Business
2022 Preliminary audited results
2022 Preliminary audited results.
About this update from Big Technologies Plc
[{"type":"text","content":"\n \n \n Big Technologies plc\n (\"the Company\" or \"the Group\")\n \n \n \n \n \n Preliminary announcement of the Group's audited results for the year ended 31 December 2022\n \n \n \n \n \n \"\n Continuing to deliver market-leading innovation\"\n \n \n Big Technologies plc (AIM: BIG), the leading, integrated technology platform for the remote monitoring of individuals, is pleased to announce its preliminary audited results for the year ended 31 December 2022.\n \n \n \n \n \n \n \n £m (unless otherwise stated)\n \n \n \n \n \n 2022\n \n \n \n \n 2021\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Revenue\n \n \n \n \n 50.2\n \n \n \n \n 37.6\n \n \n \n \n \n \n Gross margin (%)\n \n \n \n \n 72.5%\n \n \n \n \n 70.8%\n \n \n \n \n \n \n Statutory operating profit\n \n \n \n \n 20.6\n \n \n \n \n 13.8\n \n \n \n \n \n \n Adjusted operating profit*\n \n \n \n \n 27.1\n \n \n \n \n 17.9\n \n \n \n \n \n \n Adjusted EBITDA*\n \n \n \n \n 30.5\n \n \n \n \n 20.6\n \n \n \n \n \n \n Adjusted EBITDA* margin (%)\n \n \n \n \n 60.7%\n \n \n \n \n 54.7%\n \n \n \n \n \n \n Cash generated from operating activities\n \n \n \n \n 25.7\n \n \n \n \n 16.0\n \n \n \n \n \n \n Net cash\n \n \n \n \n 66.8\n \n \n \n \n 48.0\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Pence\n \n \n \n \n \n \n Pence\n \n \n \n \n \n \n \n Adjusted diluted earnings per share*\n \n \n \n \n 8.1p\n \n \n \n \n 5.5p\n \n \n \n \n \n \n Adjusted basic earnings per share*\n \n \n \n \n 8.6p\n \n \n \n \n 5.6p\n \n \n \n \n \n \n Statutory diluted earnings per share\n \n \n \n \n 6.5p\n \n \n \n \n 4.4p\n \n \n \n \n \n \n Statutory basic earnings per share\n \n \n \n \n 6.9p\n \n \n \n \n 4.5p\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n *Before adjusting items and share-based payments\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Financial performance\n \n \n \n \n \n \n \n \n ·\n Revenue increased by 33% in 2022 versus 2021 driven by new contract wins and an increase in revenues earned from existing customers;\n \n \n \n \n \n ·\n Gross margins increased by 170bps to 72.5% ...