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Cyba Plc ( (GB:NARF) ) has provided an announcement.
Narf Industries PLC announced interim results for the six months ending 30 September 2024, revealing a revenue decline to $1.18 million due to U.S. government budget delays and a strategic focus on the SocialCyber platform. The company took cost-optimizing measures, such as team restructuring and management salary waivers, to maintain financial stability while securing significant contracts, including a $1.3 million DARPA SocialCyber contract and a pending $5+ million multi-year government contract. With strengthened liquidity and a transition to a higher-value business model, Narf Industries is poised to deliver exceptional value through SocialCyber while maintaining disciplined financial management.
More about Cyba Plc
Narf Industries (LSE: NARF) is a U.S.-based leader in cybersecurity, providing research, solutions, and services primarily to government entities. The company focuses on safeguarding national security and critical infrastructure by addressing evolving cyber threats.
YTD Price Performance: -23.08%
Average Trading Volume: 1,308,122
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £10.18M
See more insights into NARF stock on TipRanks’ Stock Analysis page.
