Big Technologies PLC AGM Statement (2337A)
May 23 2023 - 1:00AM
UK Regulatory
TIDMBIG
RNS Number : 2337A
Big Technologies PLC
23 May 2023
23 May 2023
Big Technologies plc
("Big Technologies" or the "Company" and the "Group")
AGM Statement
Big Technologies plc, the UK-based, remote people monitoring
technology company provides the following trading update ahead of
its Annual General Meeting ("AGM") in London later today.
At the meeting, Simon Collins, Chair of Big Technologies plc
will make the following statement:
"Since the announcement of our full year results, the Board is
pleased to report that the Group continues to grow its revenues and
that performance over the first four months of 2023 has been in
line with expectations.
The pipeline of future opportunities remains strong and the
Board is confident of continued growth and cash generation for the
year ahead.
In the four months ending April 2023, we have recorded unaudited
consolidated revenue of GBP18.5 million, an increase of 33% versus
the same period in 2022. This performance, coupled with good
visibility into the second half of the year, leads to our
expectations for 2023 being unchanged and the Board remains
confident of delivering results in line with current market
expectations(1) .
Our products and technology deliver benefits for society across
the globe. In the criminal justice sector our products facilitate a
shift towards rehabilitative community-based sentencing which
reduces recidivism and keep communities safer. In the remote care
sector our technology helps people live happier, healthier and more
independent lives.
Market drivers for continued growth across both sectors remains
strong. With our clear strategy and market-leading products, we are
well positioned for growth and continued cash generation during
2023 and beyond."
(1) Latest company compiled view of market expectations show
adjusted EBITDA of GBP32.7 million to GBP34.7 million (stated
before share-based payments).
For further information please contact:
+44 (0) 19 2360
Big Technologies 1910
Sara Murray (Chief Executive Officer)
Daren Morris (Chief Financial Officer)
+44 (0) 20 3829
Zeus (Nominated Adviser and Sole Broker) 5000
Jamie Peel / Dan Bate / Kieran Russell (Investment
Banking)
Benjamin Robertson (Equity Capital Markets)
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END
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