CyanConnode Holdings plc (LON:CYAN), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, has provided 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)
The PDF below shows a graph of modules shipped during the financial year.
John Cronin, CyanConnode 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.”
