Newmark Security Share Discussion Threads

[hedgehog 100] 06/2/2023 13:24

A turnover figures breakdown for Grosvenor Technology, NWT's Human Capital Management (HCM) and access control subsidiary:-

• Turnover £14.559M. in year ended 30.4.22: £7.129 H1, £7.43M. H2.
- Of which £8.726M. is North American HCM: £4.209M. H1, £4.517M. H2.

• Turnover £8.415M. in half year ended 30.10.22.
- Of which £4.875M. is North American HCM.

So GT looks well on course to exceed £10M. in North American HCM revenues in its current year, ending 30.4.23, with perhaps c. £18M. total GT revenue.

With NWT's Safetell subsidiary revenues adding a further c. £4.5 - £5M., to give perhaps c. £22.5 - £23M. of NWT Group revenues for the year ending 30.4.23.

[hedgehog 100] 05/2/2023 12:06

Britain's reputation for quality products is well-deserved, and Grosvenor Technology is shrewdly using this as one of its sales points.

Which looks to be serving GT well in its US expansion, where is is achieving some handsome success.

Or should I say some 'Hanson' success:-
"A company from here doing rather well over there."




"Why Grosvenor

Assured Quality & Security

Our commitment to producing high-spec products matches our dedication to security, as reflected by our ISO 27001 certification.

British Manufacturer

Our products are developed here in the UK, so you can be assured of our commitment to quality.

Resilient Products

Designed to withstand high-footfall, always-on environments, you can rely on the longevity of our solutions.

Expertise Where It Counts

The vast experience of the team means that our products are proactively developed with security at the forefront.

Support When You Need It

From hands-on training to on-site tech support, with Grosvenor Technology your business is safe with us.

Part Of Your Team

Working alongside you means that we can adapt and tailor our products to suit your environment and industry. We know that by working together, we can create a secure tomorrow."

[hedgehog 100] 04/2/2023 13:53

Grosvenor Technology, NWT's Human Capital Management (HCM) and access control subsidiary, reported turnover of £14.559M. last year, and growing strongly; its H1 turnover this year is £8.415M., of which £4.875M. is North American.

In comparison, Paycor reported turnover of US$429.39M. last year, and has a current market cap. of US$4,607.43 billion, at US$26.20/share: i.e. a sales multiple valuation of 10.73, despite making significant losses:-


This gives some indication of the hefty valuation that a Grosvenor Technology spin-out from NWT could potentially command in a US float.

[hedgehog 100] 04/2/2023 11:51

Paycor is growing like gangbusters at the moment, which is clearly hugely positive for the continued strong growth of Grosvenor Technology in North America:-


"Paycor Announces Fourth Quarter and Fiscal Year 2022 Financial Results

August 23, 2022 at 4:15 PM EDT

• Q4 Total revenue of $111.0 million, an increase of 26% year-over-year, with expanding margins

• FY’22 Total revenue of $429.4 million, an increase of 22% year-over-year

• FY’23 revenue guidance of $510-$516 million, an increase of 20% year-over-year at the top end of the range

CINCINNATI, Aug. 23, 2022 (GLOBE NEWSWIRE) -- Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of human capital management (“HCM”) software, today announced financial results for the fourth quarter and full fiscal year 2022, which ended June 30, 2022.

“We completed our first year as a public company with accelerated revenue growth of 26% for the quarter and 22% for the year,” said Raul Villar, Jr., Chief Executive Officer of Paycor. “Our strategy of designing technology for leaders, configuring by industry, and providing the most open HCM platform is driving revenue growth to the highest levels on recent record. I am incredibly proud of our associates’ exceptional execution against our strategic growth initiatives as we increased sales headcount by 23% and expanded PEPM by 8% this year. We are in great position to continue capturing market share as the multi-billion-dollar HCM market shifts to the cloud.”

“We are excited about the operational performance across the business, accelerating revenue growth above 20% while expanding margins and driving free cash flow during the fourth quarter,” stated Adam Ante, Chief Financial Officer of Paycor. “We continue to invest in our HCM platform and expand our go-to-market team to deliver strong, profitable growth.” ..."




"Paycor Announces First Quarter Fiscal Year 2023 Financial Results

November 2, 2022 at 4:15 PM EDT

• Q1 Total revenue of $118.3 million, an increase of 28% year-over-year, while delivering increased profitability

• Q1 Recurring revenue of $114.2 million, an increase of 24% year-over-year, driven by continued strong demand

• Raises FY’23 revenue guidance to $528-$534 million, an increase of 24% year-over-year at the top end of the range

CINCINNATI, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of human capital management (“HCM”) software, today announced financial results for the first quarter fiscal year 2023, which ended September 30, 2022.

“Paycor posted robust revenue growth of 28% year-over-year, driven by strong new client growth, cross-sales, and continued PEPM expansion,” said Raul Villar, Jr., Chief Executive Officer of Paycor. “The combination of our effective go-to-market motion and on-going scale enabled us to expand adjusted operating income margins by over 500 basis points compared to last year. Demand remains strong for modern cloud solutions and our differentiated value proposition – built for leaders and configured by industry – continues to resonate in the market.”

“We are thrilled to have acquired Talenya’s intelligent candidate sourcing technology to further enhance our industry-leading talent solution and deliver on our mission to empower leaders to build winning teams. This acquisition builds on our successful track record of rapidly integrating best-in-class point solutions that provide a competitive advantage and expand our PEPM opportunity.” ..."

[hedgehog 100] 04/2/2023 11:34

Paycor looks like another top partner for NWT to have:-


"HCM Solutions

Paycor Empowers Leaders to Build Winning Teams

Leaders drive engagement and engagement drives results. That's why Paycor builds HR software for the leaders and frontline managers everyone depends on."




"Corporate Profile

Paycor’s human capital management (HCM) platform modernizes every aspect of people management, from recruiting, onboarding and payroll to career development and retention, but what really sets us apart is our focus on leaders. For more than 30 years we’ve been listening to and partnering with leaders, so we know what they need: a unified HR platform, easy integration with third party apps, powerful analytics, talent development tools, and configurable technology that supports specific industry needs. That’s why more than 29,000 customers trust Paycor to help them solve problems and achieve their goals."




"Paycor Headquarters + Locations

Paycor serves customers from sales offices and support centers throughout the country."

[hedgehog 100] 04/2/2023 10:07

Another useful article from the website of Grosvenor Technology, NWT's Human Capital Management (HCM) and access control subsidiary:-

"Insights | Human Capital Management

Paycor & Grosvenor Technology: A Powerful Pair

Paycor’s Product Manager, David Goodwin, explains why they selected Grosvenor Technology as their hardware provider

Ben Lagden
Commercial Director

As a market leader in HCM software, Paycor needed a hardware partner that would match their quality and commitment to delivering an exceptional customer experience. Grosvenor Technology demonstrated that they could not only supply durable terminals but also offer a complete solution of GT Services and customised development that unifies Paycor’s seamless solution to its customers.

We asked Paycor Product Manager David Goodwin why they selected Grosvenor Technology as their hardware provider:

“GT Services has helped the most with their ability to link to our clients’ clocks remotely and diagnose any issues. We have clients all over the country, so we can’t always send someone out to look over a problem. Now, we can resolve any issues more efficiently and with less disruption to our clients.

Often there are times the HR team or administrators aren’t familiar with the technology, so when it comes to technical things like the configuration of a clock, we get them to connect it to their network, turn on Assist IT and we do the rest.

And when it comes to work orders, we’ve been able to solve the majority remotely by retrieving the logs and diagnostics, and reviewing the settings on the clock. Our clients love the fact that they don’t have to sit around and wait for an on-site visit to fix a problem. They can get on with their day while we figure it out without them having to touch it.

With the support, if there’s a bug or issue that we [Paycor] can’t resolve ourselves, the GT team can jump in and look at the clock to provide a diagnosis.

One of the best things to come from GT’s support is the quick reaction to bugs we’ve identified in the software. For example, we had an issue with our GT4. The clocks would just crash and lose connection to our IoT hub. The team identified it and passed it on to the development team. The development team found the code causing it, fixed it and released a new version.

We’ve also found it helpful that the GT team is willing to get on the phone with our clients if necessary. We have even shipped badges to the UK to have people figure out their bitstreams – it allows us to utilise them more as a partner versus a vendor.

In addition to problem solving, GT Services allows us to provide one-off configurations for our clients. We have a UI that allows our clients to control what function keys are on their clock, punches, and transfers. But if someone needs a slightly different configuration to read a different badge, or they need us to strip the numbers off the front, we can go in using GT Services and modify their individual clock. With our other vendors, we don’t have that function. This really allowed us to diversify how we serve our clients so we can meet a more specific need.

The Grosvenor Technology team is an amazing partner. The collaboration and communication as we worked on the development of our software was great.

We chose Grosvenor Technology because the hardware was sound. We can rely on the quality and the way it interacts with our system. The team built something unique, based on our preferences. For example, the clocks were not originally supposed to connect through an IoT hub, but we felt that an IoT hub was the best way for our clocks to communicate and share data. The GT team brought that capability forward by almost an entire development year, to jump into IoT, and it definitely seems to work.”

If you are looking for a HCM partner, discover the ways in which we can support your business and its customers by getting in touch with a member of the GT team today."

[hedgehog 100] 03/2/2023 11:30

"Programme for Monday 6th February 2023, 5pm – 9pm
5.00 pm Stephen English: Twinkle, Twinkle, small cap stars
5.40 pm Company presentation by Newmark Security ..."



NWT's presentation on Monday will now immediately follow the keynote address from Stephen English, which looks a perfect preface to highlight two more general NWT attractions:-

1. NWT being a play on the expected small-cap out-performance compared to large caps over the coming decade.

2. NWT being a little-known share that was bypassed by the 'everything bubble', retaining its 'deep value'.


Perhaps this was why NWT's presentation was moved up the running order, to be the first company presentation, ahead of IPX and I3E rather than after them.

[hedgehog 100] 03/2/2023 09:20

So that's three NWT investor presentations this month lined up:-

1. Monday 6th. February 2023: MelloMonday:-
"5.40 pm Company presentation by Newmark Security"


2. Wednesday 8th. February 2023: Investor Meet Company platform:-


3. Tuesday 28th. February 2023: Proactive One2One Investor Forum:-


As well as the separate AGM earlier on 28th. February.


NWT's board need to be commended upon their efforts, and the timing could hardly be better.

With about two thousand companies listed on the London Stock Exchange, it's easy to get overlooked - especially for smaller companies.

So this looks like the perfect coming together of an overlooked 'story', with investors searching for something special.

[hedgehog 100] 03/2/2023 08:49

03/02/2023 07:24 RNS Non-Regulatory Newmark Security PLC Investor Presentation LSE:NWT Newmark Security Plc

Newmark Security plc (AIM: NWT), a leading provider of electronic and physical security systems, is pleased to announce that Marie-Claire Dwek (CEO) and Paul Campbell-White (CFO) will provide a live presentation relating to the company's recently announced Full Year and Interim Results via the Investor Meet Company platform on 8th Feb 2023 at 10:00am GMT.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Newmark Security plc via:

hxxps://www.investormeetcompany.com/newmark-security-plc/register-investor

Investors who already follow Newmark Security plc on the Investor Meet Company platform will automatically be invited.

Newmark Security Plc Tel: [phone]
Marie-Claire Dwek, Chief Executive Officer 0070
Paul Campbell-White, Chief Financial www.newmarksecurity.com
Officer
Allenby Capital Limited (Nominated Tel: [phone]
Adviser and Broker) 5656
James Reeve / Lauren Wright (Corporate
Finance)
Amrit Nahal (Sales & Broking)

About Newmark Security plc

Newmark is a leading provider of electronic, software and physical security systems that helps organisations protect human capital and provide safe spaces seamlessly and securely.

From our locations in the UK and US, we operate through subsidiary businesses positioned in specialist, high-growth markets.

We foster an open and inclusive work environment amongst our c.100 employees, serving hundreds of blue-chip customers.

Our product portfolio consists of Human Capital Management and Access Control Systems providing both hardware and software and physical security installations to various sectors.

Newmark Security plc is admitted to trading on AIM (AIM: NWT).

For more information, please visit: hxxps://newmarksecurity.com/

[hedgehog 100] 02/2/2023 12:40

NWT seem to be VERY confident of the future, and with good justification, but are also delivering NOW, which is the ideal combination.

It's taken years of hefty investment into R&D to get them into this admirable position, which has now helped to give them a significant competitive edge which would be hard to match.

NWT has clearly been transformed, and they needed to be applauded for their strategic vision and insight.

The next step will be to further promote market awareness of this hugely impressive metamorphosis, and the investor presentations this month (on 6th. February and 28th. February) should be a good start.


23/01/2023 07:00 UK Regulatory (RNS & others) Newmark Security PLC Final Results LSE:NWT Newmark Security Plc

" ... Maurice Dwek, Chairman of Newmark, commented: "Despite the macro challenges of the year, Newmark continued to grow and deliver against its strategic priorities. Our business model is now more resilient as our product initiatives have been carefully designed to increase recurring income, whilst leveraging our positioning to capture the industry's dynamic growth.

"Through our new solutions, customers will gain the capability to enable and connect a broad range of internet-enabled devices securely in the cloud with unified software control - creating a trusted ecosystem in the workplace.

"Our innovative complete product offering, combined with our strategic initiatives for global expansion, enhanced partnerships and efficient management of our key resources will transform our business and enable sustainable growth." ...

Chief Executive Officer's Review

... In an increasingly risk-aware enterprise environment, we have been working hard to broaden our reach and reputation as a trusted security partner, becoming a go-to brand for customers who are seeking this control to simplify the growing complexity of security and compliance requirements in the intersection between physical and digital worlds.

Our strategic focus and approach are opening a substantial market opportunity in which we now occupy a commanding position with key strategic partners. Our aim is to scale this model across an expanded partnership channel, matching this drive with speed of execution to secure greater market share. Converting our hard-earned competitive advantage will take time and we will continue to invest in people and infrastructure to drive business growth as we pursue an ambitious and achievable 2025 market strategy with a strong will to win.

Marie-Claire Dwek Chief Executive Officer

23 January 2023 ..."

[hedgehog 100] 01/2/2023 18:16

SaaS (software as a service) revenues tend to be very highly valued, especially when combined with other positive traits, as set out in the article below.

"SaaS Valuation: How to Value a SaaS Company in 2023

By SaaS Academy ...

The Valuation Formula: How is SaaS valuation calculated? ...

The metrics involved are:
● ARR (business size)
● Growth rate (momentum)
● Net revenue retention (product quality)
● Gross margin (profitability)

The formula is:

Valuation = ARR x Growth Rate x NRR x 10.

Once you have this number, you adjust it based on the gross margin.

Let's use an example to make it easy to understand.

A SaaS business has an ARR of $7m. Their growth rate is a steady 55%, with an excellent NRR of 115%. Plugging that into the valuation formula gets us:

Valuation = (7 x 55 x 115 x 10). This implies a valuation of $44m or x6.3.

But remember, we need to adjust for gross margin. We can calculate gross margin as (Revenue minus Cost of Goods Sold) / Revenue.

So, if revenues were $7m and costs were $1, we have (7 - 1) / 7 = A gross margin of 86%.

This figure is above the average SaaS growth margin of 75%, which means we can increase our valuation multiplier.

Of course, we should remember this formula is very straightforward. More reliable SaaS valuations will need to account for several other metrics. ..."

[hedgehog 100] 01/2/2023 16:52

NWT will be presenting immediately before another security company at the Proactive One2One Investor Forum on 28th. February, i.e. Crossword Cybersecurity (CCS), which should help to highlight NWT's massive undervaluation for the tech security sector.

For example, compare the similar ARR (annual recurring revenue) of the two companies:-

16/01/2023 12:00 UK Regulatory (RNS & others) Crossword Cybersecurity PLC Post Close Trading Update LSE:CCS Crossword Cybersecurity Plc
" ... for the year ended 31 December 2022 ...
2022 closing ARR was GBP2.4m, which is growth of 81% over the previous year. ..."


NWT's HCM ARR is now an annualised £2.6M.:-

31/01/2023 07:00 UK Regulatory (RNS & others) Newmark Security PLC Half-year Report LSE:NWT Newmark Security Plc
" ... We have seen substantial progress in our HCM hardware-enabled SaaS strategy with HCM annual recurring revenue increasing by 260% year-on-year to GBP1.3 million in April 2022 driven by SaaS and ClaaS (clocks as a service). ..."


And then contrast their respective market caps.:-
CCS: £14.32M., at 15.5p.
NWT: £4.12M., at 44p.

NWT's total revenue is also multiples of that of CCS, and NWT is profitable whereas CCS is heavily loss-making.

[hedgehog 100] 31/1/2023 18:34

"Newmark Security returns to profitability on easing supply chains

Victor Parker
Vox Newswire
14:14, 31st January 2023

Newmark Security (NWT), a provider of electronic software and physical security systems, announced unaudited interim results for the 6 months ended 31 October 22 (H1 23).

Newmark reported revenues up 10% year-on-year to £10.6m, compared to £9.7m a year ago. Gross profit margin also increased to 38.9% from 33.2% a year ago, driving EBITDA of £1.1m, up from a £0.03m loss a year ago, with an operating profit of £0.5m, compared to a £0.6m loss a year ago.

Newmark's earnings per share stood at 4.89p, compared to loss per share of 0.17p in 1H22. Investment in R&D decreased slightly to £0.3m from £0.4m and net assets increased to £8.2m from £7.6m a year ago.

Maurice Dwek, Chairman, commented: "I am pleased to announce a strong trading and financial performance over this period which highlights our focus on our strategic priorities, customer service excellence, product innovation and complete product offering. We are effectively managing the supply chain, pricing and spending across our business alongside with our focus on efficiency, resulting in these positive results today."

View from Vox

A positive update from Newmark, marking the company's return to profitability with strong momentum into 2023.

Newmark's growth was driven by its Human Capital Management (HCM) division where recurring revenues increased 260%, as well as double digit growth in its People and Data Management and Access Control divisions.

Gross profit margin improvement resulted from a combination of price increases flowing into higher 1H23 revenues, product innovation, and increased higher margin HCM recurring revenues.

Newmark brought down administrative costs by 11% to £3.6m, helping the company's return to profitability with £0.5m in after-tax profit in 1H23 compared to last year's £0.8m loss. Newmark also managed to avoid supply chain disruptions last year, ensuring uninterrupted sales and underpinning its robust performance in 1H23.

Going into 2023, Newmark's transition to high-margin/recurring revenue-based SaaS business will continue, expected to drive higher revenues and keep the company profitable in future quarters as global demand for cloud-enabled software control solutions continues to grow."

[hedgehog 100] 31/1/2023 17:44

I see that NWT's MelloMonday presentation next week has now been moved up the running order, and is now the first company presentation, ahead of IPX and I3E rather than after them, which is very positive:-

"5.40 pm Company presentation by Newmark Security"



NWT will also be presenting at another investor presentation event, on 28th. February (the same day as their AGM) - thanks to Dab808 on LSE for this today:-

"Proactive events
IN PERSON EVENT - Proactive One2One Investor Forum
28 February 2023 | London
Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair"

"Hearing the inside story and understanding the team behind the performance is crucial to making informed decisions. Join us at our next Proactive event to see leading growth companies make their pitch"

"Leading companies pitching

Getech Group PLC ...

Newmark Security PLC
Newmark Security PLC delivers long-term shareholder value through the provision of products and services in the security and data sectors. From its locations in the UK and the US, the organisation operates through subsidiary businesses positioned...

Crossword Cybersecurity PLC ..."

[hedgehog 100] 31/1/2023 14:30

NWT's HCM juggernaut is rolling on brilliantly, with the recurring revenues element really taking off now.

HCM ARR (annual recurring revenue) is now an annualised £2.6M., and growing at a rate of knots.


31/01/2023 07:00 UK Regulatory (RNS & others) Newmark Security PLC Half-year Report LSE:NWT Newmark Security Plc

" ... Human Capital Management ("HCM")

The business achieved revenue growth of 17% to reach GBP6.4 million (H1 FY22 GBP5.5 million), primarily driven by strong HCM business growth from both the US and Rest of World (ROW) regions as we have been expanding our relationships with Tier 1 software partners.

Our growth is driven by strong market demand for reliable data security solutions and intelligence. We are capitalising on this opportunity to continue winning in the marketplace by being a trusted security partner for our customers, offering cutting-edge, end-to end solutions. Through our advanced secure cloud control systems of people's access, identity and attendance, we are raising the quality and speed of intelligence creating the new workplace ecosystems.

Key achievements during the period included re-platforming our core cloud control software, GT Connect, and evolving warranty and support services with GT Protect. We have seen substantial progress in our HCM hardware-enabled SaaS strategy with HCM annual recurring revenue increasing by 260% year-on-year to GBP1.3 million in April 2022 driven by SaaS and ClaaS (clocks as a service).

We continued our successful partnership with major software vendors enabling us to supply directly to their large customer base. We are working with our partners to increase our share-of-wallet acting as their preferred supplier and new partnerships are being established to help us deliver our growth targets. We are pleased to announce we have signed a GT Connect and support contract with one of the largest US retailers based in Mexico in the second half of FY23. This contract will help accelerate our growth in HCM recurring revenues. ..."

[hedgehog 100] 31/1/2023 13:24

Stunningly good half year results today from NWT ... even better than I had hoped for.

So congratulations and thanks to all concerned on such a crackingly good performance.

First half EPS of 4.89p is an annualised 9.78p, putting NWT on a annualised P/E of just 4.5! (Current share price 44p.)

For such an exciting growth story that is quite extraordinarily cheap, and it is from such bargains that mega multibaggers are made.


31/01/2023 07:00 UK Regulatory (RNS & others) Newmark Security PLC Half-year Report LSE:NWT Newmark Security Plc

"Interim Results

for the six months ended 31 October 2022

Newmark Security plc (AIM: NWT), a leading provider of electronic, software, and physical security systems and installations is pleased to announce its unaudited interim results for the six months ended 31 October 2022 ("H1 FY23"). The Board of Newmark is pleased to reiterate positive momentum and the Group returning to profitability.

Financial highlights:

-- Revenue up 10% to GBP10.6m (H1 FY22: GBP9.7m)
-- Gross profit margin increased by 5.7% pts to 38.9% (H1 FY22: 33.2%)
-- EBITDA of GBP1.1m (H1 FY22 EBITDA loss: GBP0.03m)
-- Operating profit of GBP0.5m (H1 FY22 loss: GBP0.6m)
-- Profit after tax of GBP0.5m (H1 FY22 loss: GBP0.8m)
-- Earnings per share of 4.89 pence (H1 FY22: loss per share 0.17 pence)
-- Investment in research and development GBP0.3m (H1 FY22: GBP0.4m)
-- Net assets of GBP8.2m (H1 FY22: GBP7.6m)

Key business highlights:

-- Returning to profitability is a testament that our strategic business plan has set the right foundations for sustainable growth

-- Human Capital Management ("HCM") annual subscription-based recurring revenues increased by 260 % year-on-year to GBP1.3m positively contributing to our profit margins

-- Substantially increased net profit margins despite the inflationary cost pressures and higher cost of funding to fuel our growth

-- Continued focus on cost management initiatives and product innovation

-- Further customer base expansion driven by our product offering and end-to-end solutions

-- Efficient management of our supply chain makes for stability and uninterrupted sales, underpinning the Group's competitive edge ..."

[hedgehog 100] 30/1/2023 18:15

NWT's finish up at 44p today is now its highest closing price since November 2021.

And from the legendary Jesse Livermore:-

"Buy rule:
Go long when a stock hits a 50-week high"

[hedgehog 100] 30/1/2023 15:18

It would be nice to learn more about NWT's 2025 strategy, which presumably is a target for two years hence.

Doubtless the company's MELLOMonday investor presentation on 6th. February will shed more light on this.

In its year ending 30.4.2015, NWT made pre-tax profit of £2.252M. on turnover of £22.85M., and it should be quite possible to surpass these numbers within the next few years.

But this time round, with a much greater proportion of recurring revenues, and with a correspondingly higher rating.

The COVID-19 pandemic etc. understandably hit last year's results, but the company looks to have weathered the storm superbly, with profitable half year results due to be announced tomorrow.

[hedgehog 100] 30/1/2023 14:55

From the inside front cover of the new annual report & accounts:-

"Our mission is to protect human capital
in safe spaces by creating trusted
ecosystems in the workplace using
best-in-class security products enabled
by SaaS-based cloud control and
enterprise-class services.

With our 2025 strategy firmly in focus,
we continue to take bold steps to
achieving our goals, demonstrating
resilience to global impacts, a long-term
sustainable business model and a
strong will to win.

Marie-Claire Dwek, CEO"






And from the bar graph on page 12:-

"Five years of consecutive revenue growth:
HCM in North America: £m"

2017: £0.9M.
2018: £1.2M.
2019: £4.0M.
2020: £5.9M.
2021: £6.5M.
2022: £8.7M.

[hedgehog 100] 30/1/2023 12:17

NWT's new annual report & accounts is now on its website:-

"Newmark SECURITY PLC
Report & Financial Statements
YEAR ENDED 30 APRIL 2022"