REG - Intercede Group PLC - Trading Update

IntercedeAnnouncement

11/10/2021 07:05

RNS Number : 5692O
  
Intercede Group PLC
  
11 October 2021
  
 

11 October 2021
Intercede Group plc
 
("Intercede" or the "Company")
 
Trading Update
 
Intercede, the leading specialist in digital identity, credential management and secure mobility, is pleased to report further good progress. 
 
Revenues for the six months ended 30 September 2021 totalling £4.9m are approximately 9% higher than last year on a constant currency basis and 2% higher on a reported basis (2020: £4.8m on a reported basis). This is in line with expectations and reflects orders received from both new and existing customers as previously advised in announcements on 5 July and 15 September 2021. 
 
We are also pleased to report that continued tight cost control has resulted in a positive operating cashflow during the period with cash balances as at 30 September 2021 totalling £8.5m compared to £8.0m as at 31 March 2021. 
 
       
ENQUIRIES
 



Intercede Group plc


Tel.      +44 (0)1455 558111




Klaas van der Leest, Chief Executive
Andrew Walker, Finance Director


















finnCap


Tel.      + 44 (0)20 7220 0500




Stuart Andrews/Simon Hicks, Corporate Finance








Tim Redfern/Charlotte Sutcliffe, ECM 

















 
About Intercede
 
Intercede is a cybersecurity company specialising in digital identities, derived credentials and access control, enabling digital trust in a mobile world.
 
Headquartered in the UK, with offices in the US, we believe in a connected world in which people and technology are free to exchange information securely, and complex insecure passwords become a thing of the past.
 
Our vision is to make the highest levels of cybersecurity available to organizations and consumers alike, solving complexity and scalability issues by managing high volumes of digital credentials.
 
We have been delivering trusted solutions to high profile customers for over 20 years. Our team of experts has deployed millions of identities to governments, most of the largest aerospace and defence corporations, and major financial services and healthcare organizations, as well as leading telecommunications, cloud services and information technology firms, providing industry-leading employee and customer credential management systems.
 
For more information visit: www.intercede.com
 
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

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