Newmark Security wraps up strong year as positive momentum continues

Proactive - Interviews for investors

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. #NewmarkSecurity, #MarieClaireDwek, #FinancialResults, #SecuritySystems, #HumanCapitalManagement, #PhysicalSecurity, #RevenueGrowth, #EBITDA, #CashFlow, #UKBusiness, #USExpansion, #TechnologySecurity, #ElectronicSoftware, #SecuritySolutions, #BusinessGrowth, #FinancialPerformance, #CorporateNews, #IndustryLeaders, #SecurityIndustry, #InvestmentOpportunity #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews