NARF Industries PLC said that its share suspension will be lifted on Friday, following the publication of its results earlier this week.
The US-focused cybersecurity provider said the suspension on its shares will be lifted later Friday.
On Tuesday, NARF reported contract revenue of $2.6 million in the year to December 31, 2022, up from $1.9 million the year prior. Its pretax loss multiplied to $18.4 million from $770,579 before with loss per share of 1.3 pence compared to 0.1p.
In 2023, NARF expects revenue to more than double to $5.8 million in 2023 and forecasts a 50% fall in operating expense of $1.4 million when compared to 2022. It also targets break-even earnings before interest, taxation, depreciation and amortisation for 2023.
Executive Chair, John Herring said: ‘To avoid any further delays in returning our shares to trading we took the difficult decision of accepting a number of disclaimers and qualifications to the audit report at this time, but are working to resolve all 2022 matters and preclude any future disruption to timely reporting.’
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