19th Sep 2023 10:06
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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Trustpilot Group PLC, up 15% at 96 pence, 12-month range 62.45p-129.4p. The Copenhagen-based online consumer reviews platform reports an upbeat set of interim results as revenue increases 15% year-on-year to USD84.6 million from USD73.4 million. Pretax loss narrows to USD4.0 million from USD9.2 million. Adjusted earnings before interest, tax, depreciation and amortisation came in ahead of expectations, swinging to USD5.7 million from a loss of USD5.4 million. "Our business delivered a strong first-half performance enabling us to move to adjusted Ebitda profitability and positive free cash flow earlier than originally forecast," says Chief Executive Adrian Blair. Says improving performance in new business and retention booking continues into the third quarter.
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Pod Point Group Holdings PLC, up 7.7% at 34.45p, 12-month range 29.00p-114.00p. The electric vehicle charging services provider's stock makes healthy gains, but remains down 53% over the past year.
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SMALL-CAP - LOSERS
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Xaar PLC, up 6.9% at 163.34p, 12-month range 140p-220.5p. The inkjet printing technology company says revenue in the first half falls 5.7% year-on-year GBP34.5 million from GBP36.6 million, as pretax loss widens to GBP1.8 million from GBP300,000. "We remain focused on the successful delivery of our strategy and taking advantage of the significant opportunities that will drive profitable growth. We have seen continued positive momentum across the business, with increased visibility over customer product launches and a robust pipeline," says CEO John Mills.
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By Elizabeth Winter, Alliance News senior markets reporter
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