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Big Technologies delivers 'robust performance' in 2021

By Iain Gilbert

Date: Monday 24 Jan 2022

Big Technologies delivers 'robust performance' in 2021

(Sharecast News) - People monitoring technology firm Big Technologies said on Monday that it had continued to deliver "a robust performance" in 2021 as it continued to win new customers, underpinning its revenue forecast for 2022.
Big Technologies stated full-year revenues were expected to be at least £36.5m, up from £29.6m in the prior year, and adjusted underlying earnings were forecast to be slightly ahead of current market expectations at approximately £20.2m - up from £15.7m.

The AIM-listed group added that looking forward to 2022, it expects to deliver year-on-year revenue growth at a similar growth rate to that experienced in 2021 and a further increase in its adjusted EBITDA margin.

Chief executive Sara Murray said: "Big Technologies expects to deliver a strong performance for 2021 and beyond. Our business model is one of long-term partnership with our customers and has proven to be extremely resilient.

"Following our successful IPO in July 2021, we have the financial resources to continue to increase our investment in our market-leading technology solutions and grow our footprint both organically and through acquisition. We remain confident about our prospects for the coming year and beyond to continue to develop our company and our innovative technologies."

As of 1025 GMT, Big Technologies shares were down 0.73% at 304.25p.

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