Ruggedised plug-in cards and systems developer Concurrent Technologies (LON: CNC) had a strong fourth quarter and 2024 revenues were 10% higher than expected at £39.6m. The share price is 9.4% ahead at 151.5p.
Management has focused on increasing the number of new product launches each year and this is paying off. The systems business is still building up its revenues and there is plenty of growth potential.
One reason why the revenues were higher than forecast is additional non-recurring engineering income. This involves adapting products to customer requirements, so it is a forerunner...
