HUB Anticipates A Strong 2024-2025; Sees Path To Growth To Over $100M In Expected Revenues From Existing And New Contracts
Portfolio Pulse from Benzinga Newsdesk
HUB Cyber Security Ltd (HUBC) projects strong growth with over $100M in expected revenues by 2025, driven by existing and new contracts. Despite a temporary 18% revenue decline in H1 2023 due to Q1 mismanagement, the company has improved its Adjusted EBITDA and cash flow. With over $40M in new contracts and a focus on Confidential Computing and Data Fabric solutions, HUBC aims to lead the market. The company has a 93% gross retention rate and a robust balance sheet with $52.8M in assets as of June 30, 2023.
January 08, 2024 | 3:30 pm
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HUB Cyber Security Ltd anticipates significant growth with over $100M in expected revenues by 2025, recovering from a temporary setback in H1 2023.
The positive outlook for HUBC, with expected revenue growth and improved financial metrics, suggests a potential increase in investor confidence and stock price in the short term. The announcement of new contracts and a high retention rate further support this optimism. However, the actual performance in the coming years and the execution of the company's strategic plans will be critical to realizing these projections.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100