CML Microsystems PLC
- Market Cap (£m) 71.9
- Listing AIM
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Analysts
Company Description
CML is a semiconductor company focused on the next generation of wireless communications technologies. CML has a strong niche position in wireless communications integrated circuits (ICs, or silicon/semiconductor chips), built upon its technologies and skills in analog design and compound semiconductors. Over the coming years, new technologies, including 5G and satellite broadband, are expected to open up a host of new applications and markets for wireless communications and control devices applications, from critical infrastructure to healthcare, to transport and defence, and even agriculture. CML has well-established relationships with blue-chip international electronics and industrial customers, and a strong market position in the global private mobile radio market. The company runs on a fabless business model, designing and testing the chips itself but outsourcing the highly capital-intensive manufacturing and packaging processes to third parties.
Investment Summary
CML is well-positioned to exploit several growth opportunities that are expected to come with the next generation of wireless technologies, including 5G, industrial internet of things and satellite communications. There is considerable potential in next-generation wireless technologies and CML has a focused approach with a proven strategy and management. Overall, the business weathered Covid well, has a strong cash position and seems extremely well-placed to capitalise on multiple growth opportunities. In our view, the group is well-run and has a clear and valuable lead within its chosen niche markets.
Recent Content
Firing on all cylinders
27/03/2023 CML Microsystems plc
The trading update for the year ended 31 March, issued today, confirms that CML expects to report revenue […]
Property value realisation – going to plan
17/02/2023 CML Microsystems plc
A release from CML, published today, states that conditional planning approval has been granted at its 29-acre site […]
A strategic advance in next-generation wireless
17/01/2023 CML Microsystems plc
CML has today announced the agreement to acquire, for up to $18m, Microwave Technology Inc (MwT), marking a […]
Management Team of CML Microsystems
01/12/2022
Exceptionally strong results
22/11/2022 CML Microsystems plc
CML’s interim results for the six months ended 30 September 2022 have significantly exceeded management’s own expectations. We […]
Performing ahead of expectations
28/09/2022 CML Microsystems plc
The trading update issued today by CML states that for the full year ending 31 March 2023 both […]
Progress on all fronts
10/08/2022 CML Microsystems plc
CML has today released its AGM statement. It follows the same path as the FY22 results in July […]
Clear signals of recovery and growth
06/07/2022 CML Microsystems plc
CML’s Full Year results to 31st March 22, released yesterday, show that the group is continuing to make […]
Sμrfs up
12/05/2022 CML Microsystems plc
CML has a strong niche position in wireless communications chips, built upon its technologies and skills in analog […]
Company Management Team
Nigel Clark
Executive Chairman
Nigel joined the Company in 1980. He was appointed Company Secretary in 1983 and Group Financial Director in 1985. Prior to joining CML, he was employed by Touche Ross & Co. (which subsequently merged with Deloitte in 1989) and is a qualified chartered accountant, holding an FCA. Nigel became Group Non‑Executive Chairman in January 2015. On 1 January 2020, Nigel took up the post of Group Finance Director on an interim basis, on 1 June 2021 resigned interim position and took the position of Executive Chairman. He holds a Mathematical Science degree from Royal Holloway College, University of London. Nigel is Chairman of the Remuneration Committee and has resigned from being a member of the Audit Committee.
Chris Gurry
Group Managing Director
Chris joined the group in 1994. He was appointed to the Board in 2000 as Business Development Director and became Group Managing Director in October 2007. Prior to joining CML, he worked within the electronics design and manufacturing industry leading organisations primarily focused on applications within radio communications markets, including machine-to-machine, CCTV and satellite television. Having originally trained as an electronics technician, Chris subsequently re-trained as a business software programmer/analyst and has over 30 years’ experience within wireless communications markets. He is a member of the Remuneration Committee
