Aquis Stock Exchange Weekly Highlights 10/6/24
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Published:
June 10, 2024
Most recent
Incanthera plc provided a further update on the launch of Skin + CELL with Marionnaud Switzerland and Austria and announced an institutional investor-led subscription and sale of shares.
Following recent meetings in Switzerland with Marionnaud and A.S. Watson, Incanthera announced the following update:
• The first production order has been doubled again from 50,000 units to 100,000 units. Subsequent production orders will be larger and continue to increase in line with the European rollout.
• Revenues from the first production order are expected to increase from c.£2million to c.£4 million.
• Revenues for the current financial year (ending 31 March 2025) are expected to exceed the previous guidance of £10 million.
• Discussions are underway with A.S. Watson regarding the rollout of Skin + CELL into the A. S. Watson Group ahead of the previous guidance of Q1 2025.
• The first production order has been doubled again from 50,000 units to 100,000 units. Subsequent production orders will be larger and continue to increase in line with the European rollout.
• Revenues from the first production order are expected to increase from c.£2million to c.£4 million.
• Revenues for the current financial year (ending 31 March 2025) are expected to exceed the previous guidance of £10 million.
• Discussions are underway with A.S. Watson regarding the rollout of Skin + CELL into the A. S. Watson Group ahead of the previous guidance of Q1 2025.
Additionally, the Company announced that Stanford Capital Partners, the Company's broker, has placed a total of £4.1 million by way of a conditional subscription for £2.6 million ("Subscription") and a placing of existing shares ("Sale Shares") to new and existing institutional shareholders for £1.5 million. Read more…
Equipmake Holdings PLC announced that further to its announcement in February 2024, the Company has secured a successive contract with Golden Tours, to repower a further ten Volvo B5 London Tour Busses, using its in-house developed Zero-Emission Drivetrain. The drivetrain, an integrated systems solution, includes Equipmake motors, control systems, inverters, HVAC and battery packs. This contract follows the Company's announcement in February of a £2 million initial order from Golden Tours and illustrates the scaling of initial customer relationships as product is delivered and customers derive the operational benefits of electrification within their fleets. It also further strengthens the Company's forward order book for the year ending 31 May 2025. Read more…
Invinity Energy Systems plc announced that it has leased an additional manufacturing facility to meet the growing demand for long-duration energy storage in the UK. The 26,000 sq. ft (2,415 m2) facility located in Motherwell, North Lanarkshire is c.6 times the size of the Company's existing facility in Bathgate, West Lothian and is expected to increase the Company's UK assembly capacity to over 500 MWh per year. The new Motherwell facility will be primarily focused on battery assembly, allowing Invinity's existing facility in Bathgate to focus on the manufacture of the Company's patented cell stack. Read more…
VISUM Technologies Plc announced that it has entered into exclusive non-binding Heads of Terms for a license agreement with Makeabl Limited, a company based in Hong Kong. The Licensor will grant VISUM the exclusive Software Licensing rights of the Licensor's technology for the North American and European markets. Established in 2021, Makeabl offers end-to-end cloud/App based technology that allows guests at any attraction to receive, process and download image and video content. Using facial recognition, AI and image processing, the platform ensures guests can receive any type of content pre/post their visit. Read more…
KR1 plc announced that the Company has invested a total of US$1,000,000 into the Avail Project in return for 12,500,000 AVAIL tokens. Avail is a Web3 infrastructure layer that allows modular execution layers to scale and interoperate in a trust-minimised way. As such, Avail is positioning itself to be a unifying force for a rollup-centric blockchain ecosystem by composing interactions across chains, aggregating cryptographic proofs across ecosystems and fusing shared security guarantees across value layers. Read more…
RentGuarantor Holdings PLC announced its results for the period ended 31 December 2023.
Highlights
• Revenue increased by 79% from £414k to £741k year on year.
• Tenant contracts increased by 57% from 716 to 1,124 year on year.
• Average contract price has increased by 14% from £578 to £660.
• Arrear claims at 2.32% of revenue in 2023.
• Channel Partners agreements now number 5.
• Partnership Agreements with letting agents 42.
• RentGuarantor finalist at the Aquis Showcase in November 2023
• Commenced the design and development of the Fourth Generation RentGuarantor Platform
Read more…
• Revenue increased by 79% from £414k to £741k year on year.
• Tenant contracts increased by 57% from 716 to 1,124 year on year.
• Average contract price has increased by 14% from £578 to £660.
• Arrear claims at 2.32% of revenue in 2023.
• Channel Partners agreements now number 5.
• Partnership Agreements with letting agents 42.
• RentGuarantor finalist at the Aquis Showcase in November 2023
• Commenced the design and development of the Fourth Generation RentGuarantor Platform
Read more…
