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An update from Mobile Tornado ( (GB:MBT) ) is now available.
Mobile Tornado Group plc reported a decrease in total revenue by 10% to £2.03 million for the year ended 31 December 2024, attributed to renegotiated contracts and increased administrative expenses. Despite the financial downturn, the company made significant strides in expanding its global presence with key partnerships, including deals with Zain Iraq and Prairie Mobile Communications, and a new 10-year agreement with Servitron in Mexico. The company also consolidated its R&D operations in the UK, enhancing operational efficiency and cost savings. These strategic moves are expected to bolster the company’s market position and drive future growth.
More about Mobile Tornado
Mobile Tornado Group plc is a leading provider of resource management mobile solutions targeting the enterprise market. The company focuses on delivering critical communications technology, including instant and secure group communications and workforce management services, across various sectors such as logistics, healthcare, construction, and energy.
Average Trading Volume: 128,408
Technical Sentiment Signal: Sell
Current Market Cap: £4.61M
Find detailed analytics on MBT stock on TipRanks’ Stock Analysis page.