Big Technologies has developed remote monitoring technology which is mainly used in the criminal justice sector and is sold on a subscription basis. This means that it has recurring revenues and contract wins are enabling it to grow rapidly. Big Technologies has never permanently lost a customer.
One of the attractions is the high gross margins of the business, although they have declined in the short-term as the company gears up for further growth. Even so, pre-tax profit is still growing faster than revenues. Like-for-like revenues grew by 60% in the first quarter.
In three days of tr...
