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Big Technologies PLC ( (GB:BIG) ) has provided an update.
Big Technologies PLC announced a trading update indicating that its financial performance for the year ended 31 December 2024 was in line with market expectations, despite a decrease in revenue due to the loss of a customer in Colombia. The company’s strategic expansion efforts in the US are yielding new customer wins, contributing to a positive outlook for 2025. While revenue and profitability are expected to remain stable, the company is leveraging its financial flexibility to invest in new technologies and expand in under-represented markets, with confidence in returning to growth supported by favorable industry conditions.
More about Big Technologies PLC
Big Technologies PLC, based in the UK, operates in the remote personal monitoring industry, primarily focusing on the criminal justice market. It provides electronic monitoring solutions through its brand ‘Buddi’, offering highly accurate and reliable hardware and software for real-time tracking of individuals. The company’s products are recognized for their innovative design, cost-effectiveness, and technological superiority, making them a preferred choice in a market driven by the increasing demand for electronic monitoring as an alternative to imprisonment.
YTD Price Performance: -8.33%
Average Trading Volume: 160,452
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £366.8M
For a thorough assessment of BIG stock, go to TipRanks’ Stock Analysis page.
