The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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hes just pointing out ccs is nothing like darktrace,
pedrobull, are you invested in this share? as you seem to be a bit negative. but in all fairness this may not be worth the same as dark, but we are in a sector which is only getting bigger, even if ccs have a small share of the pie it will be significant hopefully. i hope this turns out like TRCS or PRV, under the radar and moving. we have some good products and the good thing is we are always developing new ones. also look at the credentials of the board and management, we have some good guys for a tiddler
I take back they are both in Software & Computer Services but that's where the comparison ends.
DARK in their own words are "World leaders in Self-Learning AI - Learns your business. Minimizes cyber disruption. In this new era of threat, a fundamentally different approach to cyber defense is needed. With attacks coming from all directions, we need a digital immune system to learn how our business operates in order to help defend us."
Crossword has over 200 customers using Rizikon Assurance and/or our Consulting Services.
Rizikon Assurance is an online system that improves third-party assurance and risk management, through efficiency, automation and better visibility.
not even in the same line of business
if this did a Darktrace mcap, but i dunno are we even in the same products
Financial Highlights:
· Total revenue increased by 22% to £824,923.
· Product and Consulting revenue increased by 30% over the same period in the prior year.
· Consulting recurring revenue increased by more than 85% over the same period in the prior year.
· Total comprehensive loss for the period was £1,546,188, an increase of £152,995 over the same period in the prior year. The increase is due to additional overheads, particularly for legal and professional fees, as a result of corporate activities such as fund raise, acquisition, and share split, during the period.
· Cash and Cash Equivalents at 30 June 2021 were £682,407.
Market Cap at 33p is £25M
the problem is these guys have a huge number of clients and not much revenue to show for it, looks like software is low value items which needs very high turnover to get sales
If you missed the webinar with Mary Dowd CFO of Crossword Cybersecurity, you can view a recording here, Https://youtu.be/f3gJmvf8pnk
There is also a write up available here, Https://www.yellowstoneadvisory.com/post/crossword-cybersecurity-delivers-much-need-products-and-services-to-a-growing-market
no point posting a video from 2017!!!!!
There is no comparison between CCS & DARK.
Dark has AI software that generates huge recurring revenues.
CCS has Cyber in its name but doesn't scan emails and web traffic for spyware etc.
Elevate your supplier risk management with Rizikon Assurance
Rizikon Assurance is an Online System that improves Third-Party Assurance and Risk Management, through efficiency, automation and better visibility. The product helps organisations take control of third-party risk with secure online Assessments in your own branded portal, 360 degree risk Scorecards, a Dashboard of the risk across all suppliers and a host of other features and Standard Questionnaires.
Rizikon Assurance started as a cyber-risk tool based on some initial research by City, University of London – but has evolved into general third-party risk management. Rizikon Assurance is owned and developed by Crossword Cybersecurity PLC.
just waiting for the next rns, it would be nice to know how things are getting in oman and the gulf region. also rizikon pro hopefully sales picking up. not much news from verifiable credentials yet and the latest acquisition stega. hopefully this is the next PRV,TRCS,G4M
https://walletinvestor.com/lse-stock-forecast/ccs-stock-prediction
Forgot to mention was considering putting some Dark profits into here.
Anyone know when earnings are released on this one in guessing the interim is out soon. Could be some up side here from the Rizkon Pro with all the supplier issues anything that makes getting new suppliers quicker and easier is probably doing pretty well.
Darktrace stock soars as industrial-scale cyber attacks drive booming demand
Demand for its product has been supported by ‘a spate of advanced ransomware attacks that have caused severe disruption not only to businesses, but to critical national infrastructure’
ffs why only DARK, why not CCS
Reassuring, she seems to be an industry person with a strong CV.
Might she help with sales and marketing? Possibly.
This morning the CEO, David Chadwick, was interviewed on CNBC, the flagship business program of NBC. The interview was about COVID-19 passports and covered: privacy protection, security of certificates, business models and policy issues. The interview is available here
https://ql.mediasilo.com/ql/6064950fe4b0ec182295b8ab
But unfortunately this video might only be available for 14 days.
However it should always be available here (with adverts)
https://www.cnbc.com/video/2021/03/31/vaccine-passports-allow-for-choice-to-customers-wanting-to-get-out-again-academic-says.html
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https://www.ft.com/content/f6fa1f66-6a26-4ae0-b5a2-560c887b1998
$20bn
The amount Microsoft has pledged to spend on cyber security measures over five years, four times its current rate of investment
Following the meeting, the White House said the National Institute of Standards and Technology would work with companies to improve the integrity of the “software supply chain” and address weaknesses found within the patchwork of technologies and protocols that underpin many services.
Pichai said Alphabet’s Google unit would participate in that initiative and invest more than $10bn in cyber security during the next five years. The company pledged to train 100,000 Americans in related fields.
Arvind Krishna, IBM chief executive, said his company would train 150,000 workers in cyber security over the next three years, working closely with historically black colleges and universities.
Microsoft, which was the victim of a cyber attack in March, said it would spend $20bn on cyber security over five years, four times its current rate of investment. In addition, it would provide $150m in technical services to the national and local governments.
Amazon, which did not attach a monetary figure to its efforts, said it would share training materials it provided to its employees to guard against cyber attacks with the public.
Ardagh Group said that cyberattack on the packaging group in May led to a $34 million overall financial hit.
The glass and metal containers group said it was hit by a cyberattack on May 17 that forced it to shut down some of its systems as a precautionary measure.
Its Ardagh Metals Packaging (AMP) unit incurred about $16 million of the costs it had to endure as a result of the attack.
“Key systems have now been brought back online securely in a phased manner and in line with our plan,” it said.
“Production at all of our manufacturing facilities continued to operate throughout this period, though we experienced some shipping delays as a result of this incident.
“We have already taken various steps, including engaging leading industry specialists to conduct a forensic investigation of our systems and introducing additional protection tools across our network to further enhance the security of our IT systems.”
buy up all the smaller cyber companies, I think thats what DARKTRACE did, buy and build strategy
COMPARE & CONTRAST:
27th Apr 2021 7:00 am RNS 2020 Annual Results; AGM Notice; Board Changes
"... Delivered 25% revenue growth to GBP1.6m, despite the toughest economy in recent memory. ...
Loss of GBP2.3m and GBP1.0m closing cash. ..."
https://www.lse.co.uk/rns/CCS/2020-annual-results-agm-notice-board-changes-yfacggt05pxodct.html
11th Jun 2021 7:00 am RNS Final Results
"... Total recognised revenue increased by 22% to GBP1.43 million ...
Reduced operating loss of GBP2.88 million ...
... Cash balances at 31 December 2020 of GBP1.48 million ..."
https://www.lse.co.uk/rns/OSI/final-results-v0wdczyeqclzjvu.html
Current CSS s.p.: 33p, market cap. £19.15M.
Current OSI s.p.: 22p, market cap. £6.46M.
Interestingly, CCS was tipped by The Financial Mail on Sunday's Midas column on 2nd May, mentioning that the long-term potential of the business was underscored by the successful IPO of its much larger rival Darktrace at a valuation of £1.7bn.