Concurrent Technologies Reports Record Growth

Concurrent Technologies (GB:CNC) has released an update.

Concurrent Technologies Plc announced a stellar first half of 2024, with a 39% rise in revenue to £16.8 million and profit before tax soaring by 130% to £2.3 million, compared to the previous year. The company secured eight major design wins, matching the total from the entire previous year, indicating strong future growth prospects. Additionally, a robust cash balance of £8.9 million demonstrates the company’s financial health and strategic investments in R&D and global markets.

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