BATM Advanced Communications (LON: BVC) reported flat interim revenues due to lower revenues from networking technology, but the outlook is more positive.
Cyber and diagnostics revenues grew, while networking revenues fell from $11.6m to $6m. New orders are being won in the networking division and there should be an improved second half. A new deal with Amazon should boost next year’s revenues.
In the six months to June 2024, revenues dipped from $60.2m to $60m, while pre-tax profit improved from $726,000 to $788,000. This was helped by the revaluation of a liability that reduced the to...
