Small Caps
Seeing Machines welcomes US bill, plays down Europe delay
Computer vision technology company Seeing Machines was upbeat on news from the United States on Tuesday, after the passage of the 'Moving Forward Act' in the House of Representatives.
Frontier IP investment Celerum subcontracted by PlanSea Solutions
Intellectual property specialist Frontier IP announced on Tuesday that its portfolio company, Celerum, has been subcontracted to support software development for Aberdeen-based PlanSea Solutions.
PCI-PAL lowers guidance despite FY revenue surge
Payments firm PCI-PAL reported a surge in annual revenues on Tuesday but lowered its forecasts for 2020 due to the ongoing impact of the Covid-19 pandemic.
Gunsynd raises another £0.1m due to 'excess demand'
Gunsynd announced on Tuesday that, following its fundraising announcement on Monday, and in order to satisfy excess investor demand, it has placed another 16 million new shares to raise £0. 1m.
Live Company makes some serious savings as events restart
Live Company Group said it had made “significant” cost saving initiatives during the second quarter on Tuesday, identifying total savings of £2. 1m of overheads and other operating costs against its original budget for the year.
SkinBioTherapeutics confident in timelines amid Covid crisis
SkinBioTherapeutics updated the market on its operations on Tuesday, reporting that it ended the 12 months to 30 June with a “solid” cash balance of £2. 1m, down from £2. 5m at the end of December.
Velocity Composites strikes deal with defence contractor
Velocity Composites shares jumped after the company said it had signed an agreement with a leading defence contractor with scope for increased sales.
Open Orphan signs three new contracts with third parties
Pharmaceutical services company Open Orphan announced on Tuesday that, as part of opening its hVIVO laboratory services to third parties, it has signed three new contracts with third parties.
Burford Capital files for Wall Street listing
Burford Capital has begun the formal process of seeking a US listing, the litigation finance firm confirmed on Tuesday.
Collagen Solutions signs deal with Halma acquisition NovaBone
Biomaterials and regenerative medicines developer Collagen Solutions has entered into a new minimum three-year agreement with NovaBone Products - a designer and manufacturer of US FDA-cleared synthetic bone grafts - it announced on Tuesday.
Avingtrans maintains 'strong' balance sheet, secures new nuclear contracts
Engineering group Avingtrans said on Tuesday that its balance sheet had remained "strong" throughout the Covid-19 pandemic, with its presence in multiple market sectors and the "resilience and strength of covenant" of many of its customers meaning that it could continue to operate at close to normal levels.
Altitude Group continues to withhold guidance
Marketplace operator Altitude Group withheld guidance again on Tuesday but sought to reassure investors that it remained "focused, nimble and responsive" to the current crisis posed by the Covid-19 pandemic.
Sosandar Q1 losses 'significantly reduced'
Online womenswear retailer Sosandar said on Tuesday that first-quarter losses had been "significantly reduced" as a result of its Covid-19 strategy shift.
LPA Group secures three new rail contracts
LED lighting and electro-mechanical system manufacturer LPA Group has been awarded new contract wins for both the UK and export rail markets.