Pebble Beach Systems ( (GB:PEB) ) has provided an update.
Pebble Beach Systems announced its 2024 trading and business strategy updates, indicating a challenging market environment, with a slight decrease in project orders due to delays in the adoption of IP technology. Despite this, the company expects a rise in recurring revenues and improved revenue visibility. The company plans to scale back R&D on its PRIMA platform, focusing on core capabilities to reduce costs and enhance cash inflows. This strategy aims to provide increased growth options and improve shareholder returns, by balancing debt reduction with potential M&A investments.
More about Pebble Beach Systems
Pebble Beach Systems is a global leader in the broadcast and streaming service markets, specializing in designing and delivering automation, integrated channel, and virtualized playout solutions. The company offers scalable products for applications of all sizes and has commissioned systems in over 70 countries, with approximately 2000 channels currently on air under their control.
YTD Price Performance: -2.50%
Average Trading Volume: 57,763
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £12.62M
For detailed information about PEB stock, go to TipRanks’ Stock Analysis page.