5th Sep 2024 21:59
Smarttech247 Group PLC - Cork, Ireland-based artificial intelligence-enhanced cybersecurity services provider - Announces trading update for the year to July 31. Says whilst market guidance anticipated an around 20% growth in revenue for the year, the firm has experienced a modest shortfall compared to this figure. Still anticipates that revenue will exceed the figure for the previous year. With the improvement in run rate, the sales pipeline for the coming year is looking exceptionally robust, company adds. Due to revenue shortfall, however anticipates that both earnings before interest, tax, depreciation and amortisation operating profit will be below market guidance. But expects to remain profitable after the usual adjustments for non-trading items.
Current stock price: 10.50 pence, down 21% in London on Thursday
12-month change: down 73%
By Jeremy Cutler, Alliance News reporter
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