Newmark Security wraps up strong year as positive momentum continues
–News Direct–
Newmark Security PLC CEO Marie-Claire Dwek takes Proactive's Stephen Gunnion through the company's trading update for the year to 30 April 2024 following a strong second-half performance.
The UK-based firm, specialising in electronic software and security systems, has observed a positive revenue trajectory, reaching over 22 million. This increase was complemented by significant improvements in EBIT, EBITDA, and cash flow figures, with year-end cash rising to 1.1 million from 600,000 in the previous year. Growth was recorded across both divisionsPeople and Data Management and Physical Securitywith Human Capital Management (HCM) posting a 28% increase in recurring revenues to 2.9 million for the year.
Dwek highlighted the company's expansion in the US...