Top Page
CyanConnode Holdings
(LSE:CYAN)
CyanConnode Holdings (CYAN) vs. iShares MSCI United Kingdom ETF (EWC)
CyanConnode Holdings Business Overview & Revenue Model
CyanConnode Holdings Financial Statement Overview
| 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
CyanConnode Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | £301.23M | 21.42 | 55.98% | ― | 121.45% | 345.83% | |
71 Outperform | £39.65M | 11.44 | 15.34% | 4.29% | 0.12% | 9.24% | |
66 Neutral | £26.50M | 9.41 | -58.97% | 18.30% | 12.92% | -948.18% | |
65 Neutral | £44.91M | 202.70 | 0.50% | 3.66% | -26.16% | -99.62% | |
62 Neutral | £509.45M | 28.26 | 0.75% | 2.81% | 3.33% | -21.49% | |
52 Neutral | £27.08M | ― | -26.82% | ― | -24.31% | 14.89% | |
44 Neutral | £18.02M | ― | -9.27% | ― | ― | ― |
CyanConnode Holdings Corporate Events
CyanConnode Holdings has secured a follow-on order valued at over AED 5.8 million for cellular gateways in the MENA region, as part of a multi-year deployment. This contract, which builds on previous agreements from 2022 and 2024, will enhance revenue visibility and support the company’s global growth strategy by strengthening its strategic partnership in the region.
CyanConnode Holdings plc has released its Annual Report & Accounts and Notice of Annual General Meeting (AGM) to shareholders, emphasizing transparency and engagement with its stakeholders. The AGM is scheduled for 21 August 2025, and shareholders are encouraged to participate by proxy voting or attending in person, highlighting the company’s commitment to shareholder involvement and corporate governance.
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.
CyanConnode Holdings PLC has announced a change in the voting rights held by Herald Investment Management Limited, which now owns 4.77% of the company’s voting rights, down from a previous 5.05%. This adjustment in shareholding could potentially influence the company’s strategic decisions and investor relations, as it reflects changes in stakeholder engagement and investment strategies.
CyanConnode Holdings announced that its flagship smart metering project in Goa is now fully funded through an innovative external funding structure, allowing the company to preserve its balance sheet and maintain strategic control. Additionally, the company secured a US$7.5 million unsecured convertible loan note to support its working capital and business development, reflecting strong strategic relationships and positioning CyanConnode to pursue further opportunities in India’s national smart metering program.
CyanConnode Holdings PLC has formalized a significant contract with the Government of Goa’s Electricity Department to deploy approximately 750,000 smart meters, valued at around £70 million. This development involves the creation of a Special Purpose Vehicle, GreenMeter Goa Private Limited, to facilitate the project, marking a strategic advancement in CyanConnode’s operations and reinforcing its position in the smart metering industry.
CyanConnode Holdings has secured a US$7.5 million unsecured convertible loan note from Smart Sustainability Solutions Limited, a subsidiary of an Abu Dhabi-based investment company. This funding will support the company’s working capital, capital expenditure, and repayment of a short-term loan. The loan agreement is expected to enhance CyanConnode’s ability to capitalize on opportunities in the Indian smart metering market and expand into other high-growth markets. DigiSmart, the company’s Indian subsidiary, is well-positioned to benefit from India’s Revamped Distribution Sector Scheme, targeting a substantial portion of the 110.4 million smart meters yet to be awarded.
CyanConnode Holdings PLC has received a formal Letter of Award from the Government of Goa’s Electricity Department for a contract valued at approximately £70 million. This contract involves the deployment of around 750,000 smart meters through its Indian subsidiary, DigiSmart Networks Pvt. Ltd. This award marks a significant step in CyanConnode’s expansion in the Indian market, potentially enhancing its industry position and offering substantial growth opportunities.