MrC's Smallcap Sweeps for Jan 2024

[MrContrarian]

Smallcap Sweep. 31-Jan-24
Sharp intake of breath at Inspiration Healthcare

Gusbourne (GUS) guides FY-Dec net rev up c.17%. Gross margin c.68% (59%). Adj EBITDA loss 'narrowed'. Saw a "more challenging trading conditions for the luxury goods sector in the second half." [SP=69 Cap=42m]
Fadel Partners (FADL) guides FY-Dec rev up 10%, in line with mkt exp. LBITDA expected to be less than $2m. Outlook - EBITDA breakeven earlier than planned. [SP=141 Cap=29m]
Pebble Beach Systems (PEB) guides FY-Dec ahead of market forecasts with rev up c.7% and adj EBITDA c.£3.8m (£3.3m). Guides FY24 trading ahead of market forecasts. [SP=8.43 Cap=10m]
Devolver Digital (DEVO) guides FY-Dec rev in line at $90m+. Normalised adj EBITDA breakeven excluding non-cash title impairments of up to US$2.5m. Enought adjustments for ya? Outlook -normalised adj EBITDA to return to growth in 2024 and accelerate in 2025. [SP=19 Cap=84m]
Inspiration Healthcare (IHC) warns FY-Jan rev £37m, below market expectations, mainly due to a delay to one material export order. Net debt £6.4m and co needs a covenant waiver for end Jan. [SP=54 Cap=37m]
Directa Plus (DCTA) has renewed its contract with Ford to deliver Total Waste Management Services for €1.9m. Booked in 2024. [SP=22.7 Cap=15m]
Skillcast (SKL) guides FY-Dec rev up 15%. ARR up 37%. LBITDA £0.8m max (£0.3m). In line? CEO is 'delighted'. [SP=26.5 Cap=24m]
Ethernity Networks (ENET) expects court to submit its formal approval of the debt Settlement Proposal during the first two weeks of Feb. CO has has formally exited the temporary suspension of proceedings. "We exit the TSP on a far stronger financial footing than when we entered." [SP=1.64 Cap=6m]
Ingenta (ING) guides FY-Dec rev up 3% and pretax £1.7m up 42%. In line? [SP=176.06 Cap=26m]
RC365 (RCGH) wins c.£0.6m two yr contract in Japan. [SP=10 Cap=13m]
Alfa Financial Software (ALFA) guides FY-Dec rev up 9%, in line, and op profit c.£1m ahead of its original (when?) expectations. Outlook confident. [SP=177 Cap=523m]

In line: MOS, SOM, INSE, DOTD, SNWS
Notes SP & cap are 20m delayed
DYOR, E&OE etc etc. I may have a position in any or all of the shares covered.

@MrContrarian