16th Jan 2023 16:39
Crossword Cybersecurity PLC - London-based cybersecurity solutions provider - Forecasts 2022 revenue to be up 59% to GBP3.7 million from a year earlier. Expects 2023 revenue growth of around 60% to GBP6 million. Says trading in the second half of 2022 was strong, with cybersecurity consulting and product-related revenue growth of over 100% compared to the first half of the year. Says "intensified" demand for its products and services in the second half of the year provides strong momentum going into 2023.
Chief Executive Officer Tom Ilube says: "Crossword's strategy is to continue building on its organic revenue growth and to acquire outstanding cyber security companies that complement and diversify its revenue base... Crossword enters 2023 with strong momentum and a highly capable team to leverage a growing pipeline and we look forward to updating shareholders on progress."
Current stock price: 17.00 pence, down 8.1% on Monday afternoon
12-month change: down 53%
By Greg Rosenvinge, Alliance News reporter
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