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Published on: December 5, 2023

The unusually reliable semis co delivers, again

CML’s interim results to 30 September show that, despite challenging markets, the group continues to make progress. Revenue improved by 5% to £10.6m, up from £10.1m in H1 FY23. Profit from operations was flat at £1.9m, prior to third-party acquisition related costs from the MwT transaction of £0.3m and share-based payments. Cash balances at the period-end were £20.95m (31 March: £22.26m), after significant expenditure on product development, share buybacks and the FY23 final dividend. With the MwT acquisition completed and integration underway, CML is well positioned to continue growth in its existing markets and exploit the huge potential in next-generation wireless technologies, such as 5G, the Industrial Internet of Things and mass-market satellite communications.

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