A busy day for small-cap technology news saw Made Tech Group (AIM:MTEC) steal the headlines with a second guidance upgrade in quick succession, while CloudCoCo delivered a 30% revenue jump and PipeHawk completed the disposal of Utsi Electronics. Elsewhere, Chill Brands acknowledged that investment costs ran ahead of income, GenIP set a Q4 target for its SaaS launch, and Smarter Web Company reported a £72m half-year loss driven almost entirely by unrealised cryptocurrency losses.
Made Tech beats upgraded expectations heading into FY27
Made Tech Group (AIM:MTEC) issued a further positive trading update, signalling that full-year results will beat already-upgraded market expectations on revenue, profitability, and cash generation. Chief executive Rory MacDonald said the business had delivered strong revenue growth and materially improved profitability, adding that the group has entered FY27 with "significant positive momentum". The shares rose 3.9% to 40.0p on the announcement.
Chill Brands grows revenue but costs outpace income in build-out phase
Chill Brands Group (AIM:CHLL) reported revenue growth for the period but disclosed that expenditure ran ahead of income as the company built out a national operating platform. Chief executive Callum Sommerton described the dynamic plainly: "We invested ahead of revenue," with costs reflecting the infrastructure build rather than a deterioration in underlying demand. The candid admission weighed on sentiment, with the shares slipping 4.75% to 2.524p.
CloudCoCo revenue jumps 30% on MoreCoCo e-commerce growth
CloudCoCo Group (AIM:CLCO) reported a 30% increase in revenues, driven by expansion in its MoreCoCo e-commerce division. The board set out a near-term target of £10m in annual revenues at a 7% gross margin, a level it believes would underpin monthly positive cash flow, with a longer-term ambition of £15m annually. The update lifted the shares 5.9% to 0.18p.
PipeHawk completes Utsi Electronics disposal for £1m
PipeHawk (AIM:PIP) closed the sale of Utsi Electronics for £1m, completing a disposal that had been subject to several long-stop date extensions. With Utsi now sold, Thomson Engineering Design remains PipeHawk's sole operating business. The shares were quoted at 2.5p following the announcement.
GenIP targets Q4 SaaS launch as CEO visits UK partners
GenIP (AIM:TEK) confirmed its subscription-based SaaS platform remains on course for a fourth-quarter launch, with the company deepening its AI capabilities and broadening its global partnership network. The update followed a UK visit by chief executive Melissa Cruz, during which the firm engaged with existing and prospective partners. The shares edged down 0.82% to 6.05p.
Smarter Web swings to £72m loss as crypto holdings fall sharply
Smarter Web Company (AIM:SWC) reported a half-year loss of £72m, almost entirely attributable to unrealised losses on its cryptocurrency holdings as Bitcoin's value fell sharply during the period. The scale of the mark-to-market hit overshadowed what the company described as progress in its core digital agency operations, including the acquisition of Squarebird. Despite the headline loss, the shares edged up 1.2% to 25.415p, with chief executive Andrew Webley pointing to the operating business as the more meaningful indicator of underlying performance.
