GRC International – ‘strong momentum and cash generation’… or not?
Cyber-defence group GRC International (GRC) has announced a trading update including year-ended 31st March 2022 “billings up 21% to £14.8m… Q4 billings up 25% to £4.5m… EBITDA of at least £0.8m… year-end cash £2.0m (2021: £0.2m)” and “strong momentum in Q4 and cash generation have continued into the start of the new financial year”. So what of a share price up to 29p?...


