REG - CyanConnode Holdings - Trading Update

Cyanconnode HoldingsAnnouncement

18/07/2022 07:00

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RNS Number : 7243S  CyanConnode Holdings PLC  18 July 2022

 

18 July 2022

CyanConnode Holdings plc

("CyanConnode" or the "Company")

 

Trading update for the financial year ended 31 March 2022

 

CyanConnode Holdings plc (AIM: CYAN), a world leader in Narrowband Radio
Frequency (RF) Smart Mesh Networks, is pleased to provide a trading update for
the financial year ended 31 March 2022.

 

Highlights for the period

 

·    Unaudited turnover for the period exceeds market expectation of
£9.3m (FY2021: £6.4m)

·    Cash at 31 March 2022 of £2.4m (FY2021: £1.5m)

·    Cash received from customers during the period of approximately
£8.2m (FY2021: £5.3m)

·    612k modules delivered to customers during the period (FY21: 481k)

 

Follow the link below to view a graph showing modules shipped during the
financial year.

 

http://www.rns-pdf.londonstockexchange.com/rns/7243S_1-2022-7-17.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/7243S_1-2022-7-17.pdf)

 

 

John Cronin, CyanConnode's Executive Chairman, commented:

 

"The financial year ended 31 March 2022 was a record year for CyanConnode in
terms of revenue.  Momentum has continued into the new financial year,
especially in the Indian market.

 

I would like to thank all our employees for their continued hard work,
support, and dedication in achieving this record set of results."

 

- Ends -

 

 

 

 

 

 

 

 

 

 

 

Enquiries:

 

CyanConnode Holdings plc
 
Tel: +44 (0) 1223 225 060

John Cronin, Executive Chairman
 
www.cyanconnode.com

Cenkos Securities plc (Nomad and Joint
Broker)
    Tel: +44 (0) 20 7397 8900

Stephen Keys / Charlie Combe

 

Arden Partners plc (Joint
Broker)
                Tel: +44 (0) 20 7614 5900

Simon Johnson (Corporate Broking)

 

 

About CyanConnode

CyanConnode (AIM:CYAN.L), is a world leader in Narrowband Radio Frequency (RF)
Smart Mesh Networks, which are used for machine to machine (M2M)
communication.  As well as being self-forming and self-healing, CyanConnode's
RF Smart Mesh Networks are designed for rapid deployment, whilst giving
exceptional performance and competitive total cost of ownership.

 

In June 2018, CyanConnode launched its award-winning Omnimesh Advanced
Metering Infrastructure (AMI) platform, which has already gained considerable
commercial traction, especially in India which is a key market for the
Company.

 

Through a Global partner eco-system, which is vendor agnostic, CyanConnode has
several routes to market, therefore it is well positioned to capitalise upon
increasing Global demand for smart metering solutions.

 

For more information, please visit www.cyanconnode.com
(http://www.cyanconnode.com)

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