CyanConnode exceeds full-year revenue expectations

Smart mesh network technology company CyanConnode said unaudited turnover for its financial year exceeded market expectations at £9.3m, up from £6.4m year-on-year.

The AIM-traded firm said cash at year-end on 31 March totalled £2.4m, rising from £1.5m a year earlier, while cash received from customers during the period totalled £8.2m, up from £5.3m.

A total of 612,000 modules were delivered to customers during the year, growing from 481,000 in 2021.

CyanConnode Holdings plc (LON:CYAN) is a world leader in the design and development of Narrowband RF mesh networks that enable Omni Internet of Things (IoT) communications. 

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
CyanConnode Holdings plc

More articles like this

Hardman & Co

CyanConnode: Smart meter breadth and depth

CyanConnode Holdings plc (LON:CYAN) has steadily been making progress in India, where the national smart meter programme has been gathering pace. In July 2022, the company crossed the one million mark for meters connected to its RF network

CyanConnode Holdings plc

What is a smart meter and why are they in the news?

Every property (business and residential) is getting changed to a smart meter as part of massive infrastructural investment. If you have not gotten one already, it’s only a matter of time until you are switched over from the

CyanConnode Holdings plc

Meet Ratna Garapati…

Ratna Garapati has overall experience of 28 years in implementing digital transformation processes in products and service companies. He began his journey with CyanConnode in 2020. Since then, he has overseen CyanConnode’s deployment of over 1 million RF

CyanConnode Holdings plc

CyanConnode largest ever order in India

CyanConnode India Pvt Ltd has reported the winning of its single-largest order ever. In a release, CyanConnode announced that its Indian subsidiary CyanConnode India Pvt Ltd has received its largest order ever. Placed by Genus Power Infrastructures Ltd, the order

CyanConnode Holdings plc

CyanConnode to deploy 10 lakh RF modules for Genus Power

CyanConnode India Pvt. Ltd. is pleased to announce that it has received its largest-ever order. The order, placed by Genus Power Infrastructures Limited (Genus), is for ten lakh Omnimesh RF Modules for the deployment of Smart Meters in

CyanConnode Holdings plc

CyanConnode wins smart meters order from Genus Power

CyanConnode India has received its order from Genus Power Infrastructures for 10 lakh Omnimesh RF Modules for deployment of Smart Meters in Bihar. CyanConnode will supply 10 lakh Omnimesh modules together with Advanced Metering Infrastructure, Standards-Based Hardware, Omnimesh Head-End Software,

CyanConnode Holdings plc

Highest-ever annual revenue for CyanConnode

Cambridge RF technology specialist CyanConnode Holdings increased revenue by 49 per cent to £9.6 million in the year ended March 31 – its  highest annual revenue to date. It also reported an increase of 61 per cent in

CyanConnode Holdings plc

CyanConnode revenue increased 49% to £9.6m in 2022

CyanConnode Holdings plc (LON:CYAN) has announced its audited results for the year ended 31 March 2022. Financial highlights ·    Increase of 49% in revenue to £9.6m in 2022 from £6.4m in 2021 , the highest annual revenue for the Group to

CyanConnode Holdings plc

CyanConnode receives largest-ever order from long-standing partner Genus

CyanConnode Holdings plc (LON:CYAN) has announced that its subsidiary, CyanConnode India Pvt Ltd, has received its largest-ever order.  The order, placed by Genus Power Infrastructures Limited (“Genus”), is for one million Omnimesh Modules, together with Advanced Metering Infrastructure,

CyanConnode Holdings plc

25% of smart meters in India run on CyanConnode’s network

At DistribuElec Expo, CyanConnode exhibited Omnimesh RF mesh technology with five different smart meters working in real-time on a single network. CyanConnode India is looking forward to interacting with more DISCOMs for the installation of smart meters and

CyanConnode Holdings plc

CyanConnode achieves a record year in terms of revenue

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

No more posts to show