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Newmark Security ( (GB:NWT) ) just unveiled an update.
Newmark Security plc has reported a mixed set of interim results for the six months ended 31 October 2024, with a slight decline in overall group revenue by 1% to £10.2 million due to project delivery phasing. Despite the dip in revenue, the company increased its gross profit margin by 0.9% to 38.1%, driven by improved product margins and a rise in recurring revenues within its People and Data Management division. The company’s strategic focus on recurring revenue streams and service offerings is showing positive outcomes, notably through a 30% increase in annualized recurring revenues for its Human Capital Management (HCM) division, particularly in North America. Newmark is optimistic about surpassing its previous full-year revenue performance, bolstered by a strong sales pipeline and new contract wins, particularly in its Safetell division, which has grown its service and maintenance revenue by 38%.
More about Newmark Security
Newmark Security plc is a leading provider of electronic, software, and physical security systems and installations, focusing on human capital management, and physical security solutions. The company operates primarily in the sectors of data management and security, offering a range of products and services that cater to blue-chip organizations across various industries.
YTD Price Performance: 5.71%
Average Trading Volume: 5,232
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £6.94M
For an in-depth examination of NWT stock, go to TipRanks’ Stock Analysis page.