BATM Wins $4m Quantum Security Order

BATM Advanced Communications (LON: BVC), the maker of network and cybersecurity hardware, announced a further $4.0m order for its quantum-era-ready cybersecurity platform before the market opened today. The shares did not rise on the news.

The stock was down about 1.9% at 11.13p by 8.32am (a delayed quote), from yesterday’s close of 11.35p. The day’s range was 11.1p to 11.3p on 156,360 shares traded, heavy against 20,850 yesterday. The shares closed yesterday 11.3% below their 12.8p close on the 3rd of August.

The units are due for delivery during 2027. The order expands an existing agreement with an unnamed customer for the hardware-based platform, which means security delivered in dedicated physical units. BATM is also developing an ultra-high-speed next generation of the platform with the same customer, first noted on the 12th of May 2025.

Chief executive Moti Nagar said the repeat business showed how the customer viewed the product:

This further validates the strength of our solution, the value it brings to them and that they see it as part of their technology roadmap.

Moti Nagar, Chief Executive Officer, BATM

The order is modest. On our arithmetic, $4.0m is about 3.8% of trailing 12-month revenue (sales over the last year) of $104.565m, and about 9.6% of the $41.7m adjusted revenue BATM reported for the first half of 2026, per RTTNews. That compares with $39.7m a year earlier.

The group posted a pre-tax loss for the half, and its trailing profit margin is -15.89%. What the order adds is dated revenue for 2027, not a change in that picture.

Nagar said BATM was seeing growing interest in post-quantum security, meaning encryption designed to resist future quantum computers, from operators and other organisations seeking to protect themselves and their clients.

The shares had edged up before today, gaining 3.2% over the past five sessions, from 11.0p to yesterday’s 11.35p. They remain close to the 10.6p low of the 2nd of October.