It’s busy reporting within the UK this week, which might be the busiest within the yr for UK small and mid caps annual outcomes. In the meantime, within the US, Adobe is releasing earnings in an in any other case subdued week, with US earnings off season till late April.
The week forward
Within the UK, we anticipate December remaining outcomes Blackbird PLC (LON: BIRD), Alfa Monetary Software program Holdings PLC (LON: ALFA), Loopup Group PLC (LON: LOOP), accesso Know-how Group PLC (LON: ACSO), Key phrases Studios PLC (LON: KWS), Sopheon PLC (LON: SPE), Telit Communications PLC (LON: TCM), Studying Applied sciences Group PLC (LON: LTG), IQGeo Group PLC (LON: IQG) and IQE PLC (LON: IQE). Additionally, there are interim outcomes ending January for Softcat PLC (LON: SCT) and essensys PLC (LON: ESYS).
Alfa Monetary Software program, which gives software program for the asset finance trade, proclaims remaining outcomes tomorrow. In its buying and selling replace in mid-December, it stated that the optimistic momentum had continued with robust performances in each October and November, and it anticipated that December would even be higher than beforehand anticipated. Late final month the corporate pushed income steerage forward by £4mln because of a change in income recognition in a not too long ago gained contract extension, attributable to there being no related implementation undertaking.
Loopup, which gives a cloud platform for premium exterior communications, proclaims remaining outcomes tomorrow. In a buying and selling replace in early February, the corporate confirmed that it expects fiscal yr 2020 (FY20) income to be about £50.2mln (FY19: £42.5mln) and underlying earnings (EBITDA) to be about £15.3mln (FY19: £6.4mln). These numbers look low cost in relation to the market capitalisation of simply £42mln; nevertheless, consensus forecasts are pointing to a pointy downturn in FY21. The group ended the yr with gross money of £12.1mln and web debt of £0.7mln.
accesso Know-how, which gives know-how options to the leisure, leisure and cultural markets, proclaims remaining outcomes tomorrow. In a buying and selling replace in late January, it stated that the stable buying and selling efficiency reported within the November replace had continued via the rest of 2020, notably over the festive interval in North America. Consequently, the group anticipated to ship FY20 income of not lower than US$55.0mln, which was forward of the board’s earlier expectations. Internet money on the finish of the yr is predicted to be slightly below US$30.0mln. The corporate stated that the robust fourth-quarter (This fall) buying and selling efficiency indicated that, regardless of the pandemic, the underlying market alternative remained intact and the group continues to carry out strongly when buyer venues are open; nevertheless, as a result of current acceleration of the COVID-19 pandemic and the various tempo of vaccine deployment, buying and selling will possible proceed to be affected by decrease venue attendance over the primary half of 2021.
essensys, which gives software-as-a-service (SaaS) platforms and on-demand cloud companies to the versatile workspace trade, proclaims interim outcomes on Tuesday. In its February buying and selling replace, the corporate stated it expects to report first-half income according to administration expectations at £10.6mln. This was supported by a robust efficiency from its US enterprise, which noticed its recurring income improve by 18% to £4.42mln regardless of the continued impression of Covid-19. The group’s complete annualised recurring income (ARR) run price grew barely to £19.9mln from £19.7mln within the prior interval, on a relentless forex foundation. The corporate stated that adjusted EBITDA for the half-year is predicted to be according to administration expectations and the group ended the interval with web money of £5.9mln, which was additionally according to administration expectations.
Key phrases Studios, which gives companies to the worldwide video video games trade, proclaims remaining outcomes on Wednesday. In its buying and selling replace in late January, it stated it expects to provide 12% natural income development for FY20 regardless of COVID-19 constraints. The corporate expects income and adjusted revenue earlier than tax to be €373mln and €55mln, respectively, which is marginally forward of the steerage issued in late November. 12 months-end web money is predicted to be round €100mln. Because the share placement in Could, the group has made eight acquisitions. This contains the most recent acquisition introduced final week – an 85% stake Tantalus Media for as much as US$46.8mln – which marks the group’s entry into the Australian video video games market. Additionally final week, the corporate introduced that Andrew Day, CEO, would take a short lived go away of absence from the enterprise for well being causes. Jon Hauck and Sonia Sedler have been appointed as joint interim CEOs alongside their present roles.
Softcat, the UK supplier of IT infrastructure know-how and companies, proclaims interim outcomes on Tuesday. In a quick buying and selling replace in early January, the corporate stated that buying and selling had continued to be optimistic for the reason that Q1 assertion in November. It stated that demand from public sector clients had remained robust whereas the company image had continued to enhance however was additionally considerably combined. Following the seasonally essential December buying and selling interval, the corporate stated it was considerably forward of the place it anticipated to be at this stage. Nonetheless, it famous that the second half remained tough to forecast.
Sopheon, which gives software program and companies for product life cycle administration, proclaims annual outcomes on Wednesday. FY20 income is predicted to be round US$30multilevel marketing, according to FY19, with adjusted EBITDA barely decrease at US$5.6mln (FY19: US$6.4mln). Extra importantly, annualised recurring revenues (ARR) are anticipated to rise by 13% to US$18mln. Consequently, FY21 income visibility, which incorporates companies order guide, stands at US$22mln, up 23% from US$18.9mln a yr earlier. The full contract worth (TCV) of the signed software-as-a-service (SaaS) enterprise grew by 274% yr on yr.
Telit Communications, a world enabler of the Web of Issues (IoT), proclaims remaining outcomes on Wednesday. In its buying and selling replace in January, it stated that FY20 revenues are anticipated to be US$343.0mln (FY19: US$382.8mln excluding automotive), reflecting a decline of 10.4%. Adjusted EBITDA is predicted to be within the vary of US$38-$41mln (FY19: US$38.2mln together with two months EBITDA contribution from the automotive enterprise). Final week the corporate stated that DBAY, its largest shareholder with a 26.02% stake, is in discussions with the corporate relating to a potential provide for Telit.
Studying Applied sciences, which gives companies and applied sciences for digital studying and expertise administration, proclaims remaining outcomes on Thursday. In its buying and selling replace in late January, it stated it expects FY20 revenues to be not lower than £131.0mln (FY19: £130.1mln). Recurring revenues elevated to circa 80% of the full revenues (FY19: 74%) as a stable efficiency within the Software program & Platforms division countered a decline in Content material & Providers which was as a result of impression of COVID-19. Adjusted earnings earlier than curiosity and tax (EBIT) are anticipated to be forward of consensus and never lower than £40.0mln (FY19: £41.0mln), whereas the year-end web money place of £70.2mln was considerably forward of the consensus of £59.6mln. After the interval finish, the group has made three acquisitions – Reflektive for US$14.2mln, The Folks Improvement Staff for an preliminary £13.2mln and Bridge for US$50mln.
IQGeo, which gives geospatial productiveness and collaboration software program for telecoms and utility community operators, proclaims remaining outcomes on Thursday. In its January buying and selling replace, it stated it’s seeing continued robust market demand as each telecoms and utilities markets have been much less affected than different sectors in the course of the COVID-19 pandemic. It expects FY20 income to be not lower than £9.0mln (FY19: £7.8mln) with own-product income anticipated to develop by some 30% to greater than £7.0mln. The technique of changing the enterprise to a recurring income mannequin continues to point out good momentum with roughly 35% of complete revenues now recurring, up from 21% in FY19. The ARR run price as at December is predicted to be round £5.3mln, up from £2.0mln in FY19, reflecting 65% natural development and £2.0mln from OSPI, which was acquired in December. Gross margins have improved significantly and the group expects to report a considerably decreased adjusted EBITDA lack of round £2.5mln (2019: lack of £4.8mln). The group had web money of £10.5mln on the year-end, with gross money of £11.1mln together with the US Authorities PPP mortgage, the compensation of which is predicted to be waived. After the interval finish, the group obtained £2.5mln from the sale of the residual curiosity within the group’s former RTLS enterprise. Following the replace, the group has gained a £1.3mln two-year order with a significant telecoms community operator that serves greater than 3.2mln clients in central and western Canada.
IQE, which manufactures superior semiconductor wafer merchandise and supplies options for the worldwide semiconductor trade, proclaims remaining outcomes on Thursday. In its January buying and selling replace, it stated that FY20 income is predicted to be about £178mln, topic to exterior audit evaluation (2019: £140mln). That is per beforehand issued steerage of a minimum of £170mln and represents over 25% year-on-year development. The group closed the yr with a web money place of round £2mln. The corporate stated that buying and selling remained beneficial within the remaining quarter of 2020 and it enters 2021 with optimistic momentum in each the Wi-fi and Photonics enterprise models.
Throughout the pond, it stays quiet on the earnings entrance with Adobe anticipated to be the spotlight, reporting Q1 numbers (February interval finish) on Thursday. Different tech-related corporations reporting embody Synnex, Riot Blockchain, Paychex, QAD, Progress Software program and Momo. Moreover, Intel is internet hosting its Intel Unleashed: Engineering the Future occasion tomorrow afternoon, jap customary time, with the brand new chief govt Pat Gelsinger giving a enterprise replace and outlining Intel’s new technique for innovation and know-how management.
|23-Mar||Alfa Monetary Software program||Remaining outcomes||31-Dec|
|23-Mar||accesso Know-how||Remaining outcomes||31-Dec|
|24-Mar||Key phrases Studios||Remaining outcomes||31-Dec|
|24-Mar||Telit Communications||Remaining outcomes||31-Dec|
|25-Mar||Studying Applied sciences||Remaining outcomes||31-Dec|
|29-Mar||Dev Intelligent||Remaining outcomes||31-Oct|
|30-Mar||K3 Enterprise Know-how||Remaining outcomes||30-Nov|
|31-Mar||Seeing Machines||Interim outcomes||31-Dec|
|Week of 29 Mar||Cell Twister||Remaining outcomes||31-Dec|
|April||[email protected]||Remaining outcomes||31-Dec|
|08-Apr||Alpha FMC||Buying and selling replace||31-Mar|
|April||AdEPT Know-how||Buying and selling replace||31-Mar|
|18-20 Could||Blue Prism||Blue Prism World|
|Late Could/E June||Bytes Know-how||Remaining outcomes||28-Feb|
|15-Jun||CML Microsystems||Remaining outcomes||31-Mar|
|18-Jun||Blue Prism||Interim outcomes||30-Apr|
|Early July||AdEPT Know-how||Remaining outcomes||31-Mar|
Supply: Knowledge from regulatory information and firm web sites