Stock data
| Market cap. | £7.1m |
| Last close | 0.43p |
| High / Low (52 weeks) | 1.0p / 0.4p |
| Stock market listing | AIM |
| Forecast net debt (m) | N/A |
| Forecast gearing ratio (%) | N/A |
| Team | Technology |
| Sector | Electronics & Electrical Equipment |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | 3.61 | 4.88 | (46.25) |
| Relative * | 8.7 | 13.49 | (40.93) |
* % Relative to local index
Other companies covered in sector
| Y/E Dec | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (p) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 0.1 | (2.8) | (2.9) | (0.3) | N/A | N/A |
| 2011A | 0.5 | (3.3) | (3.4) | (0.3) | N/A | N/A |
| 2012E | N/A | N/A | N/A | N/A | N/A | N/A |
| 2013E | N/A | N/A | N/A | N/A | N/A | N/A |
Last updated on 19/04/2012
Latest research
Major Indian CyLec order
Flash note | Electronics & Electrical Equipment | 17/05/2012
Chinese market update
Flash note | Electronics & Electrical Equipment | 17/01/2012
Strategic partnership
Flash note | Electronics & Electrical Equipment | 27/10/2011
Driving energy efficiency
Update | Electronics & Electrical Equipment | 03/10/2011
H111 trading update
Update | Electronics & Electrical Equipment | 06/07/2011
Follow-on lighting order
Flash note | Electronics & Electrical Equipment | 30/06/2011
More initial lighting orders
Flash note | Electronics & Electrical Equipment | 11/04/2011
From trials to deployment
Outlook | Electronics & Electrical Equipment | 30/03/2011
Growing order potential
Update | Electronics & Electrical Equipment | 27/01/2011
Chinese HID lighting order
Flash note | Electronics & Electrical Equipment | 08/12/2010
Lighting control order
Flash note | Electronics & Electrical Equipment | 11/11/2010
Funding in place
Update | Electronics & Electrical Equipment | 30/09/2010
Investment summary
Cyan has received its largest order to date in the Indian market, worth over $1m. The order provides an endorsement of Cyan’s CyLec technology, and shows that the recent development work undertaken to support the Indian electricity metering market has paid off. The TNEB tender in India (for which the outcome is due imminently) could provide additional material orders in this market.
Last updated on 17/05/2012
Industry outlook
Cyan designs solutions for the smart metering and street lighting control markets. Demand for its products, particularly in developing markets, is driven by several factors: growing demand for energy, rising energy prices, insufficient generation capacity, growing environmental awareness and the need to stem revenue losses from the theft of energy.
Last updated on 23/04/2012
Key management
Company address
| Buckingway Business Park Rowles Way Swavesey Cambridge CB4 5UG United Kingdom +44 (0) 1954 234 400 View website |
