The Calnex Solutions Board retain full confidence in future growth and accordingly has resolved to pay an interim dividend of 0.31 pence per ordinary share (FY23 Interim dividend 0.31p) on 15 December 2023 to those shareholders on the register as at 1 December 2023, the record date. The ex-dividend date is 30 November 2023.
Other financial highlights include:
Performance impacted by the wider economic environment and resulting deferral of investment in telecommunications market.
Revenue decline of 38% to £7.8m (H1 FY23: £12.7m).
Gross margin maintained at 74%, broadly in line with the prior period (H1 FY23: 76%).
Cost controls implemented, while maintaining key product development and customer engagement to support future growth.
Underlying EBITDA loss of £0.4m (H1 FY23: profit of £3.5m).
Loss before tax of £0.6m (H1 FY23: profit of £3.1m).
Basic EPS loss (pence) of (0.42)p (H1 FY23: 2.78p).
Closing cash position of £13.5m (H1 FY23: £14.4m, including fixed term deposits), enabling exploitation of growth opportunities across key sectors. Cash levels expected to be maintained for H2.
