Cyanconnode
design and development of Narrowband RF mesh networks that enable Omni Internet of Things (IoT) communications.
Launch date
Employees
Market cap
€36.8m
Enterprise valuation
€36m (Public information from Sep 2024)
Share price
£0.08832 CYAN.L
Company register number 11988396
Cambridge England (HQ)
Financials
Estimates*
| EUR | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Revenues | 7.7m | 11.5m | 14.1m | 22.5m | 40.0m | 48.7m | 63.5m |
| % growth | - | 49 % | 23 % | 60 % | 78 % | 22 % | 31 % |
| EBITDA | (2.5m) | (<1m) | (2.2m) | (3.1m) | 3.4m | 9.8m | 20.0m |
| % EBITDA margin | (32 %) | (4 %) | (16 %) | (14 %) | 8 % | 20 % | 31 % |
| Profit | (2.5m) | (1.0m) | (2.9m) | (4.6m) | 3.5m | 10.4m | 14.9m |
| % profit margin | (32 %) | (9 %) | (21 %) | (20 %) | 9 % | 21 % | 23 % |
| EV / revenue | 1.7x | 3.6x | 3.5x | 1.4x | 0.7x | 0.4x | 0.2x |
| EV / EBITDA | -5.4x | -86.9x | -21.9x | -10.0x | 8.3x | 2.1x | 0.6x |
| R&D budget | <1m | <1m | <1m | 1.9m | - | - | - |
| R&D % of revenue | 5 % | 2 % | 3 % | 8 % | - | - | - |
| Date | Investors | Amount | Round |
|---|---|---|---|
£1.5m | Series A | ||
$2.0m | Early VC | ||
$2.8m | Series B | ||
| N/A | N/A | IPO | |
* | N/A | £5.3m | Private Placement VC |
* | N/A | £2.7m | Post IPO Equity |
* | £5.4m | Post IPO Equity | |
| Total Funding | €12.5m | ||