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Pennant International ( (GB:PEN) ) has issued an update.
Pennant International has reported its final results for 2024, highlighting a transformative year marked by strategic restructuring and investment in its Auxilium software. The company has repositioned itself for growth, focusing on its Software and Technical Services segments to deliver more predictable revenue streams and higher margins. Despite a decrease in revenue to £13.8 million and an adjusted loss before tax, Pennant has strengthened its balance sheet and board, completed significant contracts, and launched Auxilium version 3.0. The company anticipates favorable market conditions to drive future growth and profitability, with ongoing projects and negotiations for new contracts expected to enhance its market position.
More about Pennant International
Pennant International Group plc is a technology-driven global provider specializing in system support software and services, technical services, and training solutions. The company operates in key markets such as Aerospace, Defence, and Rail, as well as adjacent safety-critical sectors like Shipping, Nuclear, and Space. Pennant focuses on sustainable recurring and repeatable revenues, leveraging its proprietary software suite, Auxilium, and high-value technical services to support complex asset management and operational efficiency.
YTD Price Performance: -2.14%
Average Trading Volume: 109,661
Technical Sentiment Signal: Hold
Current Market Cap: £12.54M
Find detailed analytics on PEN stock on TipRanks’ Stock Analysis page.