Identity management software provider Intercede (LON: IGP) has won two contracts from existing clients worth $3.8m. The main one is a $3.6m upsell for new perpetual licences for MyID CMS to a US federal agency. The share price gained 13.1% to 99.5p.
Smart video technology company SEEEN (LON: SEEN) has acquired media library and streaming software provider MEDIAL for up to £1.2m in cash and shares issued at 6p each. The share price increased 12.5% to 4.5p. The acquired business made a pre-tax profit of £210,000 in the year to April 2025. SEEEN can sell its services to the acquired company’s customer base and offer training packages.
Drug delivery company CRISM Therapeutics (LON: CRTX) announced positive preclinical results for the Docetaxel-ChemoSeed implantable drug delivery technology, which showed significant anti-tumour activity, drug response and tolerability in prostate cancer. This shows the effectiveness of a localised chemotherapy approach. The share price added 10.6% to 13p.
Floorcoverings distributor Likewise (LON: LIKE) has raised first quarter revenues by 15%. It continues to gain market share. The current forecast for annual revenues is based on 7.6% growth. A £3m property has been bought in Leeds for a new distribution hub. A 2026 pre-tax profit of £4m is currently forecast. The share price improved 8.7% to 25p.
Musical instruments retailer Gear4Music (LON: G4M) improved sales by 30% in the year to March 2026. Net debt is £5m. This has sparked an increase in the 2025-26 pre-tax profit from £9.3m to £9.7m. A new warehouse is being fitted out, and this will cost £10.2m, of which £3.6m has been paid. The share price rose 9.28% to 265p.
Shares in Facilities by ADF (LON: ADF) recovered 6.67% to 12p. The latest figures should mark the bottom for the business. A full contribution from Autotrak was the main reason behind the rise in revenues from £35.2m to £41.3m, although there was also a stronger second half. The loss was reduced from £2.8m to £800,000. There was a sharp second half improvement in EBITDA before exceptionals and for the full year it rose from £7,2m to £9.2m. New management has not had time to have an effect on the business. There are plans for increased integration of the three core businesses and generating greater revenues from non-film customers.
FALLERS
Mercantile Ports and Logistics (LON: MPL) continues to try to regain control of the Karanja Terminal & Logistics subsidiary. Mercantile says it can repay the related debt, but the proposal was rejected by the consortium of banks. They prefer an alternative plan from Adani Ports and Special Economic Zone Limited and that has been approved by the courts. The company has appealed. The share price had been rising because of optimism about the outcome of the repayment proposal, and it has slumped 67.1% to 0.675p.
Internet of Things businesses investor Tern (LON: TERN) has launched a one-for-seven open offer at 0.6p/share. This could raise up to £644,000 for further investments in existing investee companies and cover overheads. The share price fell by one-fifth to 0.6p.
Capital equipment supplier Mpac (LON: MPAC) reported a rise in pre-tax profit from £10.6m to £13.5m, helped by acquisitions. The second half trading become more difficult. Earnings still rose by 2%. Trading conditions remain tough with projects being deferred and increasing competition on price. This year trading is expected to be more second half weighted. The share price declined 11.5% to 230p.
Meida analysis company Ebiquity (LON: EBQ) reported a slump in pre-tax profit from £6.5m to £1.1m, but results are expected to recover this year. Cash generation reduced net debt to £13.1m. Costs have been reduced, which should help pre-tax profit recover to £2.6m this year. AI investment will also help. The share price dipped 8.51% to 10.75p.