Merit Group (GB:MRIT) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Merit Group PLC anticipates a challenging year with a projected 8% decrease in revenue to £18.5 million and a sharp decline in adjusted EBITDA, influenced by slower-than-expected project conversions in its software and technology division. Despite these setbacks, the company is focusing on enhancing its sales and marketing efforts, aiming to capitalize on the growing demand for data-related technologies and return to profitability by 2026. The management remains optimistic about long-term growth prospects.
For further insights into GB:MRIT stock, check out TipRanks’ Stock Analysis page.
