Online fashion retailer Sosandar (LON: SOS) has secured its latest wholesale partnership with Sainsbury, which will sell part of its range of clothing and accessories online and in stores later in the year. Sainsbury is growing market share in non-food markets. Existing partners include NEXT and John Lewis. This will not have a significant effect on the year to March 2023 when revenues of £42.5m and a move into profit is forecast. The 2023-24 forecast does not include any contribution from Sainsbury and pre-tax profit of £3.1m is already forecast on revenues of £58m. The share price rose by 9.52% to 23p.
Intercede Group (LON: IGP) has sparked further upgrades with its latest trading statement. The identity management software company says it could get better if further sales close before the end of March 2023. Forecast 2022-23 pre-tax profit has been trebled to £600,000 on a 6% upgrade of revenues. The share price is still much lower than 18 months ago, but it recovered 20.4% to 68p.
Energy transition services company Getech Group (LON: GTC) says 2022 revenues were ahead of expectations at £5m and there is a record order book of £4.6m. Transitional petroleum contributes two-thirds of revenues with the rest coming from critical metals. There was cash of £4.3m at the end of 2022 and that is enough for current requirements. There are plans to raise more cash from selling Kitson House, but the disposal has been delayed. There are discussions with strategic investment partners. The share price increased 10.9% to 15.25p.
Invinity Energy Systems (LON: IES) says existing contracts underpin growth in in 2023. There are £22m of vanadium flow battery systems due for delivery in 2023 and a further £7.4m order book for 2024. There was £5.1m in the bank at the end of 2022. Pilot projects with Siemens Gamesa should begin in the summer and a next generation product should be available in the first half of 2024. The share price is 11.5% ahead at 43.5p.
Surgical Innovations (LON: SUN) says 2022 revenues will be 5% ahead of expectations at £11.3m and this should enable the surgical instruments supplier to breakeven as gross margins recover. The UK grew significantly and momentum in the fourth quarter is carrying on into this year, although trike action could hit demand. International sales should continue to recover. The share price is 9.38% higher at 1.75p.
Vast Resources (LON: VAST) expects litigation in Zimbabwe relating to diamond joint ventures to be concluded this month. This could lead to the release of a parcel of 129,400 carats of rough diamonds. This litigation started in 2009. The share price is 5.26% ahead at 0.2p, having been 0.24p earlier in the day.
Podcast content platform operator Audioboom (LON: BOOM) increased revenues by one-quarter to $75.5m in 2022. However, this is lower than forecast and pre-tax profit has been downgraded to £3.2m, compared with £2.7m in 2021. Advertising spending has been weak because of economic conditions. Net cash was better than expected at $8.1m. The share price declined 6.03% to 397.5p.
Textile wholesaler Leeds Group (LON: LDSG) reported flat interim revenues of £15.6m, but the loss was more than halved at £224,000, although that includes a £138,000 gain on a property sale. Net debt is £6.13m, but that includes cash that will be used to pay the creditors of subsidiary KMR, which is in the hands of an insolvency administrator. The share price fell 7.14% to 13p.
