Big Technologies plc, a UK-based remote people monitoring technology company, released a trading update <mark style="background-color:yellow">ahead</mark> of its full-year results announcement for the year ending December 31, 2024. The companys performance met the boards expectations, with revenue expected to be £50.3 million and adjusted EBITDA to be £27.0 million for the year. The update highlights the impact of lost revenue from a former customer in Colombia, resulting in lower revenue in the second half of 2024 compared to the first half. However, the Groups Monthly Recurring Revenue (MRR) provides visibility and expectations for growth in 2025, with sales and profitability expected to be similar to 2024 levels. Big Technologies is well-positioned financially, with plans to invest in new technologies and target markets, and its electronic monitoring market remains supported by favorable tailwinds. The companys criminal justice solution, including the "Buddi Smart Tag" and "Buddi Eagle" software, offers accurate and reliable real-time tracking, cost savings, and strong revenue growth.