REG - Brandshield Systems - Key Financial Milestone

Brandshield SystemsAnnouncement

06/12/2021 07:00

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RNS Number : 6468U  Brandshield Systems PLC  06 December 2021

 

6 December 2021

 

BrandShield Systems plc

 

("BrandShield" or the "Company)

 

Key Financial Milestone

 

BrandShield surpasses $5.0 million in Annual Recurring Revenues

 

BrandShield Systems plc (AIM: BRSD), a leading provider of cybersecurity
solutions from brand protection to online threat hunting, is pleased to
announce that it has surpassed $5.0 million in Annual Recurring Revenue
('ARR'), the Company's primary key performance indicator, for the current
financial year ending 31 December 2021.

 

This significant strategic and financial milestone is a 79% increase from $2.8
million, the Company's ARR in December 2020, at the time of BrandShield's
listing on AIM. This growth reflects the strong demand from customers for
BrandShield's unique offering, which protects brands from online threats and
scams performed through phishing, fraud, impersonation and counterfeiting
across all online platforms, including websites, social media, ecommerce
marketplace platforms, mobile app platforms and online advertising.

 

The ongoing momentum that BrandShield continues to build reinforces
management's belief that the Company is ideally placed to capitalise further
in the medium term.

 

BrandShield has also experienced strong customer traction in 2021, with the
number of customers deployed across the Company's platform growing by 47 to
121 customers. In addition, the Company has seen high levels of demand across
the financial, fintech, consumer goods, e-commerce and healthcare sectors,
including world known brands in each of these sectors.

 

Yoav Keren, Chief Executive Officer of BrandShield, commented:

 

"We are delighted to have achieved such an important financial milestone which
is yet another clear indication that we have the right products at the right
time. Equally, it is pleasing to see the strong customer traction we have
generated this year, and our ability to attract leading brands across a number
of high-growth sectors."

 

"We look forward to updating the market in early-2022 with a more detailed
review of our progress this year."

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH
LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

 

Enquiries:

 

 BrandShield Systems plc                              +44 (0)20 3143 8300

 Yoav Keren, CEO

 Spark Advisory Partners Limited (Nominated Adviser)  +44 (0)20 3368 3554

 Neil Baldwin / Andrew Emmott / James Keeshan

 Shore Capital (Joint Broker)                         +44 (0)20 7408 4090

 Toby Gibbs / James Thomas (Corporate Advisory)

 Henry Willcocks (Corporate Broking)

 Tennyson Securities (Joint Broker)                   +44 (0)20 3368 3554

 Peter Krens

 Vigo Consulting (Financial Public Relations)         +44 (0)20 7390 0237

 Jeremy Garcia / Antonia Pollock

 brandshield@vigoconsulting.com

 

 

About BrandShield

BrandShield is a leading cybersecurity company founded in Israel by
cybersecurity experts that protect the world's largest brands and consumers
from phishing attacks, online fraud, and other online threats posed by
dangerous cybercriminals. Through its AI/ML platform, BrandShield identifies,
tracks, and eliminates online threats for global brands and organizations,
including Bristol Myers Squibb, Levi's, NewBalance, Swisscom, and the
Pharmaceutical Security Institute. BrandShield is quoted on the London Stock
Exchange AIM under ticker symbol BRSD. To learn more about BrandShield, please
visit the company website at www.BrandShield.com (http://www.BrandShield.com)
.

 

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