CyanConnode Holdings (CYAN) AI Stock Analysis

• Market Cap: £21.84M
• Dividend Yield: N/A
• Average Volume (3M): 291.66K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.39
• Revenue Growth: -24.31%
• EPS Growth: 14.89%
• Country: UK
• Employees: 120
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): N/A
• Shares Outstanding: 358,891,020
• 10 Day Avg. Volume: 198,528
• 30 Day Avg. Volume: 291,657
• PEG Ratio: 0.65
• Price to Book (P/B): 2.80
• Price to Sales (P/S): 2.98
• P/FCF Ratio: -6.41
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: 7.50p ▼(-9.09% Downside)

CyanConnode Holdings' overall stock score is primarily impacted by its weak financial performance, characterized by declining revenue growth and negative profit margins. While technical analysis shows some short-term bullish momentum, the stock's valuation remains unattractive due to a negative P/E ratio and lack of dividend yield. The absence of earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Recurring Revenue Streams

The company's recurring revenue model through software licensing and services provides a stable income base, enhancing financial predictability and long-term sustainability.

Asset Growth Potential

Asset growth indicates the company's potential to expand operations and invest in new opportunities, which can drive future revenue and market position.

IoT and Smart Metering Focus

Focusing on IoT and smart metering positions the company in a growing industry, leveraging technology trends to improve utility sector efficiency and data management.

Negative Factors

Declining Revenue Growth

Declining revenue growth reflects challenges in market expansion and sales execution, which may impact the company's ability to scale and compete effectively.

Negative Profit Margins

Sustained negative profit margins indicate difficulties in cost management and pricing power, potentially affecting long-term financial health and investor confidence.

Reliance on Debt Financing

Increased reliance on debt financing can strain financial flexibility and increase risk, potentially limiting the company's ability to invest in growth initiatives.

CyanConnode Holdings Business Overview & Revenue Model

Company Description

CyanConnode Holdings (CYAN) is a leading provider of narrowband radio frequency communications technology, specializing in the Internet of Things (IoT) and smart metering solutions. The company focuses on enabling utilities and municipalities to enhance their operations through advanced communication networks, facilitating improved data collection and management. Its core products include smart metering systems, communication modules, and data analytics platforms designed to promote energy efficiency and support smart grid initiatives.

How the Company Makes Money

CyanConnode generates revenue primarily through the sale of its communication technology and smart metering systems to utility companies and municipalities. The company operates a business model that includes both direct sales and long-term contracts for its products and services, which provide a stable revenue stream. Additionally, CyanConnode earns income from service agreements and ongoing support for its deployed solutions. Key partnerships with utility providers and technology integrators enhance its market presence and contribute to its earnings by expanding its customer base and enabling joint project opportunities. The growing demand for smart grid technologies and IoT solutions also plays a significant role in driving the company's revenue growth.

CyanConnode Holdings Financial Statement Overview

Summary

CyanConnode Holdings faces significant challenges in achieving profitability and positive cash flow. The company has seen a decline in revenue growth and continues to report negative profit margins. While there is potential for growth indicated by asset increases, the reliance on debt financing and negative returns on equity pose risks. The company needs to focus on improving operational efficiency and profitability to enhance its financial health.

Income Statement

CyanConnode Holdings has experienced a decline in revenue growth, with a negative growth rate of -23.71% in the most recent year. The gross profit margin has decreased from previous years, indicating pressure on profitability. The company continues to report negative net profit margins, reflecting ongoing challenges in achieving profitability. Despite these challenges, the company has maintained a relatively stable gross profit margin over the years.

Balance Sheet

The company's debt-to-equity ratio increased significantly, indicating a higher reliance on debt financing. The return on equity remains negative, suggesting inefficiencies in generating returns for shareholders. However, the equity ratio is relatively stable, indicating a balanced capital structure. The increase in total assets over the years shows potential for future growth.

Cash Flow

CyanConnode Holdings has shown improvement in free cash flow growth, but operating cash flow remains negative, indicating challenges in generating cash from operations. The free cash flow to net income ratio is positive, suggesting that the company is managing its cash flow better than its net income might suggest. However, the negative operating cash flow to net income ratio highlights ongoing operational cash challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	14.18M	14.18M	18.73M	11.73M	9.56M	6.44M
Gross Profit	4.54M	4.94M	5.61M	4.21M	5.01M	3.10M
EBITDA	-3.23M	-3.23M	-3.71M	-2.82M	-398.00K	-2.04M
Net Income	-3.83M	-3.83M	-3.83M	-2.41M	-871.00K	-2.06M
Balance Sheet
Total Assets	33.19M	33.19M	23.12M	20.45M	16.79M	14.01M
Cash, Cash Equivalents and Short-Term Investments	5.83M	5.83M	783.00K	4.07M	2.35M	1.49M
Total Debt	7.09M	7.09M	474.00K	1.35M	2.02M	2.22M
Total Liabilities	18.10M	18.10M	9.69M	5.68M	5.36M	7.00M
Stockholders Equity	15.09M	15.09M	13.43M	14.77M	11.43M	7.01M
Cash Flow
Free Cash Flow	-5.73M	-6.59M	-4.47M	-2.98M	-3.42M	-1.14M
Operating Cash Flow	-5.61M	-5.54M	-2.86M	-2.22M	-3.13M	-988.00K
Investing Cash Flow	-1.03M	-1.02M	-1.60M	-766.00K	-296.00K	-90.00K
Financing Cash Flow	7.82M	7.74M	1.23M	4.69M	4.28M	1.40M

CyanConnode Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.25
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CYAN, the sentiment is Positive. The current price of 8.25 is above the 20-day moving average (MA) of 6.51, above the 50-day MA of 6.62, and below the 200-day MA of 8.72, indicating a neutral trend. The MACD of 0.33 indicates Negative momentum. The RSI at 86.72 is Negative, neither overbought nor oversold. The STOCH value of 77.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:CYAN.

CyanConnode Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FTC	73 Outperform	£283.49M	20.09	55.98%	―	121.45%	345.83%
MWE	71 Outperform	£41.37M	11.57	17.41%	3.87%	1.08%	10.37%
NXQ	66 Neutral	£53.04M	-23.54	-3.85%	4.18%	-27.57%	-130.10%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
CYAN	48 Neutral	£21.84M	-5.21	-26.82%	―	-24.31%	14.89%
IOM	44 Neutral	£28.13M	-0.51	-67.57%	19.46%	25.44%	-1877.56%
GST	41 Neutral	£19.76M	-10.63	-29.86%	―	88.59%	-60.00%

CyanConnode Holdings Corporate Events

CyanConnode Secures $5.25M Loan to Boost Smart Metering Bids in India

CyanConnode Holdings has secured a US$5.25 million unsecured convertible loan note from Smart Sustainability Solutions Limited, a subsidiary of an Abu Dhabi-based investment group. This funding will be used to support CyanConnode’s Indian subsidiary, DigiSmart, in securing Earnest Money Deposits for AMISP tenders under India’s Revamped Distribution Sector Scheme. This move is a strategic step to secure substantial contracts and demonstrates the confidence of partners in CyanConnode’s technology and growth strategy.

The most recent analyst rating on (GB:CYAN) stock is a Hold with a £6.00 price target. To see the full list of analyst forecasts on CyanConnode Holdings stock, see the GB:CYAN Stock Forecast page.

CyanConnode Reports Strong H1 FY2026 with Major Contract Win in Goa

CyanConnode Holdings announced a successful trading update for the first half of FY2026, highlighted by a significant contract win in Goa, India, worth approximately £70 million. Despite currency translation effects, the company’s revenue increased by 31% to £7.4 million, driven by smart metering projects in India and other regions. The company shipped 893,000 Omnimesh Modules in India during this period, reflecting strong operational momentum. With a robust order book of £157 million and the upcoming commencement of the Goa AMISP project, CyanConnode is well-positioned for sustained growth and market expansion. The company’s strategic focus on the Indian market, with a substantial pipeline of opportunities, supports its positive outlook for continued revenue growth.

The most recent analyst rating on (GB:CYAN) stock is a Hold with a £8.00 price target. To see the full list of analyst forecasts on CyanConnode Holdings stock, see the GB:CYAN Stock Forecast page.