Newmark Security wraps up strong year as positive momentum continues
London, UK
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May 17, 2024 03:00 AM Eastern Daylight Time
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.
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