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Narf Industries Shifts to SaaS Model Amid Financial Challenges

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Narf Industries Shifts to SaaS Model Amid Financial Challenges

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Cyba Plc ( (GB:NARF) ) just unveiled an update.

Narf Industries plc announced its audited financial results for the year ended 31 March 2025, highlighting a strategic shift towards a SaaS model with the launch of Ranger.ai, a platform for securing open-source software. Despite a 50% revenue decline due to U.S. federal budget delays and disruptions, the company secured significant contracts, including a $6.8 million award, and managed costs effectively, positioning itself for future growth without the need for new capital.

More about Cyba Plc

Narf Industries plc is a leading U.S.-based cybersecurity group specializing in advanced threat intelligence and software system security. The company focuses on providing innovative solutions, particularly in securing open-source software, with a strategic shift towards a scalable Software-as-a-Service (SaaS) model.

Average Trading Volume: 4,185,177

Technical Sentiment Signal: Sell

Current Market Cap: £9.17M

For an in-depth examination of NARF stock, go to TipRanks’ Overview page.

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