Source - Alliance News

The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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Intercede Group PLC, up 11% at 67.2 pence, 12-month range 38p-80p. The cybersecurity software firm expects revenue in the financial year ending March 31 to be between 5% and 8% ahead of market forecasts, with the firm citing market consensus of £11.3 million. As a result, Intercede now expects adjusted earnings before interest, tax, depreciation and amortisation to be ‘materially ahead’ of forecasts of £600,000. In financial 2022, the firm brought in revenue of £9.9 million, producing operating profit of £390,000. ‘The pipeline of new business continues to grow, and the group has several further contract opportunities that could close before the fiscal year end,’ Intercede says.

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Getech Group PLC, up 14% at 15.64p, 12-month range 12.05p-33.4p. The geo-energy and green hydrogen company says 2022 revenue is expected ahead of market expectations at £5.0 million, compared to £4.3 million in 2021. ‘Getech starts 2023 with a strong balance sheet, sales pipeline growth, plus good customer and partner momentum,’ the firm say. Also confirms board has ‘no current plans’ for a capital raise from shareholders.

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AIM - LOSERS

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Audioboom Group PLC, down 3.1% at 410.0p, 12-month range 382.0p-2,278.0p. The podcast provider says performance in 2022 was ‘restricted’ by wider global economic headwinds which hit the wider advertising market, despite the period being ‘on paper..very successful’. Annual revenue rises 25% to $75.5 million from $60.3 million the year before, and annual adjusted Ebitda rises to a record $3.6 million, up 16% from $3.1 million. ‘The challenging economic conditions in which Audioboom operated during 2022 prevented even stronger financial growth in line with our initial expectations...I am confident that the business...fully primed for further growth as the advertising market improves across 2023,’ says Chair Michael Tobin.

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