Small Caps
Cohort wins £16m systems contract in Australia
Cohort announced a landmark contract through its subsidiary Chess Dynamics on Tuesday, valued at £15. 7m, with BAE Systems Maritime Australia for the provision of the advanced Sea Eagle surveillance systems.
Fintel earnings rise as it expands through acquisitions
Financial technology and support specialist Fintel reported a 5. 6% increase in adjusted EBITDA in its 2023 results on Tuesday, to £20. 5m, with a margin improvement to 31. 5%.
Team Internet acquires Shinez in $42m deal
Digital marketing specialist Team Internet Group announced the acquisition of Shinez and its subsidiaries on Tuesday to strengthen its portfolio and presence in the online marketing sector.
Mortgage Advice Bureau maintains dividend after mixed year
Mortgage Advice Bureau said in its final results on Tuesday that despite a challenging environment, it achieved a revenue increase of 3. 8% in 2023 to £239. 5m, and a notable 11. 5% rise in gross profit, reaching £70. 2m.
Boku profit before tax surges 178pc in 2023
Mobile payments specialist Boku reported a 30% jump in revenue in its 2023 results on Tuesday, to $82. 7m, up from $63. 8m in the prior year, with significant contributions from digital wallets and account-to-account (A2A) connections, which soared by 153% to $16. 9m.
Midwich reports highest-ever gross profit margin
Audio-visual specialist distributor Midwich Group reported a revenue increase of 7. 1% in its full-year results on Tuesday, to £1. 29bn, up from £1. 2bn in 2022.
Revenue, earning rise substantially for Yu Group
Corporate gas and electricity provider Yu Group reported a 65% increase in revenue in its final results on Tuesday, to £460m in 2023, up from £278. 6m in the prior year.
Atalaya earnings rise on back of lower operating costs
Atalaya Mining reported a solid increase in copper production in its results for 2023 on Tuesday, reaching 51. 7 thousand tonnes at cash costs of $2. 79 per pound and an all-in sustaining cost of $3. 09 per pound.
MP Evans earnings fall in tougher market environment
Sustainable palm oil producer MP Evans described a challenging market environment in its final results for 2023 on Tuesday, primarily due to a lower crude palm oil (CPO) price environment compared to the exceptionally high prices seen in 2022.
Puretech Health proposes $100m capital return
Biotherapeutics company PureTech Health has proposed a capital return of $100. 0m to its shareholders by way of a tender offer.
Celebrus Technologies trades in line with FY expectations
Data solutions firm Celebrus Technologies said on Tuesday that its full-year results were seen in line with market expectations, with both revenue and profits improving year-on-year.
Ten Lifestyle hits record H1 adjusted EBITDA profitability
Travel and lifestyle concierge business Ten Lifestyle Group said on Tuesday that it had reached record adjusted underlying earnings profitability in the first half of its trading year, with active membership continuing to grow throughout the period.
Faron shares jump on encouraging trial data
Faron Pharmaceuticals announced further encouraging data from the first phase of its ‘BEXMAB’ trial on Monday, targeting higher-risk (HR) myelodysplastic syndrome (MDS) patients who had failed prior hypomethylating agent (HMA) treatment.
TruFin reports major milestone at subsidiary Playstack
TruFin updated the market on its UK-based games publishing subsidiary Playstack on Monday, reporting a significant milestone with its latest release, Balatro, surpassing one million unit sales.
Focusrite warns on FY profits amid 'challenging market conditions'
Audio products business Focusrite warned on Monday that full-year revenue and profits would be lower than consensus estimates as a result of "challenging market conditions" and continued weakness in Asia.
Chariot to review transitional power division
Chariot announced a strategic review of its transitional power division on Monday, in a move aimed at optimising its operations and maximising shareholder value.
Shuka Minerals resolves longstanding dispute with Upendo
Africa-focussed mine developer and operator Shuka Minerals said in an update on Monday that it had resolved a longstanding dispute with Upendo Group concerning its Rukwa coal mining asset.
Thruvision walk-through security system tested at SAN
Walk-through security technology company Thruvision announced the successful completion of operational test and evaluation for its ‘WalkTHRU’ system on Monday.
Corcel reports positive findings from Canegrass lithium project
Battery metals explorer and producer Corcel updated the market on the findings of its initial exploration activities at the Canegrass lithium project in Western Australia on Monday.
Metals Exploration taps Nick von Schirnding for chairman
Gold producer Metals Exploration said on Monday that it has appointed Nick von Schirnding as chairman, with immediate effect.