8th Jun 2023 12:12
Shearwater Group PLC - London-based cybersecurity services provider - Expects revenue for the year ended March 31 to be around GBP27.0 million, down 25% from GBP35.9 million a year prior. Adjusted earnings before interest, tax, depreciation and amortisation is expected to breakeven at GBP4.4 million. Says net cash position at March 31 was GBP4.0 million. Adds, it continues to maintain a healthy balance sheet, which will be strenghtend by cash generation in financial 2024. Looking ahead, Shearwater expects to deliver sustainable revenues and profit growth, noting strong pipeline across banking and telecom sectors. Read More
