CML Microsystems (GB:CML) has released an update.
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CML Microsystems Plc, a developer of semiconductors for the communications market, has reported an 11% revenue increase to £22.89m but faced a decline in profits year-on-year due to macro headwinds and customer inventory issues. The company’s recent acquisition of MwT has already yielded positive results, outperforming expectations and broadening their market reach into Defense & Aerospace, among others. Despite the mixed market environment, CML’s strong balance sheet and customer relationships have positioned it to continue investing for medium to long-term gains.
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