SRT Marine Systems (GB:SRT) has released an update.
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SRT Marine Systems PLC reported a revenue of £14.8m for the 15-month period ending June 2024, with a significant loss due to delayed contract finalizations. The company invested £5.7m in new technologies and anticipates a strong financial year ahead, supported by £320m in system contracts and a £1.2bn pipeline of prospects. The launch of the NEXUS marine communication transceiver is expected to boost global market presence through its extensive distribution network.
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