CyanConnode Reports Strong Order Growth Amid Shipment Delays

CyanConnode Holdings ( (GB:CYAN) ) just unveiled an announcement.

CyanConnode Holdings reported a significant increase in its order book to approximately £180 million, driven by strong demand for its smart metering solutions. Despite delays in expected shipments due to Indian elections and consumer resistance, the company secured its largest contract and an AMISP engagement worth £70 million. The Indian government’s expanded smart meter deployment target presents substantial opportunities for CyanConnode. However, the company anticipates an EBITDA loss for FY25 due to shipment delays, but remains optimistic about future growth, evidenced by increased shipments in April 2025.

Spark’s Take on GB:CYAN Stock

According to Spark, TipRanks’ AI Analyst, GB:CYAN is a Neutral.

CyanConnode Holdings shows potential with strategic expansions and contract wins, notably in the Indian market. However, the overall stock score is constrained by persistent financial challenges, including negative profitability and cash flow issues. While technical indicators suggest a possible recovery from oversold conditions, the valuation remains unattractive due to ongoing losses. The company’s recent contract wins improve its growth outlook, but significant financial improvements are necessary to enhance its stock score.

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 IoT communication and smart metering solutions, focusing on enhancing smart infrastructure through advanced metering technologies.

YTD Price Performance: 12.85%

Average Trading Volume: 774,154

Technical Sentiment Signal: Buy

Current Market Cap: £35.29M

Find detailed analytics on CYAN stock on TipRanks’ Stock Analysis page.