Small-cap tech names delivered a run of contract wins and trading updates, with growth and cash discipline the dominant themes rather than blue-sky promises. Getech led the pack on a solid first-half revenue update, while IQE and Shearwater Group both converted overseas contract wins into share price gains, and Feedback and Catenai offered more cautious notes on cash and covenant timelines.
Getech confirms 15% first-half revenue growth
Getech Group (LON:GTC) reported first-half revenue growth of 15%, with chief executive Chris Jepps pointing to "positive trading momentum and a healthy pipeline" that leaves the group comfortably in line with market expectations for the full year. Shares in Getech rose 10.256% to 2.15p on the update, one of the standout moves across the sector today.
Feedback extends cash runway as NHS decision looms
Feedback (LON:FDBK) reported flat revenue and a narrower loss for the year to 31 May, with cash holding up ahead of expectations and runway now extended into mid-2027. The clinical infrastructure specialist is awaiting a decision on a national NHS contract that could prove pivotal to its next growth phase, chief executive Tom Oakley's update showed. Shares slipped 4.444% to 6.45p as investors await clarity on the contract timeline.
Brookcourt lands $1.2m Japanese banking contract
Shearwater Group (LON:SWG) saw its cybersecurity subsidiary Brookcourt Solutions secure a three-year, $1.2m contract with a major Japanese banking group, extending the division's international footprint. Shares in Shearwater added 3.571% to reach 43.5p following the announcement.
Catenai misses Klarian loan repayment deadline
Catenai (LON:CTAI) disclosed that Klarian failed to repay £699,160 owed under a convertible loan note by the 1 July deadline, with talks now underway to agree a further extension. Shares in Catenai stood at 0.15p as the company works through the repayment negotiations.
IQE secures $14m AI datacentre order
Iqe (LON:IQE) won a $14m production order to supply components for AI datacentre infrastructure, with the contract expected to build over coming years. Chief executive Jutta Meier said the deal underlines IQE's role "supporting high-performance infrastructure from the datacentre to the edge, enabled by our differentiated epitaxy portfolio". Shares in IQE climbed 4.87% to 41.425p on the news.
