Pebble Beach Systems Group PLC - Weybridge, England-based firm provides content management software for broadcasters and video streaming services - Expects to report 2022 results in line with market expectations, estimating revenue to reach about GBP11.2 million, up from GBP10.6 million last year. Adjusted earnings before interest, tax, depreciation and amortisation is expected to reach about GBP3.3 million, up slightly from GBP3.2 million.

"As expected, the business environment has opened up again with positive engagements at trade shows in the second half of the year leading to an improvement to orders in [the second half] of 2022," Pebble Beach explains. Looking ahead, says confident about its future.

In September, Pebble Beach had said revenue for the six months to June 30 was up 2.0% to GBP5.0 million from GBP4.9 million a year earlier. Pretax profit, however, was 72% lower at GBP278,000 from GBP1.0 million after GBP257,000 of non-recurring costs.

Current stock price: 8.27 pence, up 3.4% on Tuesday morning in London

12-month change: down 30%

By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.