Newmark Security Reports Strong Revenue Growth

Newmark Security (GB:NWT) has released an update.

Newmark Security PLC anticipates robust revenue growth for FY24, surpassing £22 million, driven by strong performances in both the People and Data Management and Physical Security divisions. The company also reports an improved year-end cash position and a promising increase in annualised recurring revenues by 28%, signaling a successful strategy in customer acquisition and service enhancement. These financial advancements, including a decline in net debt, have positioned Newmark for further expansion and opportunities in the upcoming fiscal year.

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