CYAN - CYANCONNODE HOLDINGS - Share Chat
CyanConnode Holdings Plc is a UK-listed provider of narrowband Radio Frequency (RF) mesh networks, primarily for smart metering and Internet of Things (IoT) applications. The companyās flagship Omnimesh platform facilitates robust and secure two-way communication between smart meters and utility systems, crucial for efficient data collection and grid management.
CyanConnode has established a significant market presence, particularly in India, where it is a key technology provider for the countryās ambitious smart meter rollout programmes. Beyond India, the company also serves clients in the UK, Europe, Africa, and the Middle East. Its technology is pivotal for modernising infrastructure, enabling smart grids, and supporting the energy transition. With a substantial order book, CyanConnode is focused on executing its long-term contracts and leveraging its proprietary technology to capitalise on the growing global demand for advanced metering infrastructure.
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CYAN. That recent trading update for FY23 looks promising with revenue growth and positive EBITDA. Plus, a £20.8m order book!
Are we finally seeing CyanConnode hit its stride, especially with their strong India focus? What are your thoughts on its future prospects and valuation here?
