Big Technologies maintains expectations after decent start to year
Sharecast
Published May 23, 2023 12:45
Big Technologies maintains expectations after decent start to year
Sharecast - The AIM-traded company, which was holding its annual general meeting, said its pipeline of future opportunities remained robust.
Its board said it was confident in sustained growth and cash generation for the upcoming year.
For the four months through April, Big Technologies (LON:BIGB) said its unaudited consolidated revenue totalled £18.5m, which was 33% higher than the same period in 2022.
The firm said the strong performance, combined with a favourable outlook for the second half, meant it was maintaining its expectations for 2023.
“Our products and technology deliver benefits for society across the globe,” said chair Simon Collins.
“In the criminal justice sector our products facilitate a shift towards rehabilitative community-based sentencing which reduces recidivism and keeps communities safer.
“In the remote care sector, our technology helps people live happier, healthier and more independent lives.”
Collins said market drivers for continued growth across both sectors remained strong.
“With our clear strategy and market-leading products, we are well positioned for growth and continued cash generation during 2023 and beyond.”
At 1201 BST, shares in Big Technologies were down 1.01% at 283.1p.
Reporting by Josh White for Sharecast.com.
Read more on Sharecast.com
Get The App
Written By: Sharecast
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.