Source - Alliance News

The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:


Somero Enterprises Inc - Fort Myers, Florida-based laser-guided machinery concrete levelling specialist - Expects 2022 revenue of $134.0 million, surpassing 2021’s $133.3 million. However, revenue is down from $138.8 million guidance. This is due to ‘supply chain shortages in our North America market on our customers’ pace of work’. ‘The board is pleased with the strong finish to 2022 and looks forward to 2023 with confidence based on the strength of the US market, direct feedback from our customer base on activity, and the growth opportunity in Europe and Australia and from new products. To capture this opportunity, the company remains committed to adding product development, sales, and support resources; a necessary near-term investment and cost with longer-term benefit,’ Somero says.


SigmaRoc PLC - London-based quarried materials company - Says revenue grows 19% on organic like-for-like basis to £525 million in 2022. On reported basis, revenue improves 93% from £272.0 million. Expects underlying earnings before interest, tax, depreciation and amortisation to top £100 million, more than doubling from £49.3 million. Company adds: ‘Trading in the early weeks of FY23 has been encouraging, with more favourable energy cost and availability conditions supporting better than expected demand in a number of the group’s European industrial products segments. The group has continued to take a dynamic position on pricing through inflationary cost increases, as well as identifying opportunities to improve efficiency across its network. As such, the board remains confident in the group’s ability to achieve further progress in 2023.’


Mycelx Technologies Corp - clean water and clean air technology company - Beats guidance as achieves 2022 revenue of $10.0 million, up from $8.5 million in 2021. ‘Mycelx has made an encouraging start to 2023, having secured a purchase order for a six-month paid trial for a PFAS remediation system for treatment of landfill leachate, a potentially large market segment for the company’s PFAS remediation offering. Subject to current market conditions continuing, the company expects to meet current guidance for 2023,’ company adds. PFAS is a waste water removal system.


Ricardo PLC - West Sussex, England-based environmental and engineering consulting - Says trading in six months to December 31 in line with board expectations. Hails ‘good revenue and underlying profit growth’. Annual outlook unchanged. Says order intake during six-month period was 425 higher on-year at £290 million.


accesso Technology Group PLC - Berkshire, England-based provider of software for leisure, entertainment and cultural sectors - Expects 2022 revenue of ‘not less’ than $139 million, beating initial forecast. Revenue in 2021 amounted to $134.8 million, so company expects rise of around 11%. ‘The group’s expected full year performance underscores the increased demand for its range of innovative and highly differentiated technology, along with continued commitment to revenue growth and operational excellence,’ company says.


TPXimpact Holdings PLC - London-based IT consulting firm - Expects third-quarter revenue to fall 3.95 to £19.0 million from £19.8 million. Gross profit weakens 15% to £5.2 million from £6.1 million. Lowers annual guidance, now expects revenue of £80 million, down from previous outlook of £90 million.


Vector Capital PLC - London-based commercial lending group - Expects 2022 revenue of £5.9 million, in line with market expectations and up 12% from £5.3 million in 2021. Loan book grows 15% to £53.4 million at year-end, from £46.3 million. ‘Despite current market conditions, the group is able in most cases to pass on interest rate increases and continues to witness strong demand from potential customers introduced by its established broker network. The company is benefitting from its diverse portfolio as it increases it weighting towards lower value loans, reflected in the average year-end loan figures referred to above,’ Vector Capital says.


Microlise Group PLC - Nottingham, England-based transport management software firm - Adjusted earnings before interest, tax, depreciation, and amortisation ‘slightly ahead of market expectations’ in 2022. Expects revenue growth of 5% to £63.2 million. However, notes ‘industry headwinds’ and supply chain disruption. ‘This resulted in non-recurring revenues slightly below our forecasts. However, the company delivered record levels of OEM sales which impacted sales mix and had positive working capital effect,’ Microlise adds.


Venture Life Group PLC - Berkshire, England-based self-care product manufacturer and distributor - Expects to post 2022 revenue of £44.0 million, up 34% from £32.8 million in 2021. Outcome would be ‘slightly ahead of market expectations’. Adjusted earnings before interest, tax, depreciation, and amortisation to be at least in line with market expectations.


Cambridge Cognition Holdings PLC - Cambridge, England-based digital health products technology developer - Says revenue for 2022 ahead of market expectations, rising 25% to £12.6 million from £10.1 million. ‘Order intake for the year closed at £13.1 million, up 8% on the previous year’s order intake of £12.1 million, excluding £3.6 million of large one-off orders taken in 2021. Order growth continued across the expanded product offering, driven in part by the continued demand for virtual clinical trials,’ company adds.


ValiRx PLC - Hatfield Heath, England-based life sciences company focused on early-stage cancer therapeutics and women’s health - Signs lease for laboratory space at MediCity in Nottingham. Also names Cathy Tralau-Stewart as chief scientific officer on permanent basis. Had been installed in post on interim basis. ‘She will also actively support the company strategically through membership of the executive team and as a board observer,’ ValiRx says.


Goodbody Health Ltd - Somerset, England-based wellness company focusing on local community measures - Makes progress in phlebotomy services offering. Phlebotomy refers to using a needle to take blood from a vein. ‘The company has signed 4 phlebotomy contracts with other testing suppliers who wish to use Goodbody Clinics as a phlebotomy partner,’ Goodbody says.


Northcoders Group PLC - Manchester-based software coding training provider - Says financial results for 2022 in line with expectations. Northcoders adds that revenue visibility for 2023 stands at £5.4 million an increase of 79% from this time last year. Company adds: ‘With demand continuing to achieve record highs, the board is confident about the group’s prospects of the forthcoming year. The strong performance of the group has given the board confidence to invest additional funds to support the growth this year and beyond, and it intends to launch new growth initiatives to broaden the opportunities and appeal of the group’s courses.’


Lift Global Ventures PLC - Financial media and energy sector focused investor - Subscribes for $750,000 of unsecured convertible loan notes in Trans-Africa Energy Ltd. New investee is focused on developing of energy infrastructure projects located in Sub-Saharan Africa.


Resolute Mining Ltd - Africa-focused gold miner - Quarterly gold output in final quarter of 2022 amounts to 91,777 ounces, from 79,816 ounces a year earlier. For 2022, output amounts to 353,069 ounces, beating 345,000 ounces guidance. For 2023, expects output of 350,000 ounces.


Kendrick Resources PLC - exploration company focused on Norway, Sweden and Finland - Begins maiden diamond drill programme as Espedalen nickel project in Norway. In addition, names Martyn Churchouse as managing director. ‘Drilling will focus on the Stormyra ore body,’ Kendrick says.


Clean Power Hydrogen PLC - Doncaster, England-based green hydrogen technology and manufacturing company - Strikes manufacturing agreement with New Zealand-based Fabrum Solutions Ltd. Fabrum is a cryogenic systems manufacturers for gas separation and hydrogen liquefaction. Fabrum will have right to manufacture MFE220 units in New Zealand on non-exclusive basis. ‘In addition, [Clean Power Hydrogen] has granted Fabrum a non-exclusive license to sell [Clean Power Hydrogen] products in New Zealand and Australia whereby [Clean Power Hydrogen] will receive a technology fee per unit,’ Clean Power says.


Ecora Resources PLC - London-based natural resources royalty company - Hails ‘record’ portfolio contribution of $143.1 million in 2022, up 67% from $85.6 million in 2021 as benefits from higher commodity prices. In fourth quarter alone, portfolio contribution falls 48% to $17.8 million from $34.1 million in the third quarter.


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