Big bounce for our Stonking Small Cap
Technology companies have been firmly out of favour this year, so it was refreshing to see shares in a brilliant little software company covered in our update here react positively to the latest trading update. Elsewhere, there were strong updates from some of AIM’s other high-quality companies.
Craneware: starting to deliver…again Craneware (AIM: CRW), the market leader in Value Cycle solutions for the US healthcare market, and another company whose shares have fallen back substantially over recent months, also reassured with its trading update for the year ending 30 June 2022. Revenues for the year rose 119% to approximately $165.5m with adjusted EBITDA up 85% to over $50m. The results include an 11-month contribution from Sentry Data Systems, which was acquired on 12 July 2021 for $400m. Sentry generated revenue of $92m and adjusted EBITDA of $23m for its financial year ending 31 December 2020. The update…