CyanConnode reiterates upbeat outlook as H1 losses expected to narrow
StockMarketWire.com - CyanConnode reiterated Thursday that it expected revenue would be substantially larger in the second half of the year compared to the first half.
For the first half of the year, the company said it expects revenues of £1.6m, up 37% from the entire FY 2017, led by strong performance in India.
The operating loss before tax for the first half of the year is expected to be in the region of £3.3m, a significant improvement over the loss before tax of £11.15m for FY 2017.
The Company ended the half year with £2.8m of net cash.
The company reiterated that H2 2018 revenue would will be substantially larger than H1 2018 based partly 'on contracts already won and already in the delivery phase and partly on new orders expected for hardware to be delivered.'
At 10:10am: (LON:CYAN) CyanConnode PLC share price was +0.25p at 10.25p
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