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The latest update is out from Northcoders Group PLC ( (GB:CODE) ).
Northcoders Group PLC announced that the Department for Education’s contract, which provided £10 million for their bootcamp courses, will not be extended beyond the initial 18-month period. The UK government is shifting to a regional funding model for digital training, with grants allocated to local authorities. Northcoders is actively engaged with stakeholders and is in the final stages of bidding for regional contracts, which could impact the company’s revenue. Despite the transition, Northcoders remains confident in securing regional funding and aligning costs with revenue to meet market expectations.
More about Northcoders Group PLC
Northcoders Group PLC is a leading provider of technology training in the UK, offering courses in Software Engineering, Data Engineering, AI and Machine Learning, and Platform Engineering. Founded in 2015, the company delivers high-quality online training through its NCore technology platform, catering to both individuals and businesses. Northcoders focuses on inclusivity, diversity, and quality, aiming to bridge the digital skills gap in the UK by upskilling and reskilling employees across various sectors.
YTD Price Performance: -47.40%
Average Trading Volume: 4,842
Technical Sentiment Signal: Buy
Current Market Cap: £7.69M
See more data about CODE stock on TipRanks’ Stock Analysis page.