BATM Advanced Communications ( (GB:BVC) ) just unveiled an update.
BATM Advanced Communications has announced a strategic update and trading results for 2024, highlighting significant operational changes and divestments to align with its core focus areas. The company has sold its shareholding in Progenetics Ltd and is preparing its eco-med business for sale, aiming to streamline operations and focus on growth in its Cyber and Diagnostics divisions. Despite challenging conditions, BATM achieved revenue growth in these core areas, offsetting lower Networking division revenues. The company expects a net loss due to non-cash impairments but remains optimistic about future growth, supported by a strong cash position and strategic partnerships.
More about BATM Advanced Communications
BATM Advanced Communications is a leading provider of real-time technologies specializing in networking solutions and medical laboratory systems. The company focuses on core strengths in cyber security, networks, and diagnostics, aiming to enhance its capabilities through mergers and acquisitions while divesting non-core assets.
YTD Price Performance: -5.96%
Average Trading Volume: 182,032
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £75.74M
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