(Alliance News) - GRC International Group PLC on Tuesday said it expects to report a swing to loss in its most recently ended financial year.
The cyber security company expects annual revenue of GBP15.8 million and a loss before tax, exceptional items and share based payments of GBP5.1 million.
The underlying loss before interest, taxes, depreciation, and amortization is expected to total GBP4.3 million.
For the year to the end of March 2018, GRC posted revenue of GBP15.7 million, underlying Ebitda of GBP1.7 million.
The AIM-listed company named its financial 2019 as a year of "significant" investment in new business areas and geographies which impacted its short-term profitability.
Within the final quarter of its financial 2019, GRC said it saw a return to positive Ebitda and positive cash generation as the benefits of these investments came through.
GRC shares were untraded on Tuesday in London, last closing at 55.00 pence each. The company will publish its annual results on July 22.
Grc Intl (GRC)