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Results: CML

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CML Microsystems – growing product portfolio & sales coverage driving ‘sales opportunity pipeline’ “significantly higher”, BUT…

Semiconductors company CML Microsystems (CML) has updated commencing; “The company expects to report revenue for the full year of circa £28 million. This represents a decrease of 11% against the prior full year period which is marginally better than reported in the trading update announced on 1 February 2019. Unaudited full year figures show a profit before tax of close to £3m. The group retains a robust balance sheet with a net cash position of £12.8 million at 31 March 2019”. The shares currently remain below 300p, comparing to 440p as recently as January…

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