shearwater group said thursday it will report a fall in revenue for the year ended march 31 with adjusted ebitda at around breakeven and that fiscal 2024 has seen improving market conditions the londonlisted cybersecurity company said it had a strong pipeline across key industries and in the banking and telecom sectors specifically the company said it expects revenue to be around 270 million pounds 336 million and for adjusted earnings before interest taxes depreciation and amortization to be around the gbp44 million reported in fiscal 2022 the company said its net cash position as at march 31 was gbp40 million and that its healthy balance sheet will be further strengthened through cash generation in fiscal 2024 the improving outlook and growing pipeline of opportunities is providing the group with a firm foundation on which to deliver solid sustainable revenues and profit growth in the years ahead the company said shares at 0713 gmt were up 2 pence or 36 at 58 pence