The following stocks are the leading risers and fallers on AIM in London on Tuesday.
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AIM - WINNERS
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Ethernity Networks Ltd, up 51% at 15.82 pence, 12-month range 0.084p - 16.00p. Signs a $4.6 million follow-on contract with an existing customer operating in India and China. Contract brings total value of contracts with the unnamed customer to $7.6 million. The semiconductor technology supplier will supply system-on-chip devices to the client, with support for gigabit passive optical networking optical line termination. Firm expects revenue from the contract to be recorded in 2023 and 2024.
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Zoo Digital Group PLC, up 12% at 142.00 pence, 12-month range 96.20p - 150.00p. Reports strong momentum across the business. Revenue in the six months that ended September 30 expected at $51 million, up from $26.9 million the previous year. Also expects a ‘significant’ increase in earnings before interest, tax, depreciation and amortisation. The subtitling and dubbing software provider says a strong pipeline of work and ‘excellent’ customer relationships give it ‘continued and unwavering’ confidence moving forward. Zoo Digital will announce its interim results in November.
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Feedback PLC, up 6.6% at 0.69 pence, 12-month range 0.47p - 1.37p. In the year that ended May 31, the medical software and system company reports its highest-ever reported revenue and full-year results ‘significantly’ ahead of market expectations. Revenue more than doubles to £588,576 from £287,415 the previous year. Pretax loss, however, widens to £2.5 million from £2.1 million. This reflects investment in the development and roll out of Bleepa, company explains. Bleepa is a clinician-facing platform that displays patient results.
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AIM - LOSERS
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eve Sleep PLC, down 45% at 0.40 pence, 12-month range 0.36p - 3.90p. In the six months that ended June 30, records a widened pretax loss of £4.6 million from a loss of £2.3 million a year before. Revenue falls 16% to £11.6 million from £13.9 million. The mattress maker explains there has been ‘no let-up’ in the challenging market backdrop, which it says has had a negative impact on demand for big ticket items and homewares. Adds efforts have been made to streamline the business, with cash preservation the ‘absolute focus’.
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Deltex Medical Group PLC, down 23% at 0.81 pence, 12-month range 0.81 - 1.70p. Pretax loss widens to £662,000 in the first half of 2022 from a loss of £531,000 the previous year. The cardiac monitoring system maker explains the loss is due to increased investment in advertisement to generate increased international sales. Revenue inches up to £1.2 million from £1.1 million, however, thanks to the International division. Notes ‘severe’ disruption during the half as a result of the Covid-19 pandemic and a ‘slight’ increase in overheads.
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Tlou Energy Ltd, down 14% at 1.21 pence, 12-month range 0.013p - 1.37p. Reports a loss before interest and tax of $4.3 million, widened from $2.1 million a year before. The Africa-focused project developer says the past year has seen it achieve ‘significant targets’, however, including the signing of a power purchase agreement in Botswana. Adds work is underway on a new operations base, and progress is being made on the development of a hydrogen and solid carbon project.
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