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An announcement from CyanConnode Holdings ( (GB:CYAN) ) is now available.
CyanConnode Holdings reported a 24% decline in revenue for the fiscal year ending March 2025, attributed to election-related uncertainties and consumer resistance in India, its largest market. Despite these challenges, the company tripled its order book to £180 million and secured a significant £70 million contract with the Government of Goa, indicating strong demand for its technology. The company plans to provide quarterly updates to enhance transparency and has adopted a conservative approach to forecasting. Financially, the company saw a decrease in operating loss and an increase in gross margin due to cost-effective product releases. CyanConnode also expanded its operations by establishing a subsidiary in the UAE and successfully bidding for smart metering contracts in India.
Spark’s Take on GB:CYAN Stock
According to Spark, TipRanks’ AI Analyst, GB:CYAN is a Neutral.
CyanConnode Holdings shows potential due to its significant revenue growth and strategic expansions in the Indian market, notably through recent major contracts. However, persistent financial challenges, including negative profitability and cash flow issues, weigh heavily on the overall score. Technical indicators suggest a possible rebound, while valuation remains a concern due to ongoing losses.
To see Spark’s full report on GB:CYAN stock, click here.
More about CyanConnode Holdings
CyanConnode Holdings plc is a global provider specializing in narrowband RF smart mesh networks, primarily for smart metering and IoT applications. The company focuses on the smart metering market, with significant operations in India, and has expanded its presence to the Middle East and North Africa region.
Average Trading Volume: 461,651
Technical Sentiment Signal: Sell
Current Market Cap: £28.39M
Learn more about CYAN stock on TipRanks’ Stock Analysis page.