BATM Advanced Communications Ltd. (BVC)

Sector:

IT Hardware

Index:

techMARK

15.35p
   
  • Change Today:
    -0.35p
  • 52 Week High: 21.40
  • 52 Week Low: 13.05
  • Currency: UK Pounds
  • Shares Issued: 436.53m
  • Volume: 88,764
  • Market Cap: £67.01m
  • RiskGrade: 322

BATM FY results to beat expectations as Covid boosts demand

By Michele Maatouk

Date: Monday 01 Feb 2021

LONDON (ShareCast) - (Sharecast News) - BATM said on Monday that full-year revenues and earnings are set to be ahead of market expectations following stronger-than-expected demand for its diagnostic kits towards the end of the year.
The company, which provides real-time technologies for networking solutions and medical laboratory systems, said demand was boosted by the second wave of the Covid-19 pandemic.

As a result, revenue for full year 2020 is set to be at least $180m - "significantly ahead" of upgraded market expectations and representing annual growth of more than 45% - while earnings before interest, tax, depreciation and amortisation will be "substantially ahead".

"As stated in the interim results announcement, the group entered the second half of 2020 with a substantially higher backlog than at the same point in the prior year," it said. "This momentum continued through the second half, with stronger-than-anticipated demand for the group's diagnostics solutions towards the end of the year as the second wave of the Covid-19 pandemic spread across the globe."

BATM said growth was driven by the Bio-Medical division. In particular, the Diagnostics unit rapidly developed testing kits in response to the Covid outbreak and saw strong demand throughout the year for its reagents and instruments. These sales were mainly to public health authorities in Europe and South East Asia, and BATM said it has continued to receive significant orders for its diagnostic solutions into 2021.

At 1100 GMT, the shares were up 8.4% at 110p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BVC Market Data

Currency UK Pounds
Share Price 15.35p
Change Today -0.35p
% Change -2.23 %
52 Week High 21.40
52 Week Low 13.05
Volume 88,764
Shares Issued 436.53m
Market Cap £67.01m
RiskGrade 322

BVC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
32.81% below the market average32.81% below the market average32.81% below the market average32.81% below the market average32.81% below the market average
30.43% below the sector average30.43% below the sector average30.43% below the sector average30.43% below the sector average30.43% below the sector average
Price Trend
65.28% below the market average65.28% below the market average65.28% below the market average65.28% below the market average65.28% below the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Income Not Available
Growth
75.96% above the market average75.96% above the market average75.96% above the market average75.96% above the market average75.96% above the market average
82.61% above the sector average82.61% above the sector average82.61% above the sector average82.61% above the sector average82.61% above the sector average

BVC Dividends

  Latest Previous
  Final Final
Ex-Div 09-Dec-21 n/a
Paid 05-Jan-22 n/a
Amount 0.74p 0.000¢

Trades for 17-Jul-2025

Time Volume / Share Price
15:54 5,818 @ 15.40p
15:49 15,000 @ 15.20p
15:49 2,533 @ 15.26p
12:51 500 @ 16.00p
12:38 23,400 @ 15.95p

BVC Key Personnel

CEO Moti Nagar
Chair Nadhim Zahawi
CFO Leor (Lior) Miles

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