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Results: AFRN

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EPIC AFRN
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Aferian – trading update, is it really continuing to execute on improvements?

B2B video streaming technology company Aferian (AFRN) has announced that trading has finished its year “in line with the board's expectations… Net cash at 30 November 2022 is expected to be slightly ahead of expectations at $4m, following better than expected cash collection from customers… Our results demonstrate that we continue to execute on improving our software and annualised recurring revenue growth”. So what of a current 95p share price, comparing to above 130p as recently as October?
EPIC AFRN
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Aferian – positive full-year update, Buy

Video streaming technology company Aferian (AFRN) has announced year ended 30th November 2021 performance “ahead of the prior year, and in line with board expectations” and confidence looking ahead including increased exit run rate annual recurring revenue of approximately $15 million and further visibility as customers place orders up to 60 weeks in advance in response to extended lead times in the supply chain.

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