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Built Cybernetics Reports 2024 Financial Results Amid Strategic Shift to Smart Buildings

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Built Cybernetics Reports 2024 Financial Results Amid Strategic Shift to Smart Buildings

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Aukett Swanke ( (GB:BUC) ) just unveiled an announcement.

Built Cybernetics has reported its audited results for the year ending September 2024, highlighting a 38% increase in revenue to £19.5 million and a 24% rise in gross profit. Despite these gains, the company faced a trading loss of £536,000 and a post-tax loss of £1.71 million, attributed to exceptional items and strategic investments. The company is transitioning from a pure architecture focus to a smart buildings-led strategy, marked by acquisitions and the launch of new technologies like the EDDIE AI chatbot. This shift aims to leverage its architectural heritage and expand its market presence in the PropTech sector, with an optimistic outlook for future growth.

More about Aukett Swanke

Built Cybernetics is a London-quoted PropTech group specializing in Smart Buildings and related services. The company integrates technical systems into modern premises, leveraging its architectural expertise to provide scalable and recurring revenue opportunities.

Average Trading Volume: 192,029

Technical Sentiment Signal: Sell

Current Market Cap: £5.46M

See more insights into BUC stock on TipRanks’ Stock Analysis page.

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