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Concurrent Technologies ( (GB:CNC) ) has issued an update.
Concurrent Technologies Plc reported a record financial performance for the year ended December 31, 2024, with a 27% increase in revenue to £40.3 million and a 40% rise in profit before tax to £5.2 million. The company has made significant investments in its Systems business and secured major design wins, including its largest-ever contract with a US Defence & Aerospace contractor. Concurrent has also launched several new products and secured key partnerships to strengthen its position in the defence sector. The company is focused on long-term growth, with plans to expand its manufacturing capacity and explore bolt-on acquisitions.
More about Concurrent Technologies
Concurrent Technologies Plc develops and manufactures high-end embedded plug-in cards and systems for use in a wide range of high-performance, long-life cycle applications within the telecommunications, defence, security, telemetry, scientific, and aerospace markets, including applications within extremely harsh environments. The processor products feature Intel processors and are designed to be compliant with industry specifications, supporting many of today’s leading embedded operating systems. The products are sold worldwide.
YTD Price Performance: 9.09%
Average Trading Volume: 450,141
Technical Sentiment Signal: Strong Sell
Current Market Cap: £128.7M
Find detailed analytics on CNC stock on TipRanks’ Stock Analysis page.