Velocity Composites surges on new deal with GKN
20th Dec 2022 15:07
(Sharecast News) - Aerospace and high-performance composite materials supplier Velocity Composites announced the signing of a five-year work package agreement with GKN Aerospace in the United States on Tuesday, expected to be worth more than $100m in revenue over five years.
Read moreVelocity Composites first-half sales meet expectations
24th May 2022 14:11
(Sharecast News) - Aerospace and manufacturing composites supplier Velocity Composites said first-half sales were in line with management expectations in an update on Tuesday, rising to £5.9m from £4.4m year-on-year.
Read moreVelocity Composites losses widen in first half
24th May 2021 11:10
(Sharecast News) - Aerospace composite material supplier Velocity Composites updated the market on its first half on Monday, reporting "significant progress" since the start of the year, with three key contract extensions with three of its largest customers announced in the period.
Read moreVelocity Composites signs multi-year extension with Hapshire-based customer
14th May 2021 08:57
(Sharecast News) - Manufacturer Velocity Composites has inked a new three-year contract with an unnamed "major Tier 1" aerostructures firm based in Hampshire, including both an extension in the term of an existing five-year agreement and the award of new business covering additional programmes in production at the customer's site.
Read moreVelocity Composites inks three-year extension with existing client
25th Mar 2021 10:12
(Sharecast News) - Advanced composite kitting supplier Velocity Composites has secured a three-year contract extension with an unnamed client.
Read moreVelocity Composites continues to navigate tough trading conditions
17th Nov 2020 12:10
(Sharecast News) - Velocity Composites updated the market on the year ended 31 October on Tuesday, reporting that trading in the first four months was in line with management expectations, but the rest of the year was adversely impacted by the Covid-19 pandemic.
Read moreBoeing approves Velocity Composites to supply 737 MAX programme
21st Jan 2020 14:05
(Sharecast News) - Advanced aerospace composite supplier Velocity Composites has received approval from Boeing to supply structural composite material kits for its single aisle narrowbody jet platform, it announced on Tuesday.
Read moreVelocity Composites expects to trade in line despite revenue drop
13th Nov 2019 09:01
(Sharecast News) - Aircraft material kits manufacturer Velocity Composites turned in a slight drop in annual revenues on Wednesday but still expects full-year results to be in line with market expectations.
Read moreVelti moves to SaaS model
17th Mar 2011 18:16
AIM-quoted Velti, which recently joined Nasdaq, reported a jump in revenues in 2010. Revenues for the mobile phone marketing services provider grew from $90m to $116.3m. In 2009, the fourth quarter revenues accounted for nearly three-quarters of the total for the year. In 2010, the fourth quarter
Read moreLondon close: Stocks fall as nervousness sets in
28th Jan 2011 16:51
Shares were nursing big losses by the end of the day as more gloomy economic figures stoked nervousness. Consumer stocks were under the cosh after UK consumer confidence in January slumped in January, as the VAT rise kicked in. Insipid weekly trading figures from department store group John Lewis h
Read moreVelti soars as IPO priced at $12
28th Jan 2011 16:51
Shares in mobile marketing specialist Velti hit an all-time high as it priced its Nasdaq listing at $12 per share, well above its closing price in the UK yesterday. Velti wants to 12.52m shares, of which 11.1m will be new shares and 1.46m will come from existing shareholders. In addition, Velti an
Read moreLondon afternoon: Confidence blow for equities
28th Jan 2011 14:50
Leading shares are lower, with consumer stocks under the cosh after UK consumer confidence in January slumped in January, as the VAT rise kicked in. Insipid weekly trading figures from department store group John Lewis have not helped sentiment. The GfK NOP Consumer Confidence Index dropped eight p
Read moreLondon midday: Footsie stabilises at lower level
28th Jan 2011 12:19
London fell sharply in early dealings on the back of weak overseas markets but it has spent most of the day around the 5,920 mark. S&P's decision to cut its credit rating for Japan and some poor company results hurt the Nikkei in Tokyo on Friday and this has spilled over into London. The market i
Read moreSmall caps round-up: Velti, GTL, Omega Insurance...
17th Nov 2010 14:36
Dublin-based mobile marketing technology provider Velti has benefited from strong demand during the nine months ended September 30, pushing revenue up by 143% to $58.8m. There's also adjusted earnings before interest, tax and depreciation (EBITDA) of $4.7m compared with a $10m loss during the same
Read moreVelti adjusts forex loss
19th Oct 2010 13:31
AIM-quoted mobile marketing technology provider Velti has amended its interim figures and filed a third amendment to its Nasdaq offer documentation. Velti did not initially report interim foreign exchange losses of $2.8m relating to a dollar-denominated loan made to the parent company which repor
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