15th Jul 2025 16:05
(Alliance News) - Concurrent Technologies PLC on Tuesday said it anticipates posting a jump in revenue and orders for the first half of its current financial year, following the launch of its new computer board product Kratos.
Shares in Concurrent Technologies were down 9.9% at 178.05 pence in London on Tuesday afternoon. The stock remains up 70% over the past year.
The Colchester, England-based designer and manufacturer of computer products for use in critical embedded applications said it expects to report revenue of around GBP21.3 million in the six months that ended June 30, which would be up 27% from GBP16.8 million the year before.
Pretax profit is anticipated at around GBP2.4 million, 4.3% higher than GBP2.3 million. The company noted this guidance was in spite of an around GBP600,000 negative impact on profit relating to the USD exchange rate.
Order intake for the six-month period was GBP22.3 million, rising 25% on-year from GBP17.8 million.
Its Systems business is on track to nearing a break-even position, Concurrent said, as a result of planned up-front investment to support long-term growth in 2024.
"We are committed to bringing the latest technology to market as early as possible and are encouraged by the early success of our Kratos product, launched in the half, which remains unique in the market. It is currently the only computer board of its form factor to feature the industrial variant of the Intel Xeon 6 processor and is generating significant interest across our customer base," said Chief Executive Officer Miles Adcock.
"[The second half of financial 2025] has started well and while we remain mindful that, like all defence businesses, we do have some dependency on contracts from the US, where there is potential for headwinds associated with governmental reviews or global supply chain disruption, we are closely monitoring developments and remain on track to meet full-year expectations."
Concurrent expects to deliver full-year results for 2025 in line with a current market consensus for GBP43 million in revenue and GBP6 million in pretax profit. This would be up 6.7% and 15% respectively from GBP40.3 million and GBP5.2 million in 2024.
By Emily Parsons, Alliance News reporter
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