Newmark Security wraps up strong year as positive momentum continues

–News Direct–

Newmark Security PLC CEO Marie-Claire Dwek takes Proactive's Stephen Gunnion through the company's trading update for the year to 30 April 2024 following a strong second-half performance.

The UK-based firm, specialising in electronic software and security systems, has observed a positive revenue trajectory, reaching over £22 million. This increase was complemented by significant improvements in EBIT, EBITDA, and cash flow figures, with year-end cash rising to £1.1 million from £600,000 in the previous year. Growth was recorded across both divisions—People and Data Management and Physical Security—with Human Capital Management (HCM) posting a 28% increase in recurring revenues to £2.9 million for the year.

Dwek highlighted the company's expansion in the US market, including setting up a US headquarters and internalising logistics operations, which has enhanced service responsiveness and operational efficiency.

Looking ahead, Dwek remains optimistic about the new financial year, pointing to a strong sales pipeline with potential in both hardware and software, indicating a continued upward trend in growth and expansion for Newmark Security.

Contact Details

Proactive UK Ltd

+44 20 7989 0813

uk@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/newmark-security-wraps-up-strong-year-as-positive-momentum-continues-908383416