Synectics shares drop 13% as revenue falls on contract timing
Investing.com -- Synectics PLC (LON:SNXS) fell over 13% on Tuesday after the security solutions provider reported a sharp decline in first-half revenue. The company’s revenue dropped 37% during the period, primarily due to the absence of a one-time gaming contract worth £7.8 million that was recorded in the same period last year.
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Investing.com -- Synectics PLC (LON:SNXS) fell over 13% on Tuesday after the security solutions provider reported a sharp decline in first-half revenue. The company’s revenue dropped 37% during the period, primarily due to the absence of a one-time gaming contract worth £7.8 million that was recorded in the same period last year. Energy project delays stemming from disruptions related to the Middle East conflict also contributed to the revenue decline. Synectics said its strategic transformation continues as planned and expects to see accelerated growth starting in fiscal year 2027.
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- Investing.com -- Synectics PLC (LON:SNXS) fell over 13% on Tuesday after the security solutions provider reported a sharp decline in first-half revenue. The company’s revenue dropped 37% during the period, primarily due to the absence of a one-time gaming contract worth £7.8 million that was recorded in the same period last year.
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- 1 outlet, average source rating 6.0/10.
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Synectics shares drop 13% as revenue falls on contract timing
Sources1TypeCoverageInvesting.com · Stock Market