Petards reports its audited results for the year ended 31 December 2022. Despite the challenging market conditions particularly in the rail industry, the Group generated profits and cash from operations. Revenue was £10.9m, including recurring revenues from licencing, maintenance, support, spares, engineering support and similar activities which was up 11% to around £5m. With operational efficiencies and higher recurring revenues, the gross margin in 2022 increased to 51.0% from 44.9% in 2021. A ....
09 May 2023
Hybridan Research: 09/05/2023: Petards Group PLC (PEG.L): Cash resources for organic growth
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Hybridan Research: 09/05/2023: Petards Group PLC (PEG.L): Cash resources for organic growth
Petards Group plc (PEG:LON) | 7.8 0 0.0% | Mkt Cap: 4.38m
- Published:
09 May 2023 -
Author:
Emily Liu -
Pages:
9
Petards reports its audited results for the year ended 31 December 2022. Despite the challenging market conditions particularly in the rail industry, the Group generated profits and cash from operations. Revenue was £10.9m, including recurring revenues from licencing, maintenance, support, spares, engineering support and similar activities which was up 11% to around £5m. With operational efficiencies and higher recurring revenues, the gross margin in 2022 increased to 51.0% from 44.9% in 2021. A ....