Delayed benefits of new Concurrent Technologies strategy

Ruggedised plug-in cards developer Concurrent Technologies (LON: CNC) is set on a new strategy that will increase opportunities for the business, but do not expect to see the results of this in the current financial year. Longer-term, there should be an acceleration of growth as new product launches get designed-in to end products.

Component shortages held back revenues and they dipped from £21.1m to £20.5m in 2021. Even so, pre-tax profit improved from £3.7m to £4.1m thanks to lower operating expenses. The top ten clients account for 70% of revenues with the US the biggest regional market...

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