BATM Advanced Communications Ltd - Israel-based provider of technology for networking solutions and medical laboratory systems - Pretax profit is USD1.5 million in 2023, down 23% from USD1.9 million in 2022. Revenue rises 5.8% to USD122.8 million from USD116.1 million, but operating expenses increase by 9.8% to USD38.2 million from USD34.8 million. Looking ahead, BATM says it entered 2024 with positive momentum in its core activities. It plans to focus on these, and a build-up of its sales team to do so contributed to the higher operating expenses last year. It also will explore the sale of secondary businesses. Its Cyber division has a significant backlog to be delivered in the current year and beyond, BATM says.
Current stock price: 19.51 pence, down 4.9% in London on Tuesday
12-month change: down 14%
By Tom Waite, Alliance News editor
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Batm Advanced (BVC)