14th Jan 2019 10:13
LONDON (Alliance News) - Cybersecurity software provider Osirium Technologies PLC said on Monday that trading for 2018 has improved year-on-year, and is set to be "significantly ahead" of 2017.
Revenue for the 2018 is expected to be at least GBP950,000, up 47% from GBP647,580 the year before.
Osirium had a cash balance of GBP2.3 million as at the end of 2018, up from GBP1.0 million at the end of 2017.
Osirium said that within the first quarter of 2019, the group has had more proof of concepts scheduled than in the whole of 2018.
"We are pleased with the strong progress made during the period. As well as winning new UK accounts in sectors such as financial services and retail, where we had an established presence, the Group also secured customers in the drinks manufacturing, energy and utilities sectors," said Chief Executive Officer David Guyatt.
Shares in Osirium Technologies were down 1.4% at 120.75 pence on Monday.
Related Shares:
Osirium Tech