IN BRIEF: Elixirr Directors and partners to sell shares via placing lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.
TRADING UPDATES: Crimson Tide revenue up, Thruvision expects decline
Thu, 1st Apr 2021 14:56
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Crimson Tide PLC - Tunbridge Wells, Kent-based mobile software firm - For 2020, pretax profit rises 51% to GBP532,000 from GBP352,000 the year before, on revenue growing 21% year-on-year to GBP3.5 million from GBP2.9 million. Revenue growth was driven by new client wins, and expanded relationships with existing customers, in spite of Covid-19, which affected some of the smaller clients. Looking ahead, 2021 has started in line with company expectations. Also announces the raising of up to GBP6.0 million through a placing of 50.2 million shares at 3.0 pence each. Proceeds will go towards further developing the core mpro5 platform, and developed an app-based version for micro-sized businesses. Finncap Ltd will act as bookrunner.
About Telit Communications PLC Telit (AIM: TCM), is a global leader in Internet of Things (IoT) enablement, with an extensive portfolio of wireless connectivity modules, software platforms and global IoT connectivity services, empowering hundreds of millions of connected things to date, and trusted by thousands of direct and indirect customers, globally. With over two decades of IoT innovation experience, Telit continues to redefine the boundaries of digital business, by delivering secure, integrated end-to-end IoT solutions for many of the world s largest brands, including enterprises, OEMs, system integrators and service providers across all industries, enabling them to simplify, connect and manage IoT at any scale.