear online retailer N Brown said in an update on Thursday that product revenue for the third quarter totalled £150. 2m, representing a 9. 7% decrease compared year-on-year.
Stronger pound takes sheen off solid quarter for Sage
Accounting and financial software company Sage Group reported a robust financial performance in the December quarter on Thursday, with total revenue rising 10% year-on-year to £573m, although it said a stronger pound was having an impact on its performance.
Acuity RM reports solid growth since April acquisition
Governance, risk and compliance (GRC) software specialist Acuity RM said in an update on Wednesday that, in the nine months following the acquisition of Acuity Risk Management in April last year, it had seen solid growth.
Midwich flags record-breaking revenue in 2023
Specialist audiovisual distributor Midwich Group reported a strong 2023 performance in a trading update on Wednesday, culminating in record-breaking revenue of £1. 3bn, making for 7% growth year-on-year, or 6% when adjusting for currency fluctuations.