CyanConnode Holdings (CYAN) AI Stock Analysis

• Market Cap: £47.17M
• Dividend Yield: N/A
• Average Volume (3M): 919.47K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.66
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: 117
• Sector: Technology
• Sector Strength: 48
• Industry: Hardware & Equipment
• EPS (TTM): -0.01
• Shares Outstanding: 358,891,020
• 10 Day Avg. Volume: 733,700
• 30 Day Avg. Volume: 919,471
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 8.93
• Price to Cash Flow (P/CF): -14.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

CyanConnode Holdings shows strong revenue growth and recent positive corporate developments, particularly in India, which are promising signs. However, the stock is weighed down by financial challenges such as persistent losses and negative cash flows, along with valuation concerns due to unprofitability. Technical indicators suggest moderate momentum, but the overall financial instability and lack of immediate income potential warrant caution.

CyanConnode Holdings Business Overview & Revenue Model

Company Description

CyanConnode Holdings (CYAN) is a technology company specializing in the development and deployment of narrowband radio frequency (RF) smart mesh networks. It primarily serves the energy and utilities sectors, providing innovative solutions for advanced metering infrastructure (AMI), smart grid applications, and the Internet of Things (IoT). The company's core products enable efficient and reliable communication for smart meters and other devices, facilitating better energy management and resource optimization.

How the Company Makes Money

CyanConnode makes money by offering products and services that enable the deployment of smart metering and IoT solutions. Its revenue model is primarily based on licensing its proprietary technology, selling hardware components such as communication modules and gateways, and providing associated software and network management services. The company also earns revenue through long-term contracts with utility companies and governments, often collaborating with system integrators and other partners to deliver large-scale projects. These partnerships and contracts are significant contributors to its earnings, as they ensure a steady stream of income from both initial implementation and ongoing maintenance and support services.

CyanConnode Holdings Financial Statement Overview

Summary

CyanConnode Holdings is experiencing significant revenue growth but is challenged by persistent losses and negative cash flows. While the balance sheet reflects controlled leverage, the company's profitability and cash flow issues could pose risks to its financial stability. Continued focus on cost management and cash flow improvement is essential.

Income Statement

CyanConnode Holdings shows a significant revenue growth of over 59% from 2023 to 2024. However, the company is struggling with profitability as indicated by negative EBIT and Net Income margins. Gross Profit Margin is present but overall the company is facing challenges in cost management and profitability.

Balance Sheet

The company maintains a relatively favorable debt-to-equity ratio, indicating a controlled leverage. However, the declining stockholders' equity from 2023 to 2024 and the negative net income highlight financial underperformance. The equity ratio remains stable, suggesting moderate financial stability.

Cash Flow

CyanConnode's cash flow is concerning, with negative operating and free cash flow indicating liquidity challenges. The company is unable to convert its operational activities into positive cash flows, signaling potential cash management issues. The free cash flow has deteriorated significantly over the years.

Breakdown
Mar 2024	Mar 2023	Mar 2022	Mar 2021	Dec 2018
Income Statement		Total Revenue
18.73M	11.73M	9.56M	6.44M	4.46M
	Gross Profit
5.61M	4.21M	5.01M	3.10M	2.74M
	EBIT
-4.20M	-3.35M	-1.02M	-2.69M	-6.32M
	EBITDA
-3.71M	-2.82M	-398.00K	-2.04M	-5.83M
	Net Income Common Stockholders
-3.83M	-2.41M	-871.00K	-2.06M	-5.38M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
783.00K	4.07M	2.35M	1.49M	4.56M
	Total Assets
23.12M	20.45M	16.79M	14.01M	16.80M
	Total Debt
474.00K	1.35M	2.02M	2.22M	0.00
	Net Debt
-309.00K	-2.72M	-335.00K	727.00K	-4.56M
	Total Liabilities
9.69M	5.68M	5.36M	7.00M	2.68M
	Stockholders Equity
13.43M	14.77M	11.43M	7.01M	14.12M
Cash Flow		Free Cash Flow
-4.47M	-2.98M	-3.42M	-1.14M	-5.88M
	Operating Cash Flow
-2.86M	-2.22M	-3.13M	-988.00K	-5.84M
	Investing Cash Flow
-1.60M	-766.00K	-296.00K	-90.00K	-24.00K
	Financing Cash Flow
1.23M	4.69M	4.28M	1.40M	5.04M

CyanConnode Holdings Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 13.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CYAN, the sentiment is Neutral. The current price of 13.5 is below the 20-day moving average (MA) of 13.84, above the 50-day MA of 12.06, and above the 200-day MA of 9.91, indicating a neutral trend. The MACD of 0.40 indicates Positive momentum. The RSI at 48.77 is Neutral, neither overbought nor oversold. The STOCH value of 30.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:CYAN.

CyanConnode Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GHH	61 Neutral	£118.62M	41.70	2.87%	2.85%	-8.41%	-31.29%
TRCS	61 Neutral	£107.90M	194.44	0.72%	0.76%	-1.22%	-92.99%
Sector *	59 Neutral	$22.39B	11.53	-18.05%	2.31%	5.00%	-25.89%
CYAN	46 Neutral	£47.17M	―	-27.63%	―	―	―

CyanConnode Holdings Corporate Events

CyanConnode Secures Major Follow-On Orders in India

CyanConnode Holdings PLC announced significant follow-on orders from Montecarlo Limited for 872,000 Omnimesh Modules, aimed at supporting India’s Revamped Distribution Sector Scheme (RDSS). These orders, part of projects in Madhya Pradesh and Maharashtra, underscore the company’s strong partnership with Montecarlo and its pivotal role in India’s smart metering ecosystem. The orders are expected to bolster CyanConnode’s market position and demonstrate the effectiveness of its technology in improving billing efficiency and reducing power theft.