SRT Marine Systems ( (GB:SRT) ) just unveiled an update.
SRT Marine Systems PLC reported a significant increase in revenues to £26.2 million for the six months ended December 31, 2024, with a gross profit margin of 46%. The company secured a $213 million contract with the Kuwait Ministry of Interior for a maritime surveillance system and expanded its systems delivery team to sustain future growth. With a forward systems contract order book of £320 million and a pipeline of new prospects worth £1.2 billion, SRT is positioned for continued growth. The company also expects its new NEXUS product to disrupt the market with its advanced functionalities, contributing to long-term market opportunities.
More about SRT Marine Systems
SRT Marine Systems PLC is a global leader in maritime domain awareness products and systems. The company provides solutions integrating multiple technologies, advanced analytics, and innovative digital display systems to enhance maritime surveillance, security, safety, and management for national authorities such as coast guards and fishery authorities. Their applications include coastal and territorial water surveillance, fisheries monitoring, and aquatic environment monitoring, among others.
YTD Price Performance: 12.20%
Average Trading Volume: 314,690
Technical Sentiment Signal: Strong Sell
Current Market Cap: £115M
See more insights into SRT stock on TipRanks’ Stock Analysis page.