Concurrent Technologies Plc (COTGF) Q2 2026 Earnings Call Transcript

SA Transcripts 162.18K Followers Follow Concurrent Technologies Plc ( COTGF ) Q2 2026 Earnings Call September 11, 2026 7:00 AM EDT Company Participants Miles Adcock - CEO & Executive Director Kim Maria Garrod - CFO & Executive Director Presentation Operator Good afternoon, and welcome to the Concurrent Technologies Plc Investor Presentation. [Operator Instructions] Before we begin, I'd like to submit the following poll. I'd now like to hand you over to Miles Adcock, CEO. Good afternoon, sir. Miles Adcock CEO & Executive Director Hello. Thank you all for joining us today for the results for the first half of 2026 for Concurrent Technologies Plc. Next slide, please. So we have myself, Chief Executive Officer; and Kim, our CFO. For those of you that might not know, Kim is retiring after 4 excellent years. So this is her last session. In addition to this presentation, we have now also commissioned research from Equity Development, so you can find their research paper on their or our website. Next slide, please. So as a reminder, Concurrent Technologies is a business that has been trading for more than 40 years, one of the longest listed stocks on AIM. We are now over 200 people based in the United Kingdom and the United States, although we sell all around the world with something over half our revenue going into America. We design and make embedded computer system products. For a long time, we just did computer boards, typically postcard-sized boards, but we now do a much wider array of systems and related services. Next slide, please. So the market that we address is absolutely enormous. There's some substantial figures on this slide with America spending more than $1 trillion on defense. NATO as a group spending around $1.8 trillion. The defense electronics market globally is itself over $190 billion. These are all absolutely enormous numbers. And generally speaking, when we win work, we're displacing very large competitors.