Describing itself as “a world leader in narrowband radio frequency mesh networks”, CyanConnode (CYAN) has issued a trading update and notice of results. So what do these tell us re. a last closing 13.25p share price, £31.9 million market cap?
Describing itself as “a world leader in Narrowband Radio Frequency Smart Mesh Networks”, CyanConnode (CYAN) has announced it has raised £0.5 million via a share subscription at 12.25p per share – stating “considering these uncertain times, your board felt it prudent to accept the offer, the proceeds of which will be used to bolster working capital”.
Yesterday CyanConnode (CYAN) emphasised a “largest-ever order” but I noted ramptastic over financial detail again. So what of now results for its year ended 31st March 2022?
Describing itself as “a world leader in Narrowband Radio Frequency Smart Mesh Networks, which are used for machine to machine communication”, CyanConnode (CYAN) has announced a largest-ever order of one million Omnimesh Modules, together with infrastructure, hardware, software, licencing and support. So what of the shares currently responding to 18.5p, more than 25% higher?
Describing itself as “a world leader in Narrowband Radio Frequency Smart Mesh Networks”, CyanConnode (CYAN) states it “is pleased to provide a trading update for the financial year ended 31 March 2022”. What of the shares currently responding more than 10% higher to 13p?
A “New contract, fundraising and Indian developments”-titled announcement from CyanConnode (CYAN) has currently helped the shares up nearly 15% today to 19.25p. So material news?
Describing itself as “a world leader in narrowband radio frequency smart mesh networks”, CyanConnode (CYAN) has announced new funding which it states “allow us to maintain momentum and win some of the large opportunities being presented to us” – and the shares have currently responded up to 16.5p. This though follows I previously questioning “solid progress” or continuing cash burn? (And what about the borrowings?!) with the shares falling below 21p in January. So what now?...
CyanConnode (CYAN), which describes itself as “a world leader in Narrowband Radio Frequency Smart Mesh Networks”, states that it “is pleased to provide a trading update for the nine-month period ended 31 December 2021”. What then is it which sees the shares currently 3.5% lower below 21p?...