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Pebble Beach Systems ( (GB:PEB) ) has issued an announcement.
Pebble Beach Systems Group PLC reported its financial results for the year ending December 31, 2024, highlighting a 24% increase in order intake driven by a significant rise in Service Level Agreement (SLA) orders. Despite a 7% decline in overall revenue to £11.5 million due to project order delays, the company saw a 17% increase in recurring revenue from SLAs, which now constitutes 53% of total revenue. The company faced a pre-tax loss of £1.3 million, attributed to a one-off impairment and other non-recurring costs. Strategic actions in early 2025 are expected to yield annual cost savings of approximately £2.0 million, enhancing cash flow and positioning the company for potential M&A opportunities.
More about Pebble Beach Systems
Pebble Beach Systems is a leading global software company specializing in playout automation and integrated channel solutions for the broadcast and streaming markets. Founded in 2000, the company has implemented systems in over 70 countries, managing around 2000 channels with its automation technology. Pebble focuses on understanding customer needs and delivering efficient and professional solutions.
YTD Price Performance: -40.0%
Average Trading Volume: 86,328
Technical Sentiment Signal: Buy
Current Market Cap: £7.48M
See more data about PEB stock on TipRanks’ Stock Analysis page.