Getech has released a trading update for the 12-months to December 2022. Revenues for the period increased to £5.0m, up 16% YoY and ahead of our forecast (£4.8m). Revenue growth has been driven by the signing of over 100 new contracts in 2022 with a total value of £6.5m. This growth expanded Getech's orderbook to a record year-end position of £4.6m, up 39% YoY, positioning the Company well for the year ahead. Getech finished 2022 with a strong cash position of £4.3m, having held its cash balance ....
02 Feb 2023
Cenkos: Getech Group Plc -- Double-Digit Growth
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Cenkos: Getech Group Plc -- Double-Digit Growth
GETECH Group plc (GTC:LON) | 8.2 0 0.0% | Mkt Cap: 5.57m
- Published:
02 Feb 2023 -
Author:
James McCormack -
Pages:
8
Getech has released a trading update for the 12-months to December 2022. Revenues for the period increased to £5.0m, up 16% YoY and ahead of our forecast (£4.8m). Revenue growth has been driven by the signing of over 100 new contracts in 2022 with a total value of £6.5m. This growth expanded Getech's orderbook to a record year-end position of £4.6m, up 39% YoY, positioning the Company well for the year ahead. Getech finished 2022 with a strong cash position of £4.3m, having held its cash balance ....