An update from K3 Business Technology ( (GB:KBT) ) is now available.
K3 Business Technology Group PLC reported a challenging year with a significant decrease in revenue from continuing operations, primarily due to reduced activity at Global Accounts. Despite this, the company managed to improve its adjusted operating loss and maintain strong financial discipline. The sale of NexSys Solutions Limited for £36.0m was a key highlight, allowing the company to plan a substantial return of cash to shareholders. The ongoing operations are expected to achieve cash breakeven by the end of February 2025, aligning with management expectations.
More about K3 Business Technology
K3 Business Technology Group PLC is a provider of business-critical software solutions with a focus on fashion and apparel brands.
YTD Price Performance: 29.75%
Average Trading Volume: 13,629
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £45.8M
See more data about KBT stock on TipRanks’ Stock Analysis page.