Preliminary results for the 12 months to 31 December 2005
Cyan Holdings Plc (AIM: CYAN.L), the fabless semiconductor company specialising in the development of low powered, configurable microcontroller chips , announces its preliminary results for the 12 months ended 31 December 2005.
Highlights
- Turnover of £29,899 (2004: £12,116)
- Gross profit is £24,933 (2004: £3,016)
- The milestone of 100 design wins was achieved by March 2006
- eCOG1k and CyanIDE established in the market place
- Significant product development on eCOG1X
- Strengthened distribution channels in Asia and Europe
- Expanded and reputable management, sales and engineering teams
- Successful AIM IPO which raised £6.1 million
Commenting on the results, Paul Johnson, Chief Executive, of Cyan, said: " I am pleased to report Cyan's maiden results since listing on AIM in December 2005. The Group has made significant progress since flotation. The flotation itself enabled us to attract higher profile customers around the world and build on our strategic plan of developing the eCOG product range. I am confident that the combination of all of these key attributes will enable us to maintain our competitive advantage."
For further information:
| Cyan Holdings plc | |
| Paul Johnson, Chief Executive Officer | Tel: +44 (0) 1954 234 400 |
| Collins Stewart Limited | |
| Stephen Keys , Corporate Finance | Tel: +44 (0) 20 7523 8312 www.collins-stewart.com |
Media enquiries:
| Abchurch Communications | |
| Heather Salmond /
Dana Thomas heather.salmond@abchurch-group.com |
Tel: +44 (0) 20 7398 7700 www.abchurch-group.com |