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RC Fornax plc ( (GB:RCFX) ) just unveiled an announcement.
RC Fornax PLC has announced a trading update following the UK’s Strategic Defence Review 2025, which has led to increased customer engagement and the potential for significant partnerships. However, the company faces short-term challenges due to delayed customer spending and a slower-than-expected conversion of leads into contracts, resulting in an anticipated FY25 revenue below market expectations. The company has implemented organizational changes, including hiring a new Sales director and restructuring, to align its capabilities and improve future performance. Despite the current setbacks, RC Fornax remains optimistic about its long-term prospects, supported by strategic hires and improved client engagement.
More about RC Fornax plc
RC Fornax PLC is an AIM-quoted company specializing in providing outcome-based engineering solutions to the UK defence industry. Founded in 2021 by RAF veterans Paul Reeves and Daniel Clark, the company focuses on improving project efficiencies and delivering value for money within the sector.
Average Trading Volume: 160,071
For detailed information about RCFX stock, go to TipRanks’ Stock Analysis page.