Shearwater Group PLC (AIM:SWG) gave its shareholders something to cheer about as the cyber and digital security group said trading in recent months had been much better than expected.
“A number of the delayed contracts have now been received and revenues in the first quarter exceed levels for the comparable period last year,” it said in a statement.
Software arm business is also picking up, it added, while it expects finally to publish final results for the year to 31 March 2023 on 5 September.
The delay in timing is due to completion of the audit process, Shearwater said.
Shares rose 7.5p or 19% to 46.5p.