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
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Tel.
+ 44 (0)1455 558111
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|
Klaas van der Leest
|
CEO
|
|
Nitil Patel
|
CFO
|
|
|
|
|
Cavendish Capital Markets Limited
|
Tel.
+ 44 (0)20 7220 0500
|
|
Marc Milmo/Fergus Sullivan
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Corporate Finance
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Tim Redfern
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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
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.