REG - Intercede Group PLC - Trading Update

IntercedeAnnouncement

08/10/2024 07:00

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RNS Number : 2509H  Intercede Group PLC  08 October 2024

 

 

08 October 2024

INTERCEDE GROUP plc

('Intercede', the 'Company' or the 'Group')

Trading Update

Intercede, the leading cybersecurity software company specialising in digital
identities, today announces the following trading update for the six months
ending 30 September 2024 (H1 FY25).

The Group is pleased to announce that revenues for H1 FY25 are expected to be
approximately £8.54m (2024: £6.99m), 22% higher than H1 FY24 and 29% higher
on a constant currency basis. This is in line with management expectations.

 

As at 30 September 2024, gross cash balances totalled £16.2m (2023: £9.7m)
and was £17.2m as at 31 March 2024. The Group has no debt.

 

Further details will be provided within Intercede's final H1 results which are
expected to be published on 26 November 2024.

 

ENQUIRIES

 Intercede Group plc                Tel. + 44 (0)1455 558111
 Klaas van der Leest                CEO
 Nitil Patel                        CFO

 Cavendish Capital Markets Limited  Tel. + 44 (0)20 7220 0500
 Marc Milmo/Fergus Sullivan         Corporate Finance
 Tim Redfern                        ECM

 

About Intercede

Intercede is a cybersecurity software company specialising in digital
identities, and its innovative solutions enable organisations to protect
themselves against the number one cause of data breach: compromised user
credentials.

 

The Intercede suite of products allows customers to choose the level of
security that best fits their needs, from Secure Registration and ID
Verification to Password Security Management, One-Time Passwords, FIDO and
PKI. Uniquely, Intercede provides the entire set of authentication options
from Passwords to PKI, supporting customers on their journey to passwordless
and stronger authentication environments. In addition to developing and
supporting Intercede software, the Group offers professional services and
custom development capabilities as well as managing the world's largest
password breach database.

 

For over 20 years, global customers in government, aerospace and defence,
financial services, healthcare, telecommunications, cloud services and
information technology have trusted Intercede solutions and expertise in
protecting their mission critical data and systems at the highest level of
assurance.

For more information visit: www.intercede.com (http://www.intercede.com)

 

The information communicated in 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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