Craneware Faces Revenue Drop After Cyber Incident

• •Craneware's revenue expectations have been reset to $185 million after a cyber incident.
• •The company's shares fell 25% following a downgrade by Peel Hunt due to the incident's impact.
• •The immediate effects of the cyber incident were contained, but long-term financial consequences are still uncertain.

Craneware PLC has revised its revenue expectations to approximately $185 million for the fiscal year ending June 2027, following a cyber security incident in July 2026. The healthcare software company reported a 25% drop in share price after Peel Hunt downgraded its profit forecasts, citing the incident's potential financial impact. While the immediate effects of the cyber incident were contained, the long-term consequences on customer engagement and financial performance remain uncertain. Craneware's revenue for the year ending June 30, 2026, was reported at $206 million, with adjusted EBITDA increasing by 3% to $67.1 million. The company is conducting a comprehensive review of its cost base while aiming to maintain its EBITDA margin. Peel Hunt has adjusted its EBITDA estimates for 2027 and 2028 down by 36% and 26%, respectively, reflecting a more cautious outlook due to the incident.