Shares in Pebble Beach Systems Group PLC surged 25% after it said its 2023 performance was ahead of market forecasts.
The company, specialising in playout automation, content management, and IP control solutions for broadcast and streaming services, said it expects to announce revenues of £12.4 million for the period, a notable increase from £11.2 million in FY22.
This growth includes a 13% increase in recurring revenue, reaching around £5.2 million.
Adjusted EBITDA is projected to rise from £3.3 million in FY22 to about £3.8 million.
The stock jumped 2p to 10.29p.