Calnex Solutions plc (AIM:CLX) designs, produces and markets test instrumentation and solutions for network synchronization and network emulation, enabling its customers to validate the performance of the critical infrastructure associated with telecoms networks. To date, Calnex has secured and delivered orders to over 600 customer sites in 68 countries across the world. Customers include BT, China Mobile, NTT, Ericsson, Nokia, Intel, Qualcomm, IBM and Facebook.
Founded in 2006, Calnex is headquartered in Linlithgow, Scotland, with additional locations in Belfast, Northern Ireland and California in the US, supported by sales teams in China and India. Calnex has a global network of partners, providing a worldwide distribution capability.
Calnex listed on AIM in October 2020, raising £22.5m
George Elliott (NE Chair)
Extensive Board level experience. Former NE Chair of Craneware, ex CFO of Wolfson Microelectronics
Tommy Cook (CEO)
FOunder of Calnex. 35+ yrs telecoms test & measurement experience
Ashleigh Greenan (CFO)
Chartered accountant with Deloitte, ex KPMG & former CFO Exova Group plc
NED’s: Ann Budge, Graeme Bissett
Calnex Solutions plc (AIM: CLX) provides test and measurement solutions for the global telecommunications sector and is pleased to announce …
Calnex Solutions plc (AIM: CLX), an established provider of test and measurement solutions for the global telecommunications sector, is pleased …
| P&L | 31 Mar 2020 £~000 | 31 Mar 2019 £~000 |
|---|---|---|
| Revenue | 13,739 | 10,504 |
| (Cost of Sales) | (3,116) | (2,279) |
| Gross profit | 10,622 | 8,224 |
| Profit before tax | 2,980 | 2,513 |
| Profit after tax | 2,287 | 2,141 |
| P&L | 31 Mar 2020 £~000 | 31 Mar 2019 £~000 |
|---|---|---|
| Total Non-Current Assets | 8,013 | 7,053 |
| Cash & cash equivalents | 3,664 | 1,852 |
| Total Current Assets | 7,130 | 4,626 |
| Borrowings | 2,276 | 533 |
| Total Liabilities | 8,143 | 7,022 |
| Net Assets | 7,000 | 4,657 |
Directors
Other
Frost & Sullivan (from Calnex Admission Document)
“The global market for Telecoms test and measurement equipment in 2020 for mobile networks alone has been estimated by Frost & Sullivan to be around US$1.3 billion and is forecast to exceed US$2 billion by 2024, expanding at a CAGR of 11.5 per cent. Frost & Sullivan separately estimated the global high speed Ethernet Test Equipment market to be around US$1.3 billion in 2020 and
forecast this market to grow to US$2 billion by 2024.”
The Scotsman (Oct 2020): Shares begin trading in Scotland’s first stock market flotation in two years
“Shares have begun trading in Calnex Solutions, the West Lothian technology business whose investors include Hearts owner Ann Budge.”
BBC (Sep 2020): Linlithgow telecoms firm Calnex Solutions to float on stock market
“A Linlithgow firm that tests telecoms equipment for major business clients is the first Scottish company to float on the London stock market for two years.”
