Image source: © 2025 Krish Capital Pty.Ltd

Highlights

  • CNC posted FY24 revenue of GBP 40.30 million, up 27.1% YoY, with PBT rising 40.5% to GBP 5.20 million.
  • CNC’s H1 launch of Kratos with Intel® Xeon® 6 is driving customer interest and supports FY25 targets of GBP 43 million revenue and GBP 6 million PBT.
  • CNC holds GBP 13.7 million in cash and has raised its dividend by 10%, positioning the company for R&D, expansion, and acquisitions.

Concurrent Technologies PLC (LSE: CNC) is a UK-based FTSE AIM All-Share company that designs, manufactures, and supplies high-end embedded single board computers and accessories for defence, aerospace, telecommunications, medical, and other industries.

In the financial year 2024 (FY24), the company’s revenue increased by 27.1% YoY to GBP 40.30 million, driven by improved performance in the product division and contributions from the systems business. Gross profit rose by 28.2% YoY to GBP 20.00 million due to corresponding revenue growth, with the margin remaining stable at 49.5%. Profit before tax and exceptionals grew by 40.5% YoY to GBP 5.20 million, despite a GBP 1.1 million investment in systems, supported by higher volumes and margin retention.

Business Update

Concurrent Technologies’ H1 launch of the Kratos product with Intel® Xeon® 6 is driving strong customer interest and enhancing its tech leadership. The Systems business is nearing breakeven, supporting FY25 guidance of GBP 43 million revenue and GBP 6 million PBT, subject to US contract and supply chain risks.

Company Outlook

CNC expects FY25 performance to meet market expectations, targeting the GBP 100 million revenue milestone supported by decent design wins and increased production capacity. A ~USD 5 million Systems backlog and expanded LA team, including a new VP, are set to drive growth from US and international contracts. With GBP 13.7 million in cash, stable inventory, and a 10% dividend increase, the company looks forward for R&D, expansion, and potential acquisitions.

Top 10 Shareholders

The top 10 shareholders collectively hold approximately 35.57% of the company’s total shares, with Premier Asset Management Ltd and Charles Stanley & Co. Limited being the largest individual stakeholders at around 9.83% and 5.13%, respectively.

Stock Information

The stock has declined by approximately 6.24% over the past month but has risen by 1.12% over the past six months. As of 25 July 2025, the stock closed at GBX 180, trading above the average of 52-week low of GBX 103 and the 52-week high of GBX 216.195.

Data source: LSE, Analysis: Kalkine Group
CNC Daily Technical Chart; Data source: EODHD/Others, Analysis by Kalkine Group

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 25 July 2025. The reference data in this report has been partly sourced from EODHD/Others.  

Technical Indicators Defined

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.