London · Delayed Price · Currency is GBP · Price in GBX Calnex Solutions Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 19% year-over-year with strong profit and cash flow, driven by diversification into digital infrastructure and government/defense. New product launches and strategic partnerships are expected to accelerate growth from FY 2028, with prudent guidance for FY 2027.
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Revenue grew 9% year-over-year to £8 million, with gross margin rising to 76% and improved profitability. Diversification into cloud, data center, and government/defense sectors is driving growth, while telecoms remains subdued. Management expects continued growth and positive cash flow in H2.
Fiscal Year 2025
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Returned to profit with 13% revenue growth, improved margins, and strong cash flow, driven by new product launches and diversification into cloud and enterprise sectors. Confident in continued growth for FY 2026, supported by ongoing R&D and a broadened partner network.
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Revenue declined 6% year-over-year to £7.4 million with a £1.3 million loss, but gross margin remained strong at 74%. New product launches and expanded channel partnerships are expected to drive H2 growth, despite ongoing telecom sector challenges.