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Big Technologies PLC on Monday said it is on track to meet full-year market consensus for earnings as it reported ‘rapid progress’ in the second half in a trading update. Shares in Big Technologies rose 4.8% to 66.00 pence on Monday afternoon in London. The Rickmansworth, England-based electronic monitoring solutions provider noted new business wins in Lithuania, Latvia, and Washington state, which are subject to final contracts, as well as a contract signed in Prince Edward Island, Canada. Big Technologies said that Lithuania, its largest award, will deliver an annual recurring revenue of £600,000 expected to materialise in 2026, with opportunity to grow further. The company added that it entered a strategic partnership with a US provider of electronic monitoring and drug testing solutions, Recovery Monitoring Systems. Looking ahead, Big Technologies said the new contract awards ‘underpin confidence’ that it will meet its full-year guidance based on current market forecasts. This is for revenue to be in the range of £48.5 million to £49.5 million, with a consensus of £49.1 million, and for adjusted earnings before interest, taxes, depreciation, and amortisation to be in the range of £23.7 million to £24.5 million, with a consensus of £24.1 million. Last year, Big Technologies reported making £50.3 million in revenue and £27.0 million in adjusted Ebitda. ‘The group remains well-positioned with the financial flexibility underpinned by a strong balance sheet and operational cashflow to continue to invest in product and market development,’ said Chief Executive Ian Johnson. ‘The group has seen rapid progress in the second half of 2025, underpinned by investments made to strengthen the group organisationally and operationally. The performance across the group, driven by management actions and strategic initiatives has built confidence in meeting our full year guidance for revenue and adjusted Ebitda.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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