Tillkännagivande • Jul 28
Concurrent Technologies Plc to Report First Half, 2026 Results on Sep 07, 2026 Concurrent Technologies Plc announced that they will report first half, 2026 results on Sep 07, 2026 Tillkännagivande • Jul 21
Concurrent Technologies plc Appoints Emma Ciechan as Executive Director, with Effect from 5 October 2026 Concurrent Technologies Plc announced the appointment of Emma Ciechan as Executive Director, with effect from 5 October 2026. Emma brings over 20 years' leadership experience spanning strategic finance, capital allocation, governance, transformation and corporate transactions, within complex international manufacturing and media businesses. Emma joins from DS Smith, formerly a London-listed global manufacturer of sustainable packaging with revenues of £6.8 billion and approximately 30,000 employees, where she most recently served as Finance Director of the Paper, Recycling & Capex and Paper Sourcing & Procurement divisions. During her 10 years at DS Smith, Emma held a number of senior finance roles, leading teams of up to 90 people and supporting external reporting and investor communications. Emma has also worked on acquisitions and other significant corporate transactions and, more recently, supported integration and organisational planning following International Paper's acquisition of DS Smith. Prior to DS Smith, Emma was Group Financial Controller at Guardian Media Group plc and held leadership roles at News UK and Kantar. In accordance with Rule 17 and Schedule 2 (g) of the AIM Rules for Companies, Emma Marie Ciechan (aged 50 years) holds/has held the following directorships/partnerships in the last five years: Current directorships and/or partnerships: DS Smith Paper Limited, DS Smith Logistics Limited, DS Smith Paper Limited Sp zoo. Past directorships and/or partnerships: Habitats & Heritage Social Enterprise Ltd. Ltd and The DS Smith Charitable Foundation. Tillkännagivande • Jul 13
Concurrent Technologies Plc Provides Earnings Guidance for the Six Months to 30 June 2026 Concurrent Technologies Plc provided earnings guidance for the six months to 30 June 2026. For the period, it expects revenue of approximately £23.1 million (first half fiscal 2025: £21.1 million). Tillkännagivande • Jun 11
Concurrent Technologies plc Declares Final Dividend for the Financial Year Ended 31 December 2025 Concurrent Technologies Plc at its AGM held on 10 June 2026 declared a final dividend of 1.155 pence per Ordinary Share for the financial year ended 31 December 2025. Upcoming Dividend • Jun 11
Upcoming dividend of UK£0.012 per share Eligible shareholders must have bought the stock before 18 June 2026. Payment date: 03 July 2026. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (1.5%). Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to UK£2.39, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 16x in the Tech industry in Europe. Total returns to shareholders of 246% over the past three years. Declared Dividend • Apr 15
Dividend increased to UK£0.012 Dividend of UK£0.012 is 5.0% higher than last year. Ex-date: 18th June 2026 Payment date: 3rd July 2026 Dividend yield will be 0.6%, which is lower than the industry average of 0.9%. Payout Ratios Payout ratio: 20%. Cash payout ratio: 60%. Reported Earnings • Apr 14
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: UK£0.059 (up from UK£0.055 in FY 2024). Revenue: UK£45.9m (up 14% from FY 2024). Net income: UK£5.06m (up 7.6% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Tech industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Apr 14
Concurrent Technologies Plc, Annual General Meeting, Jun 10, 2026 Concurrent Technologies Plc, Annual General Meeting, Jun 10, 2026. Tillkännagivande • Apr 13
Concurrent Technologies plc Proposes Final Dividend for the Year Ended 31 December 2025, Payable on 3 July 2026 The Board of Concurrent Technologies Plc proposed, subject to shareholder approval at the Company's AGM on 10 June 2026, a final dividend of 1.155 pence, for the year ended 31 December 2025 (FY24: 1.1 pence) to be paid on 3 July 2026 to shareholders on the register on 19 June 2026. Tillkännagivande • Mar 30
Concurrent Technologies Plc to Report Fiscal Year 2025 Results on Apr 13, 2026 Concurrent Technologies Plc announced that they will report fiscal year 2025 results at 8:00 AM, GMT Standard Time on Apr 13, 2026 Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to UK£1.91, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 18x in the Tech industry in Europe. Total returns to shareholders of 166% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.17 per share. Tillkännagivande • Mar 12
Concurrent Technologies Plc Launches Next-Generation Rugged Embedded Computing Products Concurrent Technologies Plc announced the launch of a new family of rugged embedded computing cards based on Intel's newly announced Core Ultra Processor (Series 3) architecture. Designed for defence, aerospace, national infrastructure and industrial applications, the new products support workloads including mission computing, sensor processing and high-bandwidth data handling, AI-assisted edge analytics, and long-life platform refresh programmes. The new products include: Eir, a new 3U OpenVPX processor board, designed to deliver significantly increased computing performance for new and next-generation VPX systems, supporting customers as they refresh and upgrade deployed architectures. Hermes II, a SOSA-aligned 3U VPX processor card designed for data-intensive workloads requiring high-bandwidth connectivity. Magni II, a compute-focused SOSA-aligned 3U VPX processor card designed for demanding workloads including AI-enabled edge processing and real-time analytics. Caelus, a next-generation VME processor card designed to support performance upgrades and lifecycle extension for long-running platforms, with expected availability to at least 2035. Hermes II and Magni II include a dedicated hardware-based secure enclave, providing enhanced protection for sensitive data and meeting the rigorous security requirements of mission-critical defence and aerospace programmes. The products are being announced alongside Intel's launch of its next generation processor platform, the Panther Lake chipset, reinforcing the Company's ability to bring innovative products to market as early as possible. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to UK£2.59, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 12x in the Tech industry in Europe. Total returns to shareholders of 232% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.14 per share. Buy Or Sell Opportunity • Jan 26
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to UK£2.61. The fair value is estimated to be UK£2.14, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 42%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Price Target Changed • Jan 22
Price target increased by 7.1% to UK£2.63 Up from UK£2.45, the current price target is an average from 4 analysts. New target price is 7.7% above last closing price of UK£2.44. Stock is up 41% over the past year. The company is forecast to post earnings per share of UK£0.065 for next year compared to UK£0.055 last year. Price Target Changed • Jan 20
Price target increased by 9.1% to UK£2.59 Up from UK£2.37, the current price target is an average from 3 analysts. New target price is 15% above last closing price of UK£2.24. Stock is up 31% over the past year. The company is forecast to post earnings per share of UK£0.068 for next year compared to UK£0.055 last year. Tillkännagivande • Jan 20
Concurrent Technologies plc Provides Earnings Guidance for the Year Ended December 31, 2025 Concurrent Technologies Plc provided earnings guidance for the year ended December 31, 2025. Based on its unaudited management accounts, the Company expects revenue to be in line with market expectations, delivering strong double-digit growth on fiscal year 2024 (fiscal year 2024: revenue £40.3 million). Recent Insider Transactions Derivative • Dec 12
Board Member exercised options and sold UK£80k worth of stock On the 8th of December, Brent Salgat exercised 100.00k options at around UK£1.01, then sold 69k of the shares acquired at an average of UK£2.17 per share and kept the remainder. Since March 2025, Brent's direct individual holding has increased from 110.00k shares to 201.56k. Company insiders have collectively sold UK£549k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Dec 01
CEO & Executive Director exercised options and sold UK£154k worth of stock On the 26th of November, Miles Adcock exercised 267.38k options at around UK£0.93, then sold 103k of the shares acquired at an average of UK£2.42 per share and kept the remainder. For the year to December 2021, Miles' total compensation was 46% salary and 54% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Miles' direct individual holding has increased from 61.54k shares to 315.43k. Company insiders have collectively sold UK£500k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Sep 24
CEO & Executive Director recently sold UK£139k worth of stock On the 19th of September, Miles Adcock sold around 62k shares on-market at roughly UK£2.26 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Miles has been a net seller over the last 12 months, reducing personal holdings by UK£355k. Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£2.22, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 19x in the Tech industry in Europe. Total returns to shareholders of 166% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.30 per share. Reported Earnings • Sep 10
First half 2025 earnings released: EPS: UK£0.028 (vs UK£0.027 in 1H 2024) First half 2025 results: EPS: UK£0.028 (up from UK£0.027 in 1H 2024). Revenue: UK£21.1m (up 25% from 1H 2024). Net income: UK£2.40m (up 4.5% from 1H 2024). Profit margin: 11% (down from 14% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Tech industry in Europe. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Aug 21
Concurrent Technologies plc Announces Launch of Bragi in Partnership with EIZO Rugged Solutions Concurrent Technologies Plc announced the launch of Bragi, the first NVIDIA graphics card in its product line up. This product has been developed by Concurrent's partner EIZO Rugged Solutions, and will be marketed as "Concurrent powered by EIZO Rugged Solutions" for promotion to global defence and industrial markets. Like many of the Company's computer products, this GPGPU (General Purpose Graphics Unit) conforms to the 3U OpenVPX architecture and can be utilised in the same systems solutions as other products in Concurrent's modular high-performance portfolio. This GPGPU uses NVIDIA's very latest Blackwell architecture, and is built for applications requiring edge processing, with up to 1,824 AI TOPS (Trillion of Operations per Second), SOSA®? (Sensing Open Systems Architecture) alignment, and MIL-STD-810 (Military Standard) compliance. Tillkännagivande • Aug 13
Conurrent Technologies plc Launches Apollo Conc announced the launch of Apollo, a compact, rugged and powerful computer system, designed to deliver real-time processing in demanding conditions. Apollo has been built for environments where significant amounts of data need to be managed in small spaces whilst being rapidly deployable. The rugged computing system includes Time Sensitive Networking (TSN) capabilities, enabling it to support applications that require low latency and precise, predictable performance. This represents an example of computing 'at the edge', where powerful processing capabilities are deployed on platforms directly within the battle space. In this case, Apollo's compact size and comparatively light 3.6kg weight, enable it to be rapidly deployed in a wide range of platforms, including medium-size drones. Apollo draws on the capabilities of both of Concurrent's business units: The Products business supplies any one of a range of customisable Single Board Computers depending on the customer need; The Systems business unit designs and builds the single slot chassis, that holds the computer, meeting strict standards for mission-critical reliability, and provides the power, conduction cooling, and adaptable input/output configurations. Tillkännagivande • Jul 29
Concurrent Technologies Plc to Report First Half, 2025 Results on Sep 08, 2025 Concurrent Technologies Plc announced that they will report first half, 2025 results on Sep 08, 2025 Tillkännagivande • Jul 16
Concurrent Technologies plc Provides Earnings Guidance for the First Half 2025 Concurrent Technologies Plc provided earnings guidance for the first half 2025. The company announced that based on its unaudited management accounts for first half of fiscal year 2025, the Company expects to report record results for a first half, with revenue of approximately £21.3 million. Tillkännagivande • Jun 13
Concurrent Technologies plc Approves Final Dividend for Financial Year Ended December 31, 2024 ConConcurrent Technologies Plc announced that at its AGM held on 12 June 2025, the shareholders approved to declare a final dividend of 1.1 pence per Ordinary Share for the financial year ended 31 December 2024. Upcoming Dividend • Jun 12
Upcoming dividend of UK£0.011 per share Eligible shareholders must have bought the stock before 19 June 2025. Payment date: 04 July 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to UK£1.87, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 9x in the Tech industry in Europe. Total returns to shareholders of 109% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£1.91 per share. Declared Dividend • Apr 16
Dividend increased to UK£0.011 Dividend of UK£0.011 is 10.0% higher than last year. Ex-date: 19th June 2025 Payment date: 4th July 2025 Dividend yield will be 0.7%, which is lower than the industry average of 0.9%. Payout Ratios Payout ratio: 20%. Cash payout ratio: 26%. Reported Earnings • Apr 14
First half 2024 earnings released: EPS: UK£0.027 (vs UK£0.015 in 1H 2023) First half 2024 results: EPS: UK£0.027 (up from UK£0.015 in 1H 2023). Revenue: UK£16.8m (up 38% from 1H 2023). Net income: UK£2.30m (up 104% from 1H 2023). Profit margin: 14% (up from 9.3% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 4 years, compared to a 6.2% growth forecast for the Tech industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Apr 14
Concurrent Technologies Plc, Annual General Meeting, Jun 12, 2025 Concurrent Technologies Plc, Annual General Meeting, Jun 12, 2025. New Risk • Apr 14
New major risk - Revenue and earnings growth Earnings have declined by 4.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.5% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Tillkännagivande • Apr 14
Concurrent Technologies plc Proposes Final Dividend, Payable on July 4, 2025 The Board of Concurrent Technologies Plc will propose, at the Company's Annual General Meeting to be held on 12 June 2025, a final dividend of 1.1 pence per Ordinary Share in the Company (FY23 1.0p). Subject to the approval of shareholders, the final dividend will be paid on 4 July 2025 to shareholders on the register on 20 June 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to UK£1.42, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 9x in the Tech industry in Europe. Total returns to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£1.17 per share. Tillkännagivande • Apr 07
Concurrent Technologies Plc to Report Fiscal Year 2024 Final Results on Apr 14, 2025 Concurrent Technologies Plc announced that they will report fiscal year 2024 final results at 8:00 AM, GMT Standard Time on Apr 14, 2025 New Risk • Mar 21
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Tillkännagivande • Mar 03
Conurrent Technologies plc Launches Kratos Conc announced the launch of Kratos; a compute-intensive plug-in card delivering more than twice the computing power of any prior product from the Company. Kratos is also one of the most powerful rugged computing solutions available, delivering unmatched processing power, network efficiency, and cybersecurity for defence, aerospace, and industrial applications. Built on Intel's latest Xeon 6516P-B processor (formerly known as Granite Rapids-D HCC), which, as a key design partner in the industrial sector, Concurrent has had six months early access to, and officially launches, Kratos is among the first solutions of its kind available in a SOSAtm-aligned 3U VPX architecture. With up to 256Gb of Double Data Rate5 (DDR5) memory, and an on-board vRAN accelerator, Kratos sets a new standard for the processing power available in such a small form factor. To manage the heat generated by the powerful 145W unit, Kratos benefits from the Company's application of Air-Flow-Through (AFT) cooling technology. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to UK£1.63, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 11x in the Tech industry in Europe. Total returns to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£1.29 per share. Buy Or Sell Opportunity • Jan 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to UK£1.55. The fair value is estimated to be UK£1.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Tillkännagivande • Jan 16
Concurrent Technologies plc Provides Earnings Guidance for the Year Ended December 31, 2024 Concurrent Technologies Plc provided earnings guidance for the year ended December 31, 2024. The Company expects to report both revenues approximately 10% ahead of market expectations. As a result, fiscal year 2024 is set to be a record year, with revenue expected to be approximately 25% ahead of FY23. The increase in profit reflects the initial delivery of operational gearing as the business scales. This performance is achieved despite considerable investment in the Systems business in LA which was acquired in FY23 and was loss making in FY24, in line with expectations. New Risk • Jan 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Dec 04
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to UK£1.44. The fair value is estimated to be UK£1.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Tillkännagivande • Dec 04
Concurrent Technologies plc Announces the Launch of Hermod II Concurrent Technologies Plc announced the launch of Hermod II, a rugged 10 Gigabit Ethernet switch, purpose-built for deployment in harsh conditions in the defence and heavy industrial sectors. Developed to meet growing demand for future platforms to communicate using a next-generation Ethernet backbone, Hermod II has integrated support for Time-Sensitive Networking (TSN), enabling it to manage time-critical data. This means it acts as a central hub for the capture, delivery and analysis of in-field sensors and data. Increasingly customers are mandating TSN to significantly improve performance and reduce the costs and operational complexity of managing disparate networks. By addressing the need for performance over Ethernet, Hermod II acts as a vital gateway between legacy systems and TSN-enabled networks, replacing low speed proprietary products and interfaces. Hermod II is therefore strategically positioned to support initiatives to both upgrade in-field systems and design next-generation deployments, highlighting the ambitious product roadmap within the Systems business. Buy Or Sell Opportunity • Nov 13
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to UK£1.49. The fair value is estimated to be UK£1.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£1.40, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 12x in the Tech industry in Europe. Total returns to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£1.18 per share. Buy Or Sell Opportunity • Oct 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.7% to UK£1.12. The fair value is estimated to be UK£1.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Buy Or Sell Opportunity • Oct 09
Now 21% undervalued Over the last 90 days, the stock has risen 11% to UK£1.11. The fair value is estimated to be UK£1.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Tillkännagivande • Jul 29
Concurrent Technologies Plc Launches New Product Concurrent Technologies PLC announced a new compute intensive Plug In Card (PIC), TR MDx/6sd-RCR to meet growing customer demand. The PIC has enhanced features, including a wider operating temperature range, reduced weight, advanced networking capability, and secure on-board storage. These improvements position the product within the industry as a top choice for size, weight, cost, and power-constrained ground and airborne applications. With a significant pipeline of preorders, including the Company's recently announced largest ever contract win, achieved through close relationships with strategic partners, the Company anticipates shipping fully qualified products within the year to meet growing customer demand. Tillkännagivande • Jul 25
Concurrent Technologies Plc to Report First Half, 2024 Results on Sep 02, 2024 Concurrent Technologies Plc announced that they will report first half, 2024 results on Sep 02, 2024 Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£1.16, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 11x in the Tech industry in Europe. Total returns to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£0.96 per share. Tillkännagivande • Jul 15
Concurrent Technologies plc Provides Earnings Guidance for the First Half of 2024 Concurrent Technologies Plc announced that based on its unaudited management accounts for First Half of FY24, the Company expects to report record results for a first half, with revenue of approximately £16.8 million (H1 FY23: £12.1 million). Buy Or Sell Opportunity • Jul 01
Now 8.0% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to UK£1.04. The fair value is estimated to be UK£0.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Tillkännagivande • Jun 21
Concurrent Technologies plc Approves Final Dividend, Payable On or Around 12 July 2024 Concurrent Technologies Plc at its Annual General Meeting (AGM) held on June 20, 2024, approved the final dividend of 1 pence per ordinary share. The ex-dividend date for this payment is 27 June 2024, the record date is 28 June 2024, and the expected payment date is on or around 12 July 2024. Upcoming Dividend • Jun 20
Upcoming dividend of UK£0.01 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 12 July 2024. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (1.4%). Buy Or Sell Opportunity • Jun 19
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to UK£1.02. The fair value is estimated to be UK£0.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Tillkännagivande • May 30
Concurrent Technologies Launches Magni, A Sosa (Open-Standard) Aligned, High-Performance Plug in Card Based on an Intel Processor Concurrent Technologies announced the launch of Magni, a SOSA (open-standard) aligned, high-performance Plug In Card based on an Intel processor. The Company will market Magni as a Plug In Card to system integrators and use it as the basis for its own system level products. Magni is a highly rugged card and incorporates on-board graphics processing capabilities offered by Intel. For some customers this will enable them to avoid the need for a dedicated GPGPU (General Purpose Graphics Processor Unit) card that would occupy an additional slot in the overall system. This in turn helps systems to be smaller and more efficient. Additionally, this product has an expansion interface on the board itself, to which a host of accelerator, storage or custom processing cards can be directly attached. This allows for a wide range of customer specific configurations, providing flexibility for systems integration. Typical applications include high performance mission control, encryption processing and secure storage. Tillkännagivande • May 03
Concurrent Technologies Plc Proposes Final Dividend , Payable on 12 July 2024 Concurrent Technologies Plc announced that The Board will propose, at the Annual General Meeting to be held on 20 June 2024, a final dividend of 1 pence per Ordinary Share in the Company. Subject to the approval of shareholders, the final dividend will be paid on 12 July 2024 to shareholders on the register on 28 June 2024. Price Target Changed • May 03
Price target increased by 29% to UK£1.33 Up from UK£1.03, the current price target is an average from 2 analysts. New target price is 30% above last closing price of UK£1.02. Stock is up 47% over the past year. The company is forecast to post earnings per share of UK£0.049 for next year compared to UK£0.05 last year. Reported Earnings • May 02
Full year 2023 earnings released: EPS: UK£0.05 (vs UK£0.013 in FY 2022) Full year 2023 results: EPS: UK£0.05 (up from UK£0.013 in FY 2022). Revenue: UK£31.7m (up 73% from FY 2022). Net income: UK£3.87m (up 292% from FY 2022). Profit margin: 12% (up from 5.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Tech industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Tillkännagivande • May 01
Concurrent Technologies Plc, Annual General Meeting, Jun 20, 2024 Concurrent Technologies Plc, Annual General Meeting, Jun 20, 2024. Agenda: To consider a final dividend of 1 pence per Ordinary Share in the Company. Tillkännagivande • Apr 24
Concurrent Technologies Plc to Report Fiscal Year 2023 Results on May 01, 2024 Concurrent Technologies Plc announced that they will report fiscal year 2023 results on May 01, 2024 Tillkännagivande • Apr 09
Conurrent Technologies plc Launches New VME Board Conc announced the launch of Rhea, a further addition to its VME range of embedded processor boards. Coincident with the launch of Intel's latest Atom processor, the Company has released the Rhea VME single board computer to harness this very latest technology for customers looking for a simple, cost-effective upgrade. VME is a standard that has existed for many years and has been widely deployed in a range of industrial, research, semiconductor process control, transport, medical and defense applications worldwide. Whilst no longer the cutting edge of technology, VME continues to be a widely installed architecture, particularly in the defense market and many organizations have designed their platforms around this standard. Being able to upgrade their computing capability while remaining within the VME environment is crucial to time and cost efficiency. Customers are able to remove their existing boards and plug a new one into the exact same slot. By continuing to support the VME standard, the Company is responding to the needs of its customers, and extending the revenue generating lifecycle of a VME product family in which Concurrent has invested for more than 20 years. Rhea offers a wide range of input and output interfaces which are needed for its target applications. It also enables customers to benefit from the very latest security features: presenting a valuable upgrade path for them at a time when up to date VME computer boards are increasingly difficult to source from major vendors. New Risk • Apr 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (36% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Profit margins are more than 30% lower than last year (6.8% net profit margin). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (UK£73.6m market cap, or US$93.1m). Tillkännagivande • Feb 05
Concurrent Technologies Plc Appoints Isabel Urquhart as Independent Non-Executive Director Concurrent Technologies Plc announced the appointment of Isabel ("Issy") Urquhart as an independent Non-Executive Director to the Company with immediate effect. Issy is an experienced commercial human resources (HR) director with over 30 years' experience working with global technology and financial services businesses in both the public and private sectors. Issy is currently Chief People Officer and Director at AIM-listed SaaS business Craneware plc. Previous roles include HR Director for EMEA at CommScope, Vice President (VP) of HR at Wolfson Microelectronics plc and VP of HR for EMEA, LATAM and APAC at Convergys. Across all roles, Issy has been responsible for implementing successful people programs and leading extensive business change and culture initiatives. She brings specialist experience in M&A and delivering effective global, collaborative working. Tillkännagivande • Nov 29
Concurrent Technologies plc Provides Earnings Guidance for the Fourth Quarter, Second Half and Full Year of Fiscal Year Ending 31 December 2023 and Revenue Guidance for the Fiscal Year Ending 31 December 2024 Concurrent Technologies Plc provided earnings guidance for the fourth quarter, second half and full year of fiscal year ending 31 December 2023 and revenue guidance for the fiscal year ending 31 December 2024. The board now expecting to deliver revenue for fiscal 2023 ahead of market expectations, prior to the contribution of Phillips Aerospace which was acquired in September 2023. The board announced that profit contribution has strengthened quarter-on-quarter throughout fiscal year 2023, and it is anticipated that fourth quarter 2023 will be the strongest quarter in an already record-breaking year.Revenue for the six months to 31 December 2023 (second half 2023) is expected to be substantially higher than any prior half-year in the company's history, driven by the strength of order intake over the preceding 24 months enabled by the significant investment in product development undertaken to facilitate new customers and design wins. Accordingly, the profit of the company as a whole in fiscal year 2023 is expected to be in line with current market expectations.The board confidence in the delivery of material revenue growth in the year ending 31 December 2024 (fiscal year 2024) and beyond. Major Estimate Revision • Nov 28
Consensus EPS estimates fall by 16%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from UK£27.0m to UK£28.3m. EPS estimate fell from UK£0.044 to UK£0.037 per share. Net income forecast to grow 124% next year vs 74% growth forecast for Tech industry in the United Kingdom. Consensus price target of UK£1.03 unchanged from last update. Share price rose 3.5% to UK£0.74 over the past week. Tillkännagivande • Nov 09
Concurrent Technologies plc Launches High Performance Plug In Card Concurrent Technologies has launched its highest performance Plug In Card (PIC) to date. Concurrent Technologies has launched a new variant of its PIC with enhanced operational performance unlocked using an emerging cooling technology. Previously, the PIC was cooled via conduction, while the new variant uses air flowing through a heat exchanger built into the product. This heat exchanger has been optimised using thermal simulations and verified through extensive testing to ensure it operates at peak performance under harsh environmental conditions. The benefit for customers is that they can extract more performance from the same physical card. Tillkännagivande • Sep 28
Concurrent Technologies Launches Ruggedised Plug-In-Card Concurrent Technologies announced the launch of a new product, the ruggedised plug-in-card, Buddon. This postcard sized rugged board provides a technology upgrade for those customers who have deployed systems based on 3U CompactPCI. In particular, Buddon incorporates the latest technology to enable customers to meet more stringent security and processing needs. Buddon has been designed to be backwards compatible with previous generations of CompactPCI cards, making it easier for system integrators to extend the life of their equipment with minimal risk and disruption. Based on a recent 11th Generation Intel Core Processor, Buddon provides equivalent performance at a lower power consumption compared to previous products making it the ideal choice to ensure reliable field operation in a wide variety of system configurations. Reported Earnings • Sep 19
First half 2023 earnings released: EPS: UK£0.015 (vs UK£0.007 in 1H 2022) First half 2023 results: EPS: UK£0.015 (up from UK£0.007 in 1H 2022). Revenue: UK£12.1m (up 64% from 1H 2022). Net income: UK£1.13m (up 105% from 1H 2022). Profit margin: 9.3% (up from 7.4% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Tech industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. New Risk • Sep 19
New major risk - Revenue and earnings growth Earnings have declined by 9.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 9.5% per year over the past 5 years. High level of non-cash earnings (48% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (5.4% net profit margin). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (UK£64.7m market cap, or US$80.1m). New Risk • Sep 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 14% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (48% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (5.4% net profit margin). Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (UK£59.1m market cap, or US$74.4m). Tillkännagivande • Aug 09
Concurrent Technologies plc Delivers New Vpx Plug-In Card Variant Concurrent Technologies Plc announced that it has engineered and now shipped, a new version of a 3U VPX Plug-In Card. The original TR K9x/6sd card has been successfully used in visual computing applications including a previously announced £1.6 million contract that contributed to the Company's record 2022 order intake of £31.5 million. The new variant, which has twice the memory capacity, extends the use case to Cyber and Radio applications, significantly increasing the estimated full lifetime value of the product. Tillkännagivande • Aug 02
Conurrent Technologies Launches A New Switch Plug-In-Card Concurrent Technologies announced the launch of Iris, a Dual Enclave Switch Card. The Company will market Iris as a Plug-In-Card (PIC) to other system integrators and use it as the basis for its own system level products. Iris acts as the system keystone to provide secure, high bandwidth switch connections between each PIC, critical in ensuring they work together in the most effective way possible. Typical applications include force protection, situational awareness, command and control, and mission computing. Iris is designed and manufactured by an undisclosed partner company specialising in electromagnetic spectrum solutions primarily targeted to the US Department of Defense. Concurrent Technologies has signed a multi-year reseller agreement with extension options that will enable the Company to sell and support Iris globally through its existing sales channels. Initial orders for development quantities of Iris will be fulfilled this year with deployment volumes starting in 2024. Major Estimate Revision • Jul 19
Consensus EPS estimates increase by 29% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from UK£25.0m to UK£27.0m. EPS estimate increased from UK£0.036 to UK£0.047 per share. Net income forecast to grow 255% next year vs 65% growth forecast for Tech industry in the United Kingdom. Consensus price target down from UK£1.14 to UK£1.00. Share price rose 32% to UK£0.74 over the past week. New Risk • Jul 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (48% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (5.4% net profit margin). Market cap is less than US$100m (UK£51.4m market cap, or US$67.0m). Tillkännagivande • Jul 18
Concurrent Technologies Plc to Report First Half, 2023 Results on Sep 19, 2023 Concurrent Technologies Plc announced that they will report first half, 2023 results on Sep 19, 2023 New Risk • Jul 02
New major risk - Revenue and earnings growth Earnings have declined by 9.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 9.5% per year over the past 5 years. High level of non-cash earnings (46% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (5.4% net profit margin). Market cap is less than US$100m (UK£43.3m market cap, or US$55.0m). Reported Earnings • Jul 01
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: UK£0.014 (down from UK£0.039 in FY 2021). Revenue: UK£18.3m (down 11% from FY 2021). Net income: UK£987.0k (down 65% from FY 2021). Profit margin: 5.4% (down from 14% in FY 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Tech industry in Europe. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jun 30
Concurrent Technologies Plc, Annual General Meeting, Aug 24, 2023 Concurrent Technologies Plc, Annual General Meeting, Aug 24, 2023, at 13:00 Coordinated Universal Time. Location: Company's offices at Building 1230 (Second Floor), Waterside Drive, Arlington Business Park, Theale Berkshire, RG7 4SA Berkshire United Kingdom Tillkännagivande • Jun 05
Concurrent Technologies Plc to Report Fiscal Year 2022 Results on Jun 21, 2023 Concurrent Technologies Plc announced that they will report fiscal year 2022 results on Jun 21, 2023 Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Chairman Mark Cubitt is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Director Nat Edington was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Sep 26
First half 2022 earnings released: EPS: UK£0.008 (vs UK£0.021 in 1H 2021) First half 2022 results: EPS: UK£0.008 (down from UK£0.021 in 1H 2021). Revenue: UK£7.42m (down 20% from 1H 2021). Net income: UK£551.3k (down 64% from 1H 2021). Profit margin: 7.4% (down from 17% in 1H 2021). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Tech industry in Europe. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 30
Upcoming dividend of UK£0.014 per share Eligible shareholders must have bought the stock before 07 July 2022. Payment date: 21 July 2022. Payout ratio is a comfortable 66% and the cash payout ratio is 87%. Trailing yield: 3.5%. Lower than top quartile of British dividend payers (5.2%). Higher than average of industry peers (1.9%). 