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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 gross profit to £5m and a decrease of 62 per cent in operating loss to £1m as it heads towards profitability. CyanConnode improved its cash position by 58 per cent to £2.4m.

Executive chairman John Cronin said record numbers of modules were shipped and record cash collected in the year.

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. 

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