1st Nov 2022 14:14
Osirium Technologies PLC - Berkshire, England-based cybersecurity firm - Says bookings for the nine months to September 30 were up 56% to GBP2.5 million, compared to GBP1.6 million a year before. Cash balance as at September 30 amounts to GBP32,000. In the third quarter, Osirium says it has continued to grow its "customer base alongside expanding the products and services it delivers to existing customers". Says healthcare, financial services and higher education continue to represent key growth drivers that support the group's year-on-year growth.
"We have maintained our focus on attracting new customers alongside expanding with existing customers, as evidenced by our significant, multi-year contract renewals with customers in the financial services and IT sectors previously announced in the third quarter," says Chief Executive Officer David Guyatt.
In July, Osirium said in the first half of 2022, revenue was up 23% to GBP910,000 from GBP740,000 year-on-year. Annualised recurring revenue was also up 29% to GBP1.6 million from GBP1.3 million.
Current stock price: 4.74 pence, up 72% on Tuesday afternoon in London
12-month change: down 75%
By Xindi Wei; [email protected]
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