Synectics (AIM:SNX), the security camera group, shot up by over a quarter as it said results for the year ended 30 November 2023 would be materially ahead of market expectations.
Trading had been strong in the second half, especially in the oil and gas market where it specialises, said the statement, with orders boding well for the current year as well.
At the end of 2023, the order book totalled £28.6 million (30 November 2022:: £24.4 million) while net cash had also risen to £4.6 million (30 November 2022: £4.3 million).
Synectics (AIM:SNX)' focus will remain on specialist surveillance systems in specialist markets, including gaming, oil and gas, and public spaces, said the statement.
Shares in AIM-listed Synectics jumped 26% to 132p.