Concurrent Technologies, a company that specializes in the design and manufacture of embedded computing systems and boards for critical applications, has provided an update on its fiscal year ending December 31, 2022.
According to the company’s unaudited management accounts, it expects its revenue to surpass market predictions by roughly 10% and its pre-tax profit to meet market expectations.
This success was accomplished despite supply chain challenges that prolonged lead times and affected manufacturing, shipments, and revenue throughout the year.
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. More recently the product range has expanded to include other Plug in Cards in addition to SBC’s, as well as offering System level products and capability.