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Shearwater ( (GB:SWG) ) just unveiled an update.
Shearwater Group plc has announced a change in its accounting reference date from 31 March to 30 June, to better align with its customer procurement cycle, enhancing clarity and consistency in financial reporting. The change extends the current accounting period to 15 months, with expectations of reporting revenues over £38m and adjusted EBITDA of about £2.0m for this period. Additionally, the company granted 1,227,000 share options under its Long Term Incentive Plan, with specific performance-based vesting conditions, aimed at fostering future growth in both revenue and EBITDA.
More about Shearwater
Shearwater Group plc is an award-winning company providing cybersecurity, managed security, and professional advisory solutions aimed at creating a safer online environment for organizations and their end users. The company offers a comprehensive range of services, including identity and access management, data security, cybersecurity solutions, managed security services, and security governance, risk, and compliance. Shearwater’s growth strategy is focused on building a scalable group that addresses the entire spectrum of cybersecurity and managed security needs through a targeted buy and build approach. The group, headquartered in the UK, serves a diverse range of global industries and is listed on the London Stock Exchange’s AIM under the ticker ‘SWG’.
YTD Price Performance: -13.33%
Average Trading Volume: 39,411
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £7.74M
Learn more about SWG stock on TipRanks’ Stock Analysis page.
