RCS - CyanConnode Holdings - Hardman Research - Acceleration and revenue uplift

Cyanconnode HoldingsAnnouncement

21/03/2023 07:15

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RNS Number : 5979T  CyanConnode Holdings PLC  21 March 2023

 

 

Hardman & Co Research on Cyanconnode (CYAN):

Acceleration, and revenue uplift for FY24 and beyond

 

CyanConnode is currently involved in Indian tenders for more than 100m meter
endpoints, and its partners have already secured L1 preferred bidder status
for c.30m incremental meters. In addition to the 2.3m orders won in the fiscal
year to date, CyanConnode has entered into a framework agreement with a
partner to supply hardware and software for 3m endpoints for future contract
awards under the Indian smart meter programme. Our revised forecasts represent
an initial step towards reflecting the prospective upside in financial
performance. Our updated DCF analysis suggests an implied fair equity value of
£96.8m.

Please click on the link below for the full report:

https://hardmanandco.com/research/corporate-research/acceleration-and-revenue-uplift-for-fy24-and-beyond/
(https://hardmanandco.com/research/corporate-research/acceleration-and-revenue-uplift-for-fy24-and-beyond/)

If you are interested in meeting the company, you can register your interest
by clicking on the above link.

 

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