Gattaca PLC (AIM:GATC) CEO Matthew Wragg speaks to Thomas Warner from Proactive about how the STEM-focused talent solutions company has been performing during a challenging period in the market.
Wragg discusses the final results for the year ending in July, highlighting a Profit Before Tax of £2.6 million which marginally exceeding expectations. This positive trajectory comes within the context of a sluggish market, especially in permanent placements, which experienced a slowdown.
He expresses optimism about Gattaca's direction, emphasising the internal changes and improvements made over the last 18 months. He noted that the company's focus on STEM skills helps add to its resilience.
The conversation also touched on Gattaca's recent decision to relaunch its share buyback. Wragg outlined the rationale behind the move, citing a healthy cash position.
Looking ahead, Wragg emphasises the importance of rebuilding corporate memory and fostering a positive environment for success and says he's focused on "rebuilding the business in a really sustainable way."