CyanConnode narrows H1 losses as revenue more than doubles

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CyanConnode narrowed its half-year losses as revenue more than doubled owing to a jump in orders shipped to customers.

For the six months ended 30 September 2021, pre-tax losses narrowed to £1.3 million from £1.7 million year-to-year as revenue improved 172% to £4.1 million.

Omnimesh modules shipped to customers were up 3.4 times to 315,000 from 92,000.

Looking ahead, the company said it expected results to meet market expectations for the current financial year.