Digitalbox (DBOX) shares jumped 32.14% to 9.25p raises FY21 profit and revenue forecast
Digitalbox expects revenue and EBITDA for FY21 to be “significantly ahead” of expectations.
The mobile-first digital media business and owner of the websites Entertainment Daily, The Daily Mash and The Tab, has upgraded its previous market consensus of £0.7m EBITDA for FY21. It now expects to report revenue no less than £3.3m for the twelve month period.
Digitalbox, which generates revenue from the sale of advertising in and around the content it publishes, said trading across its three brands has been stronger than anticipated in the second half of the year, therefore representing the Company’s biggest trading period.
Genedrive (GDR) shares jumped 28.23% to 39.75p following regulatory development
On Monday, Genedrive submitted its new rapid Point of Care molecular test for SARS-CoV-2 detection for CE-IVD certification under the European Communities Council Directive 98/79.
The Genedrive® COV19-ID kit offers a step change in rapid molecular testing, delivering positive results as quickly as 7.5 minutes and negative results at 17 minutes, it explained.
The kit is awaiting formal registration, a process expected to take ten working days to complete, following which the product can be made available commercially in the EU.
PipeHawk (PIP) shares rose 18.97% to 17.25p following major contract win
One of the Group’s principal subsidiaries, QM Systems, has won a contract to manufacture a ‘green energy’ solution which will enable the group to provide domestic heating and hot water. PipeHawk said the first phase of the contract comprises a contract worth around £800,000.
‘The product builds on air source heat pump and heat recovery technology together with utilising a Thermal Battery to provide an efficient solution that can be considered a direct replacement for a conventional gas or oil fired heating system,’ PipeHawk told investors.
The first phase will see QM Systems and Ventive produce a system for manufacturing the heating product while the second phase of the project would see the rapid expansion of QM
Systems’s contract manufacturing business model, the company reported. It added that production is due to start in mid-2022 and could be expanded into other localities in the UK.
AJ Bell (AJB) shares fell 9.66% to 356.6p while group records ‘a record year of growth’
Shares in AJ Bell fell despite growing profits and revenues and ‘a record year of growth,’ detailed within its final results for the year ended 30 September 2021 released today.
The Company reported a 13% increase in full-year profit to £55.1m while revenue rose by 15%, As a result, AJ Bell recommended a special dividend of 5 pence per share, taking the total dividend for the year to 11.96 pence per share compared to 6.16p a share in FY20.