DS Smith, unchanged at 280.9p, announced that it has launched its global Research & Development (R&D) and Innovation Centre, ‘R8’. The new facility allows to accelerate the research and development of radically new packaging fulfillment solutions. Separately, the company announced an investment of over €13m in its Ghimbav production site in Romania.
Darktrace, down 7.6%, in its trading update for the three months ended 30 September 2023, announced that during Q1 FY 2024, the company added net constant currency ARR of $21.1m, a decline of 21.6% compared to the same quarter of FY 2023. Revenue for Q1 FY 2024 was $161.6m, reflecting year-over-year growth of 28.0%. Further, it expects year-over-year constant currency annualised recurring revenue growth of 21% to 23%, implying net annual recurring revenue additions of $133.8m-$146.6m. The company also reaffirmed its guidance for year-over-year revenue growth of 22.0%-23.5%, an adjusted EBITDA of 17.0%-19.0%, and free cash flow of 50% to 60% of adjusted EBITDA.
1Spatial, up 5.5%, in its interim results for the six months ended 31 July 2023, announced that group revenues rose to £15.54m from £14.03m recorded in the same period a year ago. Loss before tax stood at £0.46m, compared to a profit of £0.27m. Further, the Board is confident in achieving results for FY 2024 in line with expectations.
Cambridge Cognition Holdings, up 2.8%, announced that it has secured a contract for a sizeable later stage clinical trial, following a competitive tender.
Sareum Holdings, unchanged at 80.0p, in its financial results for the year to end 30 June 2023, reported nil revenues during the period. Loss before tax widened to £4.03m from £2.58m.
Netcall, down 11.6%, in its final results for the year ended 30 June 2023, announced that total revenues increased by 18% to £36.0m from £30.5m recorded in the previous year. Moreover, profit before tax widened to £4.0m from £2.3m. The Board has proposed a final dividend of 0.83p (FY22: 0.54p).
Quartix Technologies, down 4.3%, announced that Chief Executive Officer, Richard Lilwall, has stepped down from the Board and Andy Walters would become Executive Chairman, with immediate effect.
Bango, down 1.4%, announced that it has partnered with leading content provider Sam Media to enable Direct Carrier Billing for its extended reality (XR) content.
CyanConnode Holdings, unchanged at 10.4p, announced that it has received an order for 300,000 Omnimesh Modules from IntelliSmart Infrastructure Private Limited. Bango, down 1.4%, announced that it has partnered with Sam Media to enable Direct Carrier Billing for its extended reality (XR) content.
