Video editing technology developer Blackbird (LON: BIRD) continues to rebound following the interims earlier in the week. The share price improved 22.7% to 6.75p. Revenues fell 30% to £692,000 because of the ending of the A+E deal and lower operating costs meant that the loss was reduced. Cash burn was similar at £1.9m, leaving net cash of £5.6m. The elevate.io product was released in March and monetisation starts in early 2025.
Online gaming company Gaming Realms (LON: GMR) continues to make good progress and generate cash. The share price is also higher after interims and it is 39p, up 8.33%. Interim revenues improved 18% to £13.6m, even though there was not a repeat of the brand licensing deals in the year before, and pre-tax profit increased from £2.4m to £3.5m. The growth is international, although North America is the fastest growing with West Virginia going live after the period end. Even after capitalised development costs, net cash improved to £9.6m.
Marlowe (LON: MRL) is demerging the occupational health division as an independent AIM company called Optima Health by the end of September. Shareholders will receive one share for each Marlowe share held. Marlowe will focus on testing, inspection and certification operations. So far, £41m of the £75m share buy back has been spent. Marlowe continuing revenues are forecast to be £306m and pre-tax profit £13m. The share price increased 6.98% to 460p.
Wind turbine optimisation technology developer Windar Photonics (LON: WPHO) increased interim revenues by 71% to €2.3m and there was a small EBITDA loss. The second half order book is worth €3.8m. A move from loss to a full year profit of €2.7m is forecast. The share price is 6.17% ahead at 43p.
FALLERS
Wet weather hit sales at Fevertree Drinks (LON: FEVR) in the UK and Europe. That was offset by growth in other regions, but group revenues fell from £175.6m to £172.9m. Even so, underlying pre-tax profit rebounded from £4.7m to £13.2m. Cash is £65.9m. Second half revenues are expected to grow by between 7% and 10% following more positive trading in July and August. The share price declined 11.3% to 765.25p.
Optimisation software provider Checkit (LON: CKT) continues to reduce its loss on the back of a 16% increase in interim revenues to £6.7m. Annualised recurring revenues are £13.8m and that underpins the full year revenues forecast of £14.2m. Net cash was £7m at the end of July 2024 and higher R&D spending means that year-end cash is likely to be slightly lower than previously expected at around £5m. The share price fell 10.9% to 20.5p.
Energy optimisation services provider Inspired (LON: INSE) interim revenues edged up from £44.6m to £45m and pre-tax profit dipped from £6.2m to £5.7m. That was lower than forecast. Optimisation revenues declined, but product mix meant that margins were better. Cross-selling is helping to grow the ESG division and other parts of the business. Net debt is £57.6m. There is only £2.2m of contingent consideration due to be paid. Debt should start to decline over the next few years. The share price dipped 5.34% to 62p.
Ex-dividends
Churchill China (LON: CHH) is paying an interim dividend of 11.5p/share and the share price is unchanged at 925p.
Colefax Group (LON: CFX) is paying a final dividend of 2.9p/share and the share price is unchanged at 860p.
DSW Capital (LON: DSW) is paying a final dividend of 0.75p/share and the share price is unchanged at 60p.
Globalworth Real Estate Investments (LON: GWI) is paying an interim dividend of 10 cents/share and the share price is unchanged at 266 cents.
Midwich (LON: MIDW) is paying an interim dividend of 5.5p/share and the share price is 0.5p higher at 320.5p.
Uniphar (LON: UPR) is paying an interim dividend of 0.67 cents/share and the share price is unchanged at 225p.