AIM movers: Blackbird partnership paying off and PCF departing

Blackbird (LON: BIRD) has revealed that its major partner is EVS Broadcast Equipment, which has already announced a $50m, ten-year deal with a US broadcaster that includes Blackbird’s video editing technology. The Belgium-based live video technology developer has a strong market position in sport and news and Blackbird completed the development and integration of its technology with EVS earlier this year. The first deal provides Blackbird with a per-seat user licence fee, as well as maintenance and support revenues. Similar deals are likely to be secured in the coming years. The share price rose 10.9% to 12.75p.

Invinity Energy Systems (LON: IES) is selling a 1.5MWh vanadium flow battery to partner Hyosung Heavy Industries and this system will be evaluated by Korea Electric Power Corporation. If the test is successful, then the battery system will be qualified for use in grid scale projects in South Korea. There will be an advanced payment in 2022 and the rest of the revenues will be in 2023. This is the latest deal in Asia. The share price increased by 20.9% to 55p, which is more than double the level at the start of the month.

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Data analysis software provider WANdisco (LON: WAND) has announced a third deal with a large European automotive supplier. This is worth $13.2m, taking the total value of contracts to $25.3m. The original contract was to replicate automobile sensor data and the requirements are increasing. The share price improved by 8.01% to 688p.

Touch sensors supplier Zytronic (LON: ZYT) improved full year revenues from £11.7m to £12.3m, while pre-tax profit increased from £453,000 to £705,000 and the dividend has been raised by 47% to 2.2p. There are still supply chain problems. Net cash was £6.4m at the end of September 2022, following £2m of share buybacks. The share price is 5.45% ahead at 145p.

On Monday, shareholders approved the PCF Group (LON: PCF) plan to leave AIM on 19 December and the share price has slumped 44% to 0.35p.

Marketing software services provider Access Intelligence (LON: ACC) almost doubled revenues in the year to November 2022 and EBITDA was better than expected. The company has withdrawn from loss-making contracts. However, management expresses concern about the pace of contract conversion and growth. The share price dived by 27.4% to 63.5p.

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Morses Club (LON: MCL) has issued a practice settlement letter to scheme of arrangement creditors. This scheme will largely be finance through an equity issue. The share price fell by more than one-third to 1.56p.

Digital advertising services provider Dianomi (LON: DNM) says revenues will be flat in 2022. New advertiser spending has not grown as expected. This means that 2022 EBITDA will be around 50% of the £3.1m reported for 2021. US digital advertising spending is growing, and long-term prospects are positive.  The share price is 15.4% lower at 107.5p.

Atome Energy (LON: ATOM) has raised £2.7m via a placing at 106.2p a share – the share price slipped 6.44% to 109p. Electrolyser developer Clean Power Hydrogen (LON: CHP2) invested £1.5m, whose share price rose 5.79% to 32p, and much of the rest came from management and employees. A retail offer via Primary Bid closes at 7pm. The cash will help to finance the doubling of capacity at the green hydrogen and ammonia project in Paraguay to 120MW.

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