Newmark Security Share Discussion Threads

[hedgehog 100] 04/10/2023 19:05

NWT's new annual report & accounts is viewable via its website:-

"Newmark SECURITY PLC
Report & Financial Statements
YEAR ENDED 30 APRIL 2023"






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"


2025 is now starting to sound quite close ... at least for patient, long term investors ...

[hedgehog 100] 04/10/2023 10:59

02/10/2023 07:00 UK Regulatory (RNS & others) Newmark Security PLC Posting of Annual Report and Notice of AGM LSE:NWT Newmark Security Plc

Newmark Security plc (AIM: NWT), a leading provider of electronic and physical security systems, announces that its Annual Report and Accounts for the year ended 30 April 2023 as well as the notice of its 2023 Annual General Meeting ("AGM"), will be posted today to shareholders. Both documents will shortly be available on the Company's website, www.newmarksecurity.com.

The AGM is being held at 10:30 a.m. on Tuesday 31 October 2023 at Holmes Hotel, 83 Chiltern Street, London W1U 6NF. The Company requests that any shareholders intending to attend the AGM in person register their intention as soon as practicable by emailing [e-mail]. All shareholders are encouraged to vote electronically or to lodge a form of proxy in advance of the meeting.

Newmark Security plc Tel: [phone]
Marie-Claire Dwek, Chief Executive www.newmarksecurity.com
Officer
Paul Campbell-White, Chief Financial
Officer
Allenby Capital Limited Tel: [phone]
(Nominated Adviser and Broker)
James Reeve (Corporate Finance)
Amrit Nahal, Tony Quirke (Sales
& Broking)
Yellow Jersey PR Limited Tel: [phone]
(PR & IR)
Charles Goodwin / Dominic Barretto

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: www.newmarksecurity.com

[hedgehog 100] 29/9/2023 16:50

Thanks to Trojan on LSE for flagging up this new NWT video interview on Proactive Investors:-

"Newmark Security "will continue to grow" recurring revenues in the years ahead

Published: 09:11 29 Sep 2023

Newmark Security PLC (AIM:NWT) CEO Marie-Claire Dwek speaks to Thomas Warner from Proactive after the company released its final results for the year ended 30 April 2023.

Dwek gives an overview of how the business performed over the period, highlighting growth in revenue, increased margins, and a rise in recurring revenue, achieving £2.1 million this year. Despite facing challenges in the second half due to the loss of a client, UKG, following their merger with Kronos, Newmark maintained profitability.

She emphasises the company's focus on expanding across all business sectors, onboarding new clients, and introducing new products. She also highlights the action Newmark has taken to address a gap in its product portfolio that has helped deliver a boost to its margins.

Newmark Security specialises in protecting individuals in safe spaces by offering secure cloud control for access, timekeeping, and identity data at workplaces. The aim is to ensure seamless operations, safe spaces, and secure data."

[hedgehog 100] 28/9/2023 15:10

A positive new development, from GT's website:-

"Insights | Company News

Grosvenor Technology is Now a Proud Member of BSIA

Elevating Security Standards and Business Excellence

Chris Wrench
Senior Product Manager

We are delighted to announce that Grosvenor Technology has officially become a member of the British Security Industry Association (BSIA), the primary trade association for the UK security industry. This membership will undoubtedly bring numerous advantages and opportunities for our business and, most importantly, our valued customers.

Who is the BSIA?

The BSIA serves as the authoritative voice of the UK security industry, bringing together experts, professionals, and organisations to collaboratively drive positive change within the sector. With 15 sections, each meeting regularly to discuss current industry opportunities, risks, and challenges, the BSIA provides a platform for fostering innovation, sharing best practices, and influencing the development of industry standards to enhance professionalism across the board.

One of the core functions of the BSIA is facilitating Special Interest Groups in various domains, including HR & H&S, Facial Recognition Technology (FRT), Cyber Security, and more. These groups work collectively to identify best practices and tackle the ever-evolving security landscape effectively.

Moreover, as a member of the BSIA, we have the privilege of representing the UK security industry internationally through organisations such as the European Committee for Standardisation (CEN/CENELEC) and the International Organisation for Standardisation (ISO/IEC). This enables us to play an active role in shaping global security standards, ensuring that the industry continues progressing and delivering the highest level of security solutions.

Alignment of our Vision and Goals

The decision to join the BSIA aligns perfectly with our vision to provide our customers with the best solutions and services. Becoming a member allows us to demonstrate our commitment to upholding the highest industry standards and being part of a respected network of security professionals.

Managing Director Colin Leatherbarrow said, “Membership of the BSIA allows us to contribute to a wealth of industry insights, trends, and advancements, keeping us ahead of the curve and delivering cutting-edge security solutions to our customers. We are eager to actively contribute to shaping industry standards and best practices. As a BSIA member, we can lend our expertise to develop frameworks that benefit both the security industry and our customers. Our membership in the BSIA will also ensure that we remain updated and compliant with the evolving regulatory landscape”.

Supporting our Future Business and Customers

By becoming a member of the BSIA, we are equipped with a wealth of knowledge and expertise that directly translates into better services and support for our customers. Our membership marks a logical step forward for Grosvenor Technology. By joining forces, we are well-positioned to shape the future of the security industry, uphold the highest standards, and provide unparalleled support to our valued customers."

[russman] 27/9/2023 17:12

Worth more to someone else; knock out the HQ costs for a start.

[hedgehog 100] 27/9/2023 16:27

26/09/2023 07:00 UK Regulatory (RNS & others) Newmark Security PLC Final Results LSE:NWT Newmark Security Plc

"Final Results

for the year ended 30 April 2023

Newmark Security plc (AIM: NWT), a leading provider of electronic, software, and physical security systems and installations is pleased to announce its audited results for the year ended 30 April 2023 ("FY23"). The Board of Newmark is pleased to reiterate a positive momentum and the Group returning to profitability.

Financial highlights:

-- Revenue up 6.1% to GBP20.3m (2022: GBP19.1m)

-- Gross profit margin increased by 4.1% pts to 37.6% (2022: 33.5%)

-- Human Capital Management ("HCM") annualised recurring revenues* ("ARR") increased by 133% year-on-year to GBP2.1 million for April 2023, positively contributing to profit margins

-- EBITDA of GBP1.5m (2022: GBP0.03m loss)

-- Operating profit of GBP0.3m (2022: GBP1.1m loss)

-- Profit after tax of GBP0.4m (2022: GBP0.8m loss)

-- Earnings per share of 3.77p (2022: 0.32p loss per share)

-- Investments in research and development GBP0.5m (2022: GBP0.8m)

-- Cash at bank of GBP0.6m at year end (2022: GBP0.2m)

-- Net assets of GBP7.9m at year end (2022: GBP7.6m)

Business highlights:

-- FY23 year-on-year revenue growth, driven by a strong performance in the Group's People, Data Management, and Physical Security divisions

-- Product innovation and efficient software systems have enhanced solutions offering, resulting in new client contracts.

-- 8th consecutive year of HCM revenue growth due to increases in both North American and European markets.

-- Launched our next generation secure cloud control platform GT Connect, which will drive future recurring revenue growth.

-- Relocated Grosvenor's US headquarters to a much larger facility in Florida and brought third-party logistics in-house.

-- Physical Security division returned to revenue growth in FY23 due to an increase in service revenues and strong demand for our security-rated screens and counters in both the retail and public sectors.

-- Group returned to profitability and cash flow generation in FY23.

*ARR is calculated by annualising revenue recognised in a given month from all clients on deployed HCM subscription contracts

Maurice Dwek, Chairman of Newmark, commented:

"It has been a milestone year in several ways, culminating in the Group returning to full-year profitability. What might look like modest overall top line growth hides the key story underneath, which is the launch of our strategic cloud platform, GT Connect. This is vastly more scaleable as a service offering and is accelerating GT's shift from being a 'hardware only' to a 'hardware-enabled software and services' business. This, combined with the return to growth in Safetell, shows the success of our 2025 Growth Strategy.

"Looking ahead, the business has made a good start to FY24 with its new revenue pipeline." ..."




Well done to NWT on returning to full-year profitability, and for announcing the results nearly four months earlier than last year's (23.1.23).

The second half clearly wasn't as strong as H1, but that looks to me like just a blip, which is not uncommon with the best growth stories.

For example, a move to new, larger premises can be costly and time-consuming, before the benefits really start to accrue.

And the gradual decline in the business for UKG, following its creation through the $22 billion merger of Kronos and Ultimate Software in 2020, now looks to be over.

So the great growth story here looks to be very much intact, and the year ending 30.4.24 is looking like it will be a strong one.

[arthur_lame_stocks] 26/9/2023 19:44

Yes, despite all the ramping everywhere, a fairly underwhelming set of results.

[russman] 26/9/2023 19:42

well at least returned to a profit.
Too small. Overvalued family business.

[fft] 23/9/2023 07:44

Results on Tuesday 26th.Investor meets company conference call at 4pm UK time.

[hedgehog 100] 14/9/2023 09:49

13/09/2023 07:00 UK Regulatory (RNS & others) Newmark Security PLC Notice of Results and Investor Presentation LSE:NWT Newmark Security Plc

"Newmark Security plc (AIM: NWT), a leading provider of electronic and physical security systems, announces that the Company's final results for the year ended 30 April 2023 ("FY 2023") will be announced on 26 September 2023.

Marie-Claire Dwek (CEO) and Paul Campbell White (CFO) will provide a live presentation relating to the FY 2023 results via Investor Meet Company on 26 September 2023 at 4:00pm BST.

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 on the Investor Meet Company platform will automatically be invited. ..."

[hedgehog 100] 06/9/2023 15:08

And yet more impressive strengthening of the GT team:-

"Insights | Company News

Meet The Trainer

The Power of Dynamic Training

Book training

Colin Leatherbarrow
Managing Director

Grosvenor Technology is pleased to introduce Robert Taylor, who joins the company as Access Control Trainer. Robert brings with him a high level of experience and talent for engaging and accessible training, which has enhanced the existing programmes.

Robert, who has a respected reputation within the Access Control industry, has seen how the right training can up-skill installers, helping them to provide exceptional service to their clients.

“My approach to training is different from most; I prefer a dynamic blend of theory and hands-on learning, where Partners can establish a robust knowledge base that enables them to grow their businesses.”

At Grosvenor Technology, we’re invested in creating a training programme that will become an industry benchmark. And with Robert at the helm, we’re on course to do just that.

Already ringing the changes, Robert’s efforts have resulted in hugely beneficial projects. These include establishing centralised training resources for accessible information, introducing a collaboration with industry leaders Assa Abloy and Gamanet, and a streamlined online booking system.

Robert commented, “I am delighted to have joined Grosvenor Technology as lead Access Control Trainer. Being able to teach others and enable them to excel is not only a privilege but also something I’m very passionate about. I’m looking forward to using my skills and knowledge to contribute to the growth and success of both the trainees and the company. It’s exciting to be part of a team that is always pushing the boundaries of innovation when it comes to security solutions.

I look forward to leveraging my expertise to contribute to the growth and success of both the trainees and the company while also being part of a team that consistently pushes the boundaries of innovation in security solutions.”

In a landscape where technology shapes the future, the appointment of Robert Taylor is a significant step forward as Grosvenor Technology strides forward in creating a more secure and efficient world.

Please join us in welcoming Robert to Grosvenor Technology."




Welcome Robert.

Good luck on GT's 'star ship of enterprise': boldly going where no access control training has gone before.

[hedgehog 100] 31/8/2023 14:24

"GT Clocks at HR Tech 2023

Colin Leatherbarrow
Managing Director

30 August 2023 2min read

Explore the Latest HR Innovations at HR TECH Conference 2023 in Las Vegas with GT Clocks.

Are you ready to experience some of the advanced innovations that are revolutionizing the HR industry? Join GT Clocks at the upcoming HR TECH Conference and Exposition from October 10th – 13th, 2023, at Mandalay Bay in Las Vegas. As one of the world’s largest events dedicated to HR innovation, this conference is the ultimate platform to explore the latest trends, tools, and technologies to take your HR strategies to the next level.

What can you expect from GT Clocks?

GT Clocks will showcase its elite selection of HCM devices, each designed to empower HR professionals with comprehensive reporting and advanced analytics. The devices provide robust security and data compliance and deliver deeper insights into crucial aspects of your business, enabling strategic growth and seamless integration into your existing operations.

Join us at booth #2014, where you can get firsthand experience using the tech. From the simplicity of its use to the power of the captured data, you’ll understand just how GT Clocks can reduce the burden of admin and management on your HR department.

With resourceful solutions, such as the GT8, you can boost productivity, reduce payroll fraud and speed up time-consuming administration.

Meet the experts

Don’t miss the chance to connect with our team during the event; they’re there to answer any questions and help you understand how GT Clocks provides a 360 working dynamic with its customers.

Come and meet:
• Ben Lagden – VP of Commercial
• Matthew Smith – VP of Global Sales
• Mike Braun – National Sales Manager
As leaders in the company, you can expect insightful guidance and expertise that will demonstrate how GT Clocks can ensure you are always ahead in the ever-changing HR landscape.

Unlocking the true potential of your workforce

It’s not just about selecting the right tech – it’s about working with a company that goes beyond expectations. And at GT Clocks, we offer more than just clocks and terminals. Our comprehensive end-to-end solutions can be tailored to your needs to minimize administrative workload and life cycle costs.

But don’t just take our word for it – come and see for yourself.

Join Us at HR TECH Conference and Exposition

Visit booth #2014 where you can experience the seamless usability of GT Clocks solutions. Now is the time to prepare for the demands of the future of HR.

Register now at hxxps://www.hrtechnologyconference.com/register and secure your spot at the world’s premier HR innovation event.
We can’t wait to see you there!"

[davidosh] 24/8/2023 15:50

Newmark will be on the Mello Monday show on the 16th October

[hedgehog 100] 24/8/2023 14:47

Some more great new stuff from Safetell's website: a brace of articles showcasing the company's exceptional talent and culture:-


"Craig Chappell: From RAF to Senior Service Technician at Safetell

22 August, 2023

At Safetell, our commitment to cultivating a diverse and highly skilled workforce is exemplified through the experiences of our employees. Particularly, the stories of two individuals who transitioned from military service and made a significant impact within our organisation — Craig Chappell and Simon Dhinsa, both distinguished veterans — highlight how their distinct skill sets, refined during years of military training, align seamlessly with the values of Safetell. In the upcoming section, we will delve into Craig’s journey from the RAF to Safetell.

RAF Experience: A strong foundation

Craig Chappell’s career took off when he joined the RAF at a young age. He underwent 18 months of comprehensive basic and trade training, honing his skills in various aspects of electronic workshop practices, and obtaining an ONC, City and Guilds qualification. During his time with the RAF, Craig played a crucial role in supporting air systems and equipment during a 4-month tour in The Falklands in 1994. With 12 years of dedicated service, as an Air Radar Technician, under his belt, he eventually decided to take a new direction.

Transitioning out of the RAF into civilian work

Upon leaving the RAF, Craig faced the challenge of finding his way into the civilian job market. He briefly joined Yorkshire Cable, gaining valuable experience over three years before unfortunate redundancy. Undeterred, he entered the cable contracting field for a year, later moving to Marconi Telecoms to contribute to their BT Contract.

Transferring skills: RAF to Safetell

Craig joined Safetell in 2003 as a service technician. What started as a temporary stop-gap quickly evolved into a substantial role. Through hard work, dedication, and willingness to put in long hours, his efforts were recognised, resulting in well-deserved pay increases. Within just two years, he demonstrated his expertise and commitment, earning a promotion to Senior Technician, and he is still with the business today, 20 years later.

Craig’s background in the RAF brought a wealth of skills that seamlessly transitioned into his role at Safetell:

1. Technical Expertise: His experience with electronics in the RAF translated to working with Safetell’s systems, highlighting his adaptability and expertise.

2. Adaptation: Familiarity with hydraulics in the RAF allowed him to adapt to Safetell’s pneumatic screens, showcasing his ability to learn and apply new concepts.

3. Deadline-Oriented: Working under tight deadlines in different environments during his RAF tenure prepared him to excel in Safetell’s dynamic and time-sensitive projects.

4. Strong Work Ethic: Craig’s military background instilled a strong work ethic, contributing to his rapid rise to the position of Senior Tech.

5. Effective Communication: Skills gained from the military, such as time management, communication, and presentation, proved invaluable in his interactions with Safetell’s customers as a front-facing engineer.

In summary, Craig Chappell’s journey from an RAF Air Radar Technician to a Senior Technician at Safetell demonstrates the potential of transferable skills. His ability to leverage his military background and seamlessly apply it to a civilian role is a testament to his dedication, adaptability, and continuous pursuit of excellence.

"Transitioning from a Royal Air Force Radar Technician to a Senior Tech at Safetell has been quite a journey. With over a decade in the RAF, my experience seamlessly integrated into Safetell's world. Starting as a Service Tech in 2003, I didn't anticipate becoming a Senior Tech within two years. My military skills, like electronics and hydraulics, found a new purpose here. Safetell's commitment to recognising potential and embracing diverse expertise has made my career progression here incredibly fulfilling."

Craig Chappell, Senior Service Technician, Safetell

Here we explore how Simon’s military background has influenced his impactful role at Safetell."




"From Gunner to Team Lead: Simon Dhinsa’s Journey of Skill Transfer and Growth

23 August, 2023

Continuing from our recent blog post about Craig Chappell’s transition from the RAF to Safetell, we now explore how Simon Dhinsa’s military background has shaped his role at Safetell.

Simon’s journey is a testament to the power of adaptability and the seamless transition of skills from one realm to another, exemplifying dedication and growth.

Early military foundations

Enlisting in the Royal Air Force Regiment at 19, Simon embarked on a transformative journey. With 6 months of intensive basic training, he was deployed to 3 Squadron RAF Regiment. His career took a significant turn as he completed two operational tours in Afghanistan, serving in Kandahar and Bastion. Notably, he played an integral role in the Medical Emergency Response Team (M.E.R.T) and acquired proficiency in advanced first aid, weaponry, and driving.

Transitioning to civilian life

After six years of dedicated military service, Simon transitioned to civilian life. His initial step involved contributing to car gas strut production in a manufacturing capacity. Demonstrating strategic acumen, he leveraged his enhanced learning credits to reskill himself for the electrical industry.

A new chapter: joining Safetell

Simon’s journey continued at Safetell, where he began as a service technician, in 2015. Rapid advancement marked his trajectory as he progressed to the role of Senior Engineer and ultimately attained the position of Team Lead, in 2022. His growth was nurtured through job-specific training and ongoing learning opportunities.

Seamless skill migration

1. Calm amidst pressure: The crucible of high-pressure situations during his military service cultivated composure, enabling Simon to effectively address new and complex challenges.

2. Fostered work ethic: Simon’s military background instilled a robust work ethic that propelled his advancement within Safetell. This ethos played a pivotal role in his ascent to Senior Engineer and Team Lead positions.

3. Mastering time management, communication, and presentation: Skills honed in the military seamlessly translated into Simon’s role as a front-facing engineer, facilitating effective time management, communication, and presentation with Safetell’s clients.

4. Empowered by enhanced learning and adaptability: Simon’s strategic and forward-thinking approach to personal growth was evidenced by his use of enhanced learning credits earned during his military service, enabling a successful transition into the electrical industry, and his progression in his role at Safetell.

"I transitioned from an RAF Gunner to a Senior Engineer, and then Team Lead at Safetell. My diverse experience, including two tours with the Medical Emergency Response Team in Afghanistan, equipped me with skills in first aid, weapons, and driving. After civilian manufacturing and a shift to the electrical industry using enhanced learning credits, Safetell became my home in 2015.

My military-driven work ethic, composed approach under pressure, and adept communication and time management skills have thrived here. Safetell's embrace of unique journeys and talents makes it clear - it's not just about where you begin, but the dedication and skills you bring to the table."

Simon Dhinsa, Service Team Leader, Safetell

Simon’s experience highlights how being adaptable and actively striving for excellence can make a significant impact in various areas. His evolution from a Gunner to a Team Lead showcases the seamless transfer of skills, resilience, and the drive for growth — bridging the divide between military valour and civilian leadership.

If you’ve not already done so, take a look at how Craig Chappell’s experience and skillset in the RAF have also successfully impacted his role at Safetell.

Safetell are always interested in new talent

If you resonate with Simon and Craig’s stories and you’re interested in a career at Safetell, find out more about our vacancies and what we have to offer."

[hedgehog 100] 18/8/2023 16:08

And a related new Safetell article, highlighting their expertise in providing certified security solutions:-

"Understanding Security Ratings: A Comprehensive Guide to Manual Attack, Intruder, and Burglar Ratings

18 August, 2023

When businesses invest in physical security products, including screens, doors, and cladding, they fully expect them to offer protection against manual attacks and burglaries as promised. However, that’s not always the case. According to the Building Research Establishment (BRE), 95% of products do not deliver the performance expected by manufacturers during testing.

To ensure that businesses receive the protection they expect from these products, the BRE oversees a set of internationally recognised loss prevention standards known as the LPS 1175. In Europe, the EN1627 standard specifies the requirements and classification systems for burglar-resistant characteristics of windows, walling, grilles, and door sets. ...

Finding Certified Products

When choosing security products for your premises, look for certified products that have undergone rigorous testing and meet stringent security standards. Certification means that physical security measures will perform as required, mitigating risks and providing peace of mind.

Safetell offers a number of certified products, including our Stalwart Steel Door (LPCB LPS1175 SR4 issue 8 rating for manual attack). We also offer several entrance control products with an RC4 rating, such as revolving doors, security pass doors, and security portals. Each of these products serves a unique purpose in providing the best level of security for entrance control.

Among them, security portals, with their RC4 rating, offer the highest level of manual attack protection. They can also be equipped with metal detectors and mask recognition to further control unauthorized access.

Get in touch with Safetell today and enquire about our certified safety products for your business."

[hedgehog 100] 16/8/2023 21:42

Paycor HCM (NASDAQ: PYCR), a major North American partner of Grosvenor Technology, has just announced its fourth quarter & full year results today, after close of the US markets.

And both should buoy the confidence of NWT shareholders:-

"Paycor Announces Fourth Quarter and Fiscal Year 2023 Financial Results

August 16, 2023 at 4:15 PM EDT

• Total revenues of $140.0 million, an increase of 26% year-over-year, while expanding margins

• Q4 Recurring revenue of $129.0 million, an increase of 18% year-over-year

• FY’23 Total revenues of $552.7 million, an increase of 29% year-over-year

• FY’24 revenue guidance of $644 - $650 million, an increase of 18% year-over-year at the top end of the range

CINCINNATI, Aug. 16, 2023 (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 2023, which ended June 30, 2023.

“Paycor delivered strong revenue growth of 26% for the quarter and 29% for the year, driven by continued robust demand for our open, modern HCM solution,” said Raul Villar, Jr., Chief Executive Officer of Paycor. “Our team executed exceptionally well against our strategic growth initiatives, namely increasing Tier 1 sales coverage to 36% and expanding effective PEPM by 11% this year.”

“We are proud of the operational performance across the business, which delivered nearly 400 basis points of margin expansion year-over-year and positive adjusted free cash flow while continuing to invest in innovative technologies that empower frontline leaders. We are demonstrating the scalability of our business model and believe there is significant opportunity to drive further leverage.”

Fourth Quarter Fiscal Year 2023 Financial Highlights

• Total revenues were $140.0 million, compared to $111.0 million for the fourth quarter of fiscal year 2022.

• Operating loss was $31.7 million, compared to $30.1 million for the fourth quarter of fiscal year 2022.

• Adjusted operating income* was $15.4 million, compared to $9.2 million for the fourth quarter of fiscal year 2022.

• Net loss attributable to Paycor HCM was $29.4 million, compared to $23.8 million for the fourth quarter of fiscal year 2022.

• Adjusted net income attributable to Paycor HCM* was $13.4 million, compared to $6.9 million for the fourth quarter of fiscal year 2022.

*Adjusted operating income and adjusted net income attributable to Paycor HCM are non-GAAP financial measures. Please see the discussion below under the heading "Non-GAAP Financial Measures" and the reconciliations at the end of this press release for information concerning these and other non-GAAP financial measures.

Fourth Quarter and Recent Business Highlights

• Launched Paycor Engage, which combines several employee engagement tools into a single platform to elevate how leaders communicate with and motivate their team. The new solution empowers leaders to share company news, communicate with teams and recognize employees across mobile and web applications.

• Introduced an AI-enabled Job Description generator, further strengthening the Company’s suite of artificial intelligence solutions, such as Paycor Smart Sourcing and Predictive Resignation. Based on job title and required experience, the integrated solution creates compelling job descriptions, empowering leaders to attract and hire top talent faster than ever before.

Fiscal Year 2023 Financial Highlights

• Total revenues were $552.7 million, compared to $429.4 million for the fiscal year 2022.

• Operating loss was $104.7 million, compared to $139.6 million for fiscal year 2022.

• Adjusted operating income* was $82.6 million, compared to $47.5 million for fiscal year 2022.

• Net loss attributable to Paycor HCM was $93.2 million, compared to $119.6 million for fiscal year 2022.

• Adjusted net income attributable to Paycor HCM* was $66.8 million, compared to $35.9 million for fiscal year 2022.

*Adjusted operating income and adjusted net income attributable to Paycor HCM are non-GAAP financial measures. Please see the discussion below under the heading "Non-GAAP Financial Measures" and the reconciliations at the end of this press release for information concerning these and other non-GAAP financial measures.

Business Outlook

Based on information as of today, August 16, 2023, Paycor is issuing the following financial guidance:

First Quarter Ending September 30, 2023:

• Total revenues in the range of $138 - $140 million.

• Adjusted operating income* in the range of $9 - $10 million.

Fiscal Year Ending June 30, 2024:

• Total revenues in the range of $644 - $650 million.

• Adjusted operating income* in the range of $97 - $100 million.

*We are unable to reconcile forward-looking adjusted operating income to forward-looking loss from operations, the most closely comparable GAAP financial measure, because the information needed to provide a complete reconciliation is unavailable at this time without unreasonable effort.

Conference Call Information

Paycor will host a conference call today, August 16, 2023, at 5:00 p.m. Eastern Time to discuss its financial results and guidance. To access this call, dial 1-877-407-4018 (domestic) or 1-201-689-8471 (international). The access code is 13736723. A live webcast and replay of the event will be available on the Paycor Investor Relations website at investors.paycor.com.

About Paycor

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 30,000 customers trust Paycor to help them solve problems and achieve their goals. ..."

[hedgehog 100] 02/8/2023 11:26

Another useful new article just added to Grosvenor Technology's website:-

"Insights | Human Capital Management

What Are GT Services?

GT Services provides priority end-to-end technical support, and access to our remote data and device management platform.

Ben Lagden
Commercial Director

In a nutshell, GT Services are the services we provide to enhance and complement our HCM solutions. It covers a host of aspects, including a lifetime warranty, access to Grosvenor Technology’s secure cloud platform and on-hand 24/7 tech support.

This subscription-based service means that for one low-cost monthly payment, your device or devices will be protected and supported for the duration of their lifetime. It’s a smart way to reduce your total cost of ownership while benefiting from priority support.

Here’s a little more about each aspect that makes up GT Services.

GT Protect

By subscribing to GT Services, you can take advantage of our exclusive hardware warranty. With this, we guarantee to supply you or your clients with a brand-new, latest-generation HCM solution if a fault or defect occurs with the existing device. Better still, we send the replacement device via next-day delivery directly to where it is needed so it can be installed as soon as possible.

GTProtect also entitles you (or your clients) to priority technical support on the devices – which come with guaranteed SLAs. Whether they require a little assistance when installing or replacing a device, need help troubleshooting, or want to access our remote diagnostic tools, our tech support team is just a quick call or email away.

GTConnect

GTConnect is a cloud-based platform that integrates your devices into a single network, allowing real-time remote diagnostics and data management. Signing up for GT Services grants you and your clients access to GTConnect and the following powerful features:

Device Management

Our management platform allows you to diagnose, recover and update devices remotely. This feature manages devices individually or multiple devices organised by your chosen structure to push out updates and configuration, all at the click of a button.

Data Management

Our “Clock to Cloud” middleware makes it easy to integrate our devices with your chosen software. Subsequently, all data captured to and from the devices is securely transferred and transformed via a single connection, ensuring a seamless system enabling real-time business decisions as and when you need them.

Identity Management

Our platform, combined with our latest devices, ensures all Personally Identifiable Information (PII), including biometric data, is encrypted and protected from the moment it’s collected. GTConnect further ensures compliance with all UK GDPR data regulations and US and international data legislation by recording consent of PII collection and providing tools to both facilitate information requests and erase PII, effectively de-risking your business from fines and litigation.

What are the benefits of GT Services?

Lower Costs

GT Services will decrease the total cost of ownership of your devices. Here’s how;

• Hardware Costs

First and foremost, our devices are specifically designed for high footfall, always-on environments with longevity and reliability in mind. As a result, they’ll give you much greater reliability and life span than other devices or tablets. Plus, each device is covered by GTProtect’s subscription warranty – guaranteeing your future costs.

• Admin and Legal Costs

GTConnect, in combination with our latest devices, ensures your client is fully compliant with data protection laws worldwide by encrypting data and enforcing processes surrounding consent, storage and deletion. Not only does this considerably lower the time and effort needed to ensure their own compliance when handling PII, but more importantly, it reduces the chances of breaking the law and incurring related fines or compensation and associated reputational damage.

• Development and Operational Costs

Our fast and simple integration approach allows your clients to save on the development costs of connecting their devices to their platform. As GTConnect manages the individual connections to the devices and provides data transfer via a single connection, hosting and operational costs are significantly reduced.

Minimal Downtime

With our experienced support team on hand and the option for next-day hardware delivery, there is limited downtime and disruption to your clients should a device malfunction.

Increased Efficiency

Managing your estate globally via GTConnect ensures configuration and updates are efficiently applied, reducing onsite engineering and support visits and associated costs.

If you and your clients would benefit from priority support, guaranteed replacement hardware and super secure data, speak to us about GT Services. It’s the most effective way to reduce your costs, increase efficiency and minimise downtime.

To learn more, click here or get in touch by calling 01202 621700 or emailing [e-mail]."