Business
Half-year Report
Half-year Report.
About this update from Big Technologies Plc
[{"type":"text","content":"\n\n This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.\n \nBig Technologies PLC (\"the Company\" or \"the Group\")\n \nUnaudited interim results for the six months ended 30 June 2023\n \nBig Technologies PLC (AIM: BIG), the leading, integrated technology platform for the remote monitoring of individuals, is pleased to announce its interim results for the six-month period to 30 June 2023 (the \"period\").\n\n\n\n\n£m (unless otherwise stated)\n\n\nH1 2023\n\n\nH1 2022\n\n\nFY 2022\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue\n\n\n27.3\n\n\n22.9\n\n\n50.2\n\n\n\n\nGross margin (%)\n\n\n73.3%\n\n\n71.4%\n\n\n72.5%\n\n\n\n\nStatutory operating profit\n\n\n8.2\n\n\n8.8\n\n\n20.6\n\n\n\n\nAdjusted operating profit1\n\n\n13.9\n\n\n12.1\n\n\n27.1\n\n\n\n\nAdjusted EBITDA2\n\n\n16.1\n\n\n13.7\n\n\n30.5\n\n\n\n\nAdjusted EBITDA2 margin (%)\n\n\n59.1%\n\n\n60.1%\n\n\n60.7%\n\n\n\n\nCash generated from operating activities\n\n\n12.4\n\n\n11.3\n\n\n25.7\n\n\n\n\nNet cash\n\n\n75.4\n\n\n56.9\n\n\n66.8\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPence\n\n\nPence\n\n\nPence\n\n\n\n\nAdjusted diluted earnings per share3\n\n\n4.3p\n\n\n3.7p\n\n\n8.1p\n\n\n\n\nAdjusted basic earnings per share3\n\n\n4.6p\n\n\n3.9p\n\n\n8.6p\n\n\n\n\nStatutory diluted earnings per share\n\n\n2.9p\n\n\n3.0p\n\n\n6.5p\n\n\n\n\nStatutory basic earnings per share\n\n\n3.1p\n\n\n3.1p\n\n\n6.9p\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\n1Before share-based payments charge and amortisation of acquired intangibles.2Before share-based payments charge. 3Before share-based payments charge, amortisation of acquired intangibles and the tax effect of these adjusting items.\n \nA reconciliation to statutory measures is presented in the notes to the unaudited interim results.\n\n\n\n\n \n \nFinancial highlights\n \n· Revenue increased by 19% in H1 2023 driven by new contract wins and an increase in revenues earned from existing customers;\n \n· Gross margin increased by 190 bps to 73.3% in H1 2023 as a result ...