Essex based Concurrent Technologies Plc, which designs and makes high-end embedded computer systems and boards for critical applications, has increased revenues and pre-tax profits in the six months to June 30.
Based on its unaudited management accounts for H1 FY23, the AIM-quoted company expects to report revenue of around £12 million – up from £7.4m year-on-year – and profit before tax of about £1m (H1 FY22: £0.1m). This represents record first half revenues for the company and an increase of 60 per cent compared to the equivalent prior year period.
The business is now operationally geared for a higher revenue outturn and is well positioned for future growth.
Concurrent Technologies plc (LON:CNC) designs and manufactures a range of computing products for use in critical embedded applications. The Company was established in 1985 with the majority of products being high performance Single Board Computers (SBC’s) based on Intel® CPU technology.