Good news from narrowband radio frequency communications networks developer CyanConnode (LON: CYAN) where full year revenues have soared in the past year. More importantly, the cash position is positive.
Revenues are better than expected. In the year to March 2021, revenues will be more than double the £2.5m achieved in the 15 months to March 2020. Arden had forecast a figure of £5.8m for 2020-21, but it will be around £6.2m. That is an impressive second half performance considering that interim revenues were £1.5m.
Management has been promising growth in demand and contracts have been ...
