Today's update from PEN provides further evidence for the significant positive shifts we see in the business. Notably, we are highly encouraged by software progress: (1) software sales up 40% YoY, (2) a good spread across one-off and ongoing (long-term) revenues and (3) significant exposure to PEN's long-term US target market as well as Australasia. PEN is responsible for software / integrated product support solutions supplied to a prestigious client-base of OEM's and governments, and the gr ....
02 Aug 2022
WH Ireland: Pennant International (PEN) - H1 update – software strength, gross margin recovery, legacy contract to complete
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WH Ireland: Pennant International (PEN) - H1 update – software strength, gross margin recovery, legacy contract to complete
Pennant International Group plc (PEN:LON) | 28.5 0 0.0% | Mkt Cap: 10.5m
- Published:
02 Aug 2022 -
Author:
Nick Spoliar -
Pages:
4
Today's update from PEN provides further evidence for the significant positive shifts we see in the business. Notably, we are highly encouraged by software progress: (1) software sales up 40% YoY, (2) a good spread across one-off and ongoing (long-term) revenues and (3) significant exposure to PEN's long-term US target market as well as Australasia. PEN is responsible for software / integrated product support solutions supplied to a prestigious client-base of OEM's and governments, and the gr ....