CyanConnode Holdings turnover for the period exceeds market expectations

CyanConnode

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.”

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