Shares in Big Technologies PLC (AIM:BIG) fell 10% this Wednesday in response to the ‘buddi’ monitoring-solutions parent company’s half-year trading update.
Group revenue of £26.5 million was down 3% from the first half of 2023 due to the loss of a criminal justice contract in Colombia.
Adjusted EBITDA fell from £16.1 million to £14.3 million, while gross margins were also squeezed tighter.
Big Technologies shares are now more than 50% lower year to date at 94.4p.