Big Technologies PLC (GB:BIG) has released an update.
Big Technologies PLC reports a slight revenue decline and a strong gross margin of 70.0% for the first half of 2024, despite the end of a significant Colombian contract. With robust financial performance and a substantial net cash position at £92.9 million, the company is focused on investing in new technologies and business development in underrepresented markets. The company remains optimistic about future growth, buoyed by a strong balance sheet and ongoing demand for its electronic monitoring products.
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