SRT Marine Systems (SRT) AI Stock Analysis

• Market Cap: £146.24M
• Dividend Yield: N/A
• Average Volume (3M): 320.70K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.17
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: UK
• Employees: 109
• Sector: Technology
• Sector Strength: 69
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -0.04
• Shares Outstanding: 249,982,650
• 10 Day Avg. Volume: 110,128
• 30 Day Avg. Volume: 320,704
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

SRT Marine Systems faces significant financial challenges with declining revenues, negative cash flows, and high debt levels. However, positive corporate events, including major contracts and strategic initiatives, offer potential growth opportunities. The valuation remains uncertain due to the lack of key metrics, and technical analysis shows a neutral outlook.

SRT Marine Systems Business Overview & Revenue Model

Company Description

SRT Marine Systems plc, together with its subsidiaries, develops and supplies automatic identification system (AIS) based maritime domain awareness technologies, products, and systems. The company offers systems, such as DAS-Digital ATON, a system that enhance port and waterway traffic control and navigation safety; NAIS-National Vessel Tracking, a vessel identification and tracking system solution; MDM-Coastguard, a maritime domain surveillance system; VMS-Fisheries, a system for tracking, monitoring, and managing fishing vessels; and VTS-Ports and Waterways, a monitoring, managing, and control system for maritime infrastructure, ports, and waterways. It also provides AIS, VMS, search and rescue, vessel, and navigation transceivers; fishing buoy trackers; base stations; display and data solutions; satellite data solutions; OEM AIS transceivers; and transceiver modules, as well as develops and sells maritime communication products and systems. The company's solutions are used in a range of maritime applications, such as safety and security, and environment sustainability and protection. It serves mariners, infrastructure owners, coast guards, and fishing authorities in the United Kingdom, rest of Europe, the Middle East, North America, South East Asia, and internationally. The company was formerly known as Software Radio Technology Plc and changed its name to SRT Marine Systems plc in July 2016. SRT Marine Systems plc was founded in 1987 and is headquartered in Bath, the United Kingdom.

How the Company Makes Money

SRT Marine Systems generates revenue through the sale of its AIS-based products and solutions to a diverse clientele, including government agencies, commercial shipping operators, and fisheries. The company's key revenue streams include the sale of hardware, such as transceivers and display systems, as well as software solutions for data management and analytics. Additionally, SRT engages in long-term contracts and partnerships with governments and organizations for the implementation and maintenance of maritime monitoring systems. These partnerships often involve significant commitments to support infrastructure and provide ongoing services, contributing to a steady and predictable revenue flow.

SRT Marine Systems Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Income Statement		Total Revenue
30.51M	8.17M	8.28M	18.91M	20.56M
	Gross Profit
11.04M	2.67M	3.18M	4.37M	9.33M
	EBIT
135.02K	-6.20M	-5.36M	-2.51M	3.45M
	EBITDA
3.02M	-3.42M	-2.59M	-4.22M	4.85M
	Net Income Common Stockholders
69.52K	-5.84M	-5.13M	-6.08M	3.41M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.18M	5.92M	5.29M	918.81K	3.94M
	Total Assets
26.41M	24.71M	22.01M	29.04M	31.22M
	Total Debt
8.89M	8.46M	9.64M	6.26M	5.04M
	Net Debt
6.71M	2.54M	4.35M	5.34M	1.09M
	Total Liabilities
16.10M	14.92M	11.29M	15.30M	11.35M
	Stockholders Equity
10.31M	9.79M	10.72M	13.73M	19.87M
Cash Flow		Free Cash Flow
-3.29M	-1.32M	-273.11K	-2.43M	-5.12M
	Operating Cash Flow
1.70M	2.19M	2.84M	1.06M	-3.19M
	Investing Cash Flow
-4.99M	-3.51M	-3.11M	-3.49M	-1.93M
	Financing Cash Flow
-410.19K	2.86M	4.64M	-590.92K	7.70M

SRT Marine Systems Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 58.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SRT, the sentiment is Positive. The current price of 58.5 is above the 20-day moving average (MA) of 57.75, above the 50-day MA of 51.02, and above the 200-day MA of 42.28, indicating a bullish trend. The MACD of 1.94 indicates Positive momentum. The RSI at 57.40 is Neutral, neither overbought nor oversold. The STOCH value of 43.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:SRT.

SRT Marine Systems Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SMIN	76 Outperform	£6.35B	21.41	13.99%	2.35%	6.10%	33.05%
VCT	63 Neutral	£750.61M	43.63	3.58%	6.97%	-5.21%	-72.13%
Sector *	60 Neutral	$10.95B	10.52	-7.07%	3.00%	7.30%	-12.04%
GHH	51 Neutral	£105.98M	37.06	2.87%	3.34%	-8.41%	-31.29%
TTG	49 Neutral	£135.27M	―	-22.95%	8.29%	-15.12%	-690.29%
SRT	47 Neutral	£146.24M	―		―	―	―

SRT Marine Systems Corporate Events

SRT Marine Systems Announces Live Quarterly Webcast for Stakeholder Engagement

SRT Marine Systems PLC announced a live quarterly webcast scheduled for April 9, 2025, at 8:00 a.m., where CEO Simon Tucker will provide updates on the company’s operations and activities. This webcast is an opportunity for shareholders and interested parties to engage directly with the company, as questions can be submitted before and during the event. The webcast reflects SRT’s commitment to transparency and stakeholder engagement, potentially enhancing its market position and investor relations.

Spark’s Take on GB:SRT Stock

According to Spark, TipRanks’ AI Analyst, GB:SRT is a Neutral.

SRT Marine Systems’ overall score reflects a mixed outlook. The company faces significant financial performance challenges, including declining revenue and negative cash flow. However, positive technical indicators and strong corporate events with major contracts and strategic growth initiatives provide some optimism. The absence of valuation metrics adds uncertainty to the stock’s assessment.

To see Spark’s full report on GB:SRT stock, click here.

SRT Marine Systems Issues New Shares Following Employee Option Conversion

SRT Marine Systems PLC has announced the issuance and allotment of 20,000 new ordinary shares following the conversion of employee share options, with each share priced at 0.1p. This move will increase the total number of ordinary shares to 249,982,656, impacting shareholder voting rights and potentially influencing market perceptions of the company’s financial health and employee incentive structures.

SRT Marine Systems Reports Strong Half-Year Results and Secures Major Contracts

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.

SRT Marine Systems Expands Share Capital Through Employee Options

SRT Marine Systems PLC has issued 50,000 new ordinary shares following the conversion of employee share options, with an exercise price of 29p per share. This move increases the total number of shares to 249,962,656, impacting shareholder voting rights and potentially altering stakeholder interests under financial regulations.

SRT Marine Systems Clarifies Philippine Project and Continues Operations

SRT Marine Systems PLC has addressed recent reports in the Philippine press concerning the IMEMS fisheries project, clarifying that the contract was awarded through a competitive international tender and is now operational. The company assures that its business operations continue unaffected, with support for existing projects and pursuing new opportunities, while legal processes are underway to resolve allegations involving individuals outside of SRT.

SRT Marine Systems Expands Equity with New Share Issuance

SRT Marine Systems PLC has issued 50,000 new ordinary shares following the conversion of employee share options, with an expected admission to trading on AIM by February 7, 2025. This move increases the company’s total ordinary shares to 249,912,656, impacting shareholder voting rights and potentially influencing stakeholder engagement under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.