It is fast paced reporting in the Uk this 7 days, which is likely the busiest in the yr for Uk modest and mid caps annual final results. Meanwhile, in the US, Adobe is releasing earnings in an otherwise subdued 7 days, with US earnings off period right up until late April.
The 7 days in advance
In the Uk, we anticipate December closing final results (LON: Fowl), (LON: ALFA), Loopup Group PLC (LON: LOOP), accesso Technological innovation Group PLC (LON: ACSO), (LON: KWS), PLC (LON: SPE), (LON: TCM), Mastering Technologies Group PLC (LON: LTG), (LON: IQG) and (LON: IQE). Also, there are interim final results ending January for PLC (LON: SCT) and essensys PLC (LON: ESYS).
Alfa Money Software package, which delivers computer software for the asset finance market, announces closing final results tomorrow. In its trading update in mid-December, it mentioned that the optimistic momentum had ongoing with robust performances in equally October and November, and it anticipated that December would also be much better than earlier anticipated. Late very last month the company pushed income advice in advance by £4mln as a end result of a adjust in income recognition in a not long ago received contract extension, due to there staying no associated implementation job.
Loopup, which features a cloud platform for high quality exterior communications, announces closing final results tomorrow. In a trading update in early February, the company verified that it expects fiscal yr 2020 (FY20) income to be about £50.2mln (FY19: £42.5mln) and underlying earnings (EBITDA) to be about £15.3mln (FY19: £6.4mln). These numbers seem low-priced in relation to the market place capitalisation of just £42mln nonetheless, consensus forecasts are pointing to a sharp downturn in FY21. The team finished the yr with gross cash of £12.1mln and internet debt of £0.7mln.
accesso Technological innovation, which delivers technological innovation solutions to the leisure, enjoyment and cultural markets, announces closing final results tomorrow. In a trading update in late January, it mentioned that the solid trading effectiveness described in the November update had ongoing via the remainder of 2020, specially around the festive period in North The united states. As a result, the team anticipated to deliver FY20 income of not a lot less than US$55.0mln, which was in advance of the board’s past expectations. Net cash at the end of the yr is anticipated to be just under US$30.0mln. The company mentioned that the robust fourth-quarter (Q4) trading effectiveness indicated that, in spite of the pandemic, the underlying market place chance remained intact and the team carries on to conduct strongly when buyer venues are open up nonetheless, due to the modern acceleration of the COVID-19 pandemic and the diversified tempo of vaccine deployment, trading will most likely go on to be affected by lower venue attendance around the initial half of 2021.
essensys, which delivers computer software-as-a-company (SaaS) platforms and on-desire cloud companies to the adaptable workspace market, announces interim final results on Tuesday. In its February trading update, the company mentioned it expects to report initial-half income in line with management expectations at £10.6mln. This was supported by a robust effectiveness from its US enterprise, which saw its recurring income increase by 18% to £4.42mln in spite of the ongoing effect of Covid-19. The group’s overall annualised recurring income (ARR) run level grew slightly to £19.9mln from £19.7mln in the prior period, on a continual forex basis. The company mentioned that modified EBITDA for the half-yr is anticipated to be in line with management expectations and the team finished the period with internet cash of £5.9mln, which was also in line with management expectations.
Search phrases Studios, which delivers companies to the international video clip video games market, announces closing final results on Wednesday. In its trading update in late January, it mentioned it expects to produce 12% natural and organic income progress for FY20 in spite of COVID-19 constraints. The company expects income and modified profit before tax to be €373mln and €55mln, respectively, which is marginally in advance of the advice issued in late November. Calendar year-end internet cash is anticipated to be close to €100mln. Considering the fact that the share placement in Might, the team has created 8 acquisitions. This includes the latest acquisition introduced very last 7 days – an eighty five% stake Tantalus Media for up to US$forty six.8mln – which marks the group’s entry into the Australian video clip video games market place. Also very last 7 days, the company introduced that Andrew Working day, CEO, would acquire a non permanent leave of absence from the enterprise for health factors. Jon Hauck and Sonia Sedler have been appointed as joint interim CEOs together with their present roles.
, the Uk supplier of IT infrastructure technological innovation and companies, announces interim final results on Tuesday. In a brief trading update in early January, the company mentioned that trading had ongoing to be optimistic given that the Q1 assertion in November. It mentioned that desire from general public sector shoppers had remained robust although the corporate photo had ongoing to increase but was also somewhat mixed. Following the seasonally critical December trading period, the company mentioned it was significantly in advance of where it anticipated to be at this stage. Even so, it pointed out that the second half remained tricky to forecast.
, which delivers computer software and companies for solution daily life cycle management, announces annual final results on Wednesday. FY20 income is anticipated to be close to US$30mlm, in line with FY19, with modified EBITDA slightly lower at US$5.6mln (FY19: US$6.4mln). Additional importantly, annualised recurring revenues (ARR) are expected to increase by 13% to US$18mln. Consequently, FY21 income visibility, which includes companies buy book, stands at US$22mln, up 23% from US$18.9mln a yr previously. The overall contract value (TCV) of the signed computer software-as-a-company (SaaS) enterprise grew by 274% yr on yr.
Telit Communications, a international enabler of the Web of Things (IoT), announces closing final results on Wednesday. In its trading update in January, it mentioned that FY20 revenues are anticipated to be US$343.0mln (FY19: US$382.8mln excluding automotive), reflecting a decline of 10.4%. Altered EBITDA is anticipated to be in the range of US$38-$41mln (FY19: US$38.2mln which includes two months EBITDA contribution from the automotive enterprise). Last 7 days the company mentioned that DBAY, its most significant shareholder with a 26.02% stake, is in conversations with the company with regards to a feasible provide for Telit.
Mastering Technologies, which delivers companies and technologies for electronic learning and expertise management, announces closing final results on Thursday. In its trading update in late January, it mentioned it expects FY20 revenues to be not a lot less than £131.0mln (FY19: £130.1mln). Recurring revenues improved to circa 80% of the overall revenues (FY19: seventy four%) as a solid effectiveness in the Software package & Platforms division countered a decline in Content material & Solutions which was due to the effect of COVID-19. Altered earnings before curiosity and tax (EBIT) are anticipated to be in advance of consensus and not a lot less than £40.0mln (FY19: £41.0mln), although the yr-end internet cash placement of £70.2mln was significantly in advance of the consensus of £59.6mln. After the period end, the team has created 3 acquisitions – Reflektive for US$fourteen.2mln, The People Advancement Staff for an preliminary £13.2mln and Bridge for US$50mln.
IQGeo, which delivers geospatial productivity and collaboration computer software for telecoms and utility community operators, announces closing final results on Thursday. In its January trading update, it mentioned it is viewing ongoing robust market place desire as equally telecoms and utilities markets have been a lot less affected than other sectors during the COVID-19 pandemic. It expects FY20 income to be not a lot less than £9.0mln (FY19: £7.8mln) with own-solution income anticipated to expand by some 30% to more than £7.0mln. The method of changing the enterprise to a recurring income model carries on to demonstrate fantastic momentum with approximately 35% of overall revenues now recurring, up from 21% in FY19. The ARR run level as at December is anticipated to be close to £5.3mln, up from £2.0mln in FY19, reflecting 65% natural and organic progress and £2.0mln from OSPI, which was obtained in December. Gross margins have improved noticeably and the team expects to report a significantly lessened modified EBITDA loss of close to £2.5mln (2019: loss of £4.8mln). The team had internet cash of £10.5mln at the yr-end, with gross cash of £11.1mln which includes the US Federal government PPP bank loan, the repayment of which is anticipated to be waived. After the period end, the team obtained £2.5mln from the sale of the residual curiosity in the group’s former RTLS enterprise. Following the update, the team has received a £1.3mln two-yr buy with a big telecoms community operator that serves more than 3.2mln shoppers in central and western Canada.
IQE, which manufactures state-of-the-art semiconductor wafer products and solutions and products solutions for the international semiconductor market, announces closing final results on Thursday. In its January trading update, it mentioned that FY20 income is anticipated to be about £178mln, issue to exterior audit evaluation (2019: £140mln). This is consistent with earlier issued advice of at minimum £170mln and signifies around 25% yr-on-yr progress. The team closed the yr with a internet cash placement of close to £2mln. The company mentioned that trading remained favourable in the closing quarter of 2020 and it enters 2021 with optimistic momentum in equally the Wi-fi and Photonics enterprise models.
Throughout the pond, it stays quiet on the earnings front with Adobe anticipated to be the highlight, reporting Q1 numbers (February period end) on Thursday. Other tech-linked firms reporting include Synnex, Riot Blockchain, , QAD, and Momo. Also, Intel is hosting its Intel Unleashed: Engineering the Upcoming event tomorrow afternoon, eastern normal time, with the new main govt Pat Gelsinger offering a enterprise update and outlining Intel’s new method for innovation and technological innovation management.
|Date||Company||Event||Period of time ending|
|22-Mar||Blackbird||Final final results||31-Dec|
|23-Mar||Alfa Money Software package||Final final results||31-Dec|
|23-Mar||Loopup||Final final results||31-Dec|
|23-Mar||accesso Technological innovation||Final final results||31-Dec|
|23-Mar||essensys||Interim final results||31-Jan|
|24-Mar||Search phrases Studios||Final final results||31-Dec|
|24-Mar||Softcat||Interim final results||31-Jan|
|24-Mar||Sopheon||Final final results||31-Dec|
|24-Mar||Telit Communications||Final final results||31-Dec|
|25-Mar||Mastering Technologies||Final final results||31-Dec|
|25-Mar||IQGeo||Final final results||31-Dec|
|25-Mar||IQE||Final final results||31-Dec|
|29-Mar||Quixant||Final final results||31-Dec|
|29-Mar||Dev Clever||Final final results||31-Oct|
|30-Mar||Dialight||Final final results||31-Dec|
|30-Mar||K3 Small business Technological innovation||Final final results||30-Nov|
|31-Mar||Looking at Equipment||Interim final results||31-Dec|
|7 days of 29 Mar||Mobile Tornado||Final final results||31-Dec|
|April||[email protected]||Final final results||31-Dec|
|08-Apr||Interim final results||31-Jan|
|08-Apr||Alpha FMC||Investing update||31-Mar|
|12-Apr||Quixant||Final final results||31-Dec|
|21-Apr||Pennant||Final final results||31-Dec|
|27-Apr||XLMedia||Final final results||31-Dec|
|28-Apr||Final final results||31-Jan|
|29-Apr||Proactis||Interim final results||31-Jan|
|April||AdEPT Technological innovation||Investing update||31-Mar|
|24-Might||Final final results||31-Mar|
|Might||Bango||Technique working day|
|18-twenty Might||Blue Prism||Blue Prism Planet|
|Late Might/E June||Bytes Technological innovation||Final final results||28-Feb|
|15-Jun||CML Microsystems||Final final results||31-Mar|
|18-Jun||Blue Prism||Interim final results||30-Apr|
|Early July||AdEPT Technological innovation||Final final results||31-Mar|
Supply: Knowledge from regulatory information and company internet websites