K3 Business Technology (GB:KBT) has released an update.
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K3 Business Technology Group reports a decline in revenue for H1 2024 to £15.5m from £20.3m in H1 2023, despite an improved gross margin of 64% and a reduction in adjusted operating loss to £1.2m. The company saw strong net cash at £2.0m and is focusing on H2 performance, with expectations to align with the Board’s financial targets. New appointments to the board and a positive outlook on software license and maintenance renewals in Q4 aim to drive future shareholder value.
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