IN BRIEF: Narf Industries loss multiplies, expects revenue to double
11th Jul 2023 16:49
Narf Industries PLC - US-focused cybersecurity provider - Reports contract revenue of USD2.6 million in the year to December 31, 2022, up from USD1.9 million the year prior. Pretax loss multiplied to USD18.4 million from USD770,579 before with loss per share of 1.3 pence compared to 0.1p. Expects revenue to more than double to USD5.8 million in 2023 and forecasts a 50% fall in operating expense of USD1.4 million when compared to 2022. Targets break-even earnings before interest, taxation, depreciation and amortisation for 2023. Says suspension of share trading to be lifted in the coming days as 2022 audit is now complete. Read More