Stonking Small Cap goes shopping | Sustainable investing delivers
Plenty of results and updates to digest from London's growth market, including news of an acquisition and system sale for two of our earlier Stonking Small Cap selections. Read our free update here to find out more about these exciting growth companies.
Adept Technology: full year results much as anticipated AdEPT (LON:ADT), a provider of managed services for IT, connectivity, and cloud services, announced results for the year ending 31 March 2021. Adept’s business has been impacted more than we originally anticipated over the pandemic, but the results suggests things have started to pick-up. Revenue for the year fell 6% to £57.9m with ‘underlying’ EBITDA down 16% to £9.8m and operating profit 64% lower at £1.6m, after £1m of restructuring costs. Adept’s strong presence in the Public Sector and limited exposure to those sectors most impacted by the pandemic, such as travel,…