Big Technologies PLC

BIG

Equity

ISIN GB00BN2TR932 / Valor 112675187

LSE London Stock Exchange, SETS (2024-12-23)

GBP 1.38-1.79%

Big Technologies PLC
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About company

Big Technologies PLC, operating under the Buddi brand, is a leading provider of integrated technology solutions for remote monitoring of individuals, offering state-of-the-art Electronic Monitoring services on a subscription basis. The company's technology is widely used in the health, care services, and criminal justice sectors, providing innovative and high-quality products and services to the remote personal monitoring industry. Big Technologies is known for its flexible technology platform, which includes both hardware and software solutions, under various brand names, with 'Buddi' being the most recognized in the core markets of criminal justice and healthcare.

Summarized from source with an LLMView SourceSector: Business Services

Revenue Growth

Big Technologies PLC reported a 19% increase in revenue for the first half of 2023, reaching £27.3 million compared to £22.9 million in the same period of 2022. This growth was driven by new contract wins in the Asia-Pacific and European regions, as well as increased revenues from existing customers.

Gross Margin Improvement

The gross margin for Big Technologies PLC improved by 190 basis points to 73.3% in H1 2023, up from 71.4% in H1 2022. This increase was attributed to revenue growth and the company's scalable operating model, which allows for more efficient deployment of electronic monitoring devices.

Adjusted EBITDA

Adjusted EBITDA for Big Technologies PLC rose by 17% to £16.1 million in H1 2023, compared to £13.7 million in H1 2022. However, the adjusted EBITDA margin decreased slightly to 59.1% from 60.1%, primarily due to adverse foreign currency movements.

Cash Generation

Big Technologies PLC generated £12.4 million in cash from operating activities during the first half of 2023, up from £11.3 million in H1 2022. The company ended the period with a significant net cash balance of £75.4 million, underpinning a very strong balance sheet.

Earnings Per Share

Adjusted diluted earnings per share for Big Technologies PLC increased to 4.3p in H1 2023, up from 3.7p in H1 2022. Adjusted basic earnings per share also rose to 4.6p from 3.9p, reflecting the underlying profitability of the Group.

Summarized from source with an LLMView Source

Key figures

-21.9%1Y

-57.8%3Y

%5Y

Performance

46.1%1Y

51.6%3Y

53.7%5Y

Volatility