Recurring revenues growth accelerates at Windward

Maritime AI technology services provider Windward (LON: WNWD) reduced its loss last year and could move into profit before the end of 2024. The annual contract value already underpins most of the revenues forecast for this year.

Windward started 2023 with an annual contract value of $25.5m. The full year revenues were $28.3m, up from $21.6m. All R&D is written off as it occurs, and the cash outflow from operating activities was reduced from $14.6m to $3.29m. That left $17.3m in the bank....

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