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Concurrent Technologies ( (GB:CNC) ) has provided an update.
Concurrent Technologies Plc has announced that FY24 will be a record year with revenue expected to be approximately 25% higher than FY23, surpassing market expectations. This growth is attributed to strategic investments in talent and product development, as well as securing 22 design wins, including 10 major wins with significant long-term revenue potential. Despite the loss-making Systems business in LA, the company has achieved operational gearing, positioning it strongly for future success. The company is optimistic about its growth trajectory, expecting continued success and further opportunities in FY25.
More about Concurrent Technologies
Concurrent Technologies Plc develops and manufactures high-end embedded plug-in cards and systems for use in high-performance applications across telecommunications, defense, security, telemetry, scientific, and aerospace industries. Their products feature Intel processors and are designed for extreme environments, supporting leading embedded operating systems, and are sold globally.
YTD Price Performance: 0.73%
Average Trading Volume: 210,654
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £118.8M
See more insights into CNC stock on TipRanks’ Stock Analysis page.
