Petards Group plc

PEG

GB00B4YL8F73

Communications & Networking

Market Closed - London S.E. Other stock markets 11:35:20 2024-04-26 am EDT			5-day change	1st Jan Change
7.75 ^GBX	0.00%		0.00%	+98.72%

Feb. 19	Petards Group Unit Bags Contract for Police Vehicle Camera System in UK	MT
Feb. 19	AIM WINNERS & LOSERS: Petards wins contract; Atome raises funds	AN

Petards says annual results to fall short of expectations

January 25, 2024 at 07:14 am EST

(Alliance News) - Petards Group PLC on Thursday warned its trading in 2023 is likely to be below its expectations.

Petards is a London-based technology company that develops security and surveillance applications, focussing on rail, traffic, and defence.

It expects to report revenue of GBP9.4 million, falling by 14% from GBP10.9 million a year ago.The figure is about 3% lower than market expectations, Petards said.

More positively, the firm said it expects gross profit margin to be slightly above the 47.3% reported in its interim results. In 2022, gross profit margin was 51.0%.

Looking ahead, Petards said it is confident of taking advantage of opportunities and delivering improved trading in 2024.

Shares in Petards fell 3.9% to 3.75 pence each in London on Thursday afternoon.

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Petards Group plc

Petards Group Unit Bags Contract for Police Vehicle Camera System in UK	Feb. 19	MT
AIM WINNERS & LOSERS: Petards wins contract; Atome raises funds	Feb. 19	AN
Petards shares surge on GBP350,000 contract win	Feb. 19	AN
Petards shares jump after securing key contract extension	Feb. 14	AN
Petards Group Unit Secures Contract Extension for Incident Management System	Feb. 14	MT
Petards Group Unit Wins New Order for Harrier AI ANPR Cameras	Jan. 30	MT
AIM WINNERS & LOSERS: Petards up on contract; Argentex profit falls	Jan. 30	AN
Petards touts GBP400,000 camera order for subsidiary, QRO Solutions	Jan. 30	AN
Petards says annual results to fall short of expectations	Jan. 25	AN
AIM WINNERS & LOSERS: Helium One drilling finds elevated helium shows	Jan. 25	AN
Petards Group plc Announces Board Changes	Dec. 19	CI
Petards Announces Appointment of Geraint Davies, as an Independent Non-Executive Director	Nov. 22	CI
EARNINGS: Andrews Sykes revenue up; Safestay optimistic	23-09-26	AN
Earnings Flash (PEG.L) PETARDS GROUP Reports H1 Revenue GBP4.4M	23-09-26	MT
Earnings Flash (PEG.L) PETARDS GROUP Posts H1 Loss GBX-0.53	23-09-26	MT
Petards Group plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-26	CI
Petards Group Seeks Acquisitions	23-09-26	CI
FTSE 100 Closes Down Dragged by Property Stocks; IAG Shines	23-05-09	DJ
Petards predicts future growth despite disruptive railway conditions	23-05-09	AN
UK Home Builders Drop as House Prices Fall in April	23-05-09	DJ
BOE Could Begin to Cautiously Cut Rates in 4Q	23-05-09	DJ
FTSE 100 Falls After Weaker UK House Price Data	23-05-09	DJ
Petards Group plc Reports Earnings Results for the Full Year Ended December 31, 2022	23-05-09	CI
Petards Group plc Appoints of John Wakefield as an Independent Non-Executive Director, Chair of the Nominations Committee, Member of Audit and Remuneration Committees	23-02-01	CI
Earnings Flash (PEG.L) PETARDS GROUP Reports H1 Revenue GBP5.5M	22-09-15	MT

Petards Group plc is focused on the development, supply and maintenance of technologies used in advanced security, surveillance, and ruggedized electronic applications. It operates across three sectors: rail, traffic, and defense. It offers software driven video and other sensing systems for on-train applications sold under the eyeTrain brand to global train builders, integrators and rail operators, and Web-based real-time safety critical integrated software applications supporting the United Kingdom rail network infrastructure sold under the RTS brand. It offers automatic number plate recognition (ANPR) systems for lane and speed enforcement and other applications, and United Kingdom Home Office approved mobile speed enforcement systems, sold under the QRO and ProVida brands. It offers engineering services relating to electronic countermeasure protection systems, threat simulation systems and mobile radio systems and other defense related engineering equipment.

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Communications & Networking

Calendar

2024-09-18 - Q2 2024 Earnings Release (Projected)

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Sector Security & Surveillance

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Security & Surveillance

Petards Group plc

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PEG

GB00B4YL8F73

Communications & Networking

Petards says annual results to fall short of expectations

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Sector Security & Surveillance