Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Tom Ilube, chief executive, said he was excited about the opportunities with AI and LLMs (Large Language Models), adding that “Crossword is fortunate to be operating in the cyber security sector where client spend has held up well in the first half of the year".
Major cyberattack
Https://www.theguardian.com/business/2023/dec/31/cyber-hackers-target-uk-nuclear-waste-company-rwm
If ccs have a bumper year next year as promised,
this may be the last short period of cheap shares,
The company was so certain of reaching 6million mark I bet there kicking them self's,
It wouldnt supprise me to see this stock bounce back up after frends and family load up,
H2 BREAK EVEN CASH ON A MONTHLY BASES SHE SAYS,
Cyber attacks been rising 358% 2020 125%2021 and volumes continues to threaten businesses and individuals,
Reason I sold out today, taking a £4k hit!
Held 20000 of these for a few years. So much promise but NO delivery.
28 November 2023 - London, UK - Crossword Cybersecurity Plc (AIM:CCS, "Crossword", the "Company" or the "Group"), the cybersecurity solutions company focused on cyber strategy and risk, today announces a trading update for the year ending 31 December 2023.
Full-year guidance
In the first half of 2023, Crossword shifted its focus to establishing a clear path to profitability with its current suite of products and dedicated staff, which continues to be our direction and strategy. In the second half of 2023, revenue growth has not been as strong as expected. The pipeline remains strong, but conversion from pipeline to contracts has slowed down. This means that contract opportunities expected to commence in Q4 2023 are now expected to commence in 2024. As a result, Crossword expects FY23 revenue to be in the range of £4.1m to £4.3m, as opposed to the previously guided £6m of revenue.
Given our focus on path to profitability, costs have continued to be tightly controlled during FY23, resulting in net losses before taxation expected to be broadly in line with current market expectations.
Outlook
The Company has previously guided to 2024 revenue of c£8m, the Company believes that revenue is more likely to be circa £7m for 2024.
The Company remains firmly committed to achieving profitability without needing to raise additional capital and remains on target to achieve EBITDA and cash breakeven on a monthly basis during H2 2024.
Certainly gives some hope the worry is the majority of their income is from professional services which will be low margin as people costs will be high. Higher margin (100%) software is what profits will rely on as with all other cyber security businesses.
"The focus is also on higher-margin business segments and key accounts that can leverage a broader range of Crossword's products and services. "
Dont shoot the messenger petro.
https://www.proactiveinvestors.co.uk/companies/news/1025120/crossword-cybersecurity-fully-funded-for-path-to-profitability-1025120.html
Now 7.00 ....Cyber industry has took a drop good time to buy in here and GRC...good cyber security stocks
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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Kodal Minerals PLC, up 21% at 0.52 pence, 12-month change 0.20-0.93p. The West Africa-focused mineral explorer and developer says its subsidiary Kodal Mining UK Ltd, Hainan Mining Co Ltd and Hainan's subsidiary Xinmao Investment Co Ltd have approved an extension for the Bougouni lithium project funding package, originally announced in January. Deadline moves to September 30 from August 31. Continues to work with the Mali government to finalise the remaining compliance that will complete the funding. Notes all approvals have been obtained from the Chinese government. Adds that it has also completed the full registration of a new mining company, Le Mines de Lithium de Bougouni SA, which is a 100% subsidiary of Kodal Mining UK.
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Crossword Cybersecurity PLC, up 7.7% at 7.00 pence, 12-month range 6.00-26.00p. The cybersecurity firm expects to report revenue of GBP1.9 million in the six months ended June, up 27% from the year prior. Notes there has not been a slowdown in cybersecurity spending among its core regulated and critical national infrastructure clients. Consequently, expects to meet market expectations for full-year revenue. Adds its overall gross margin improved by 4 percentage points in the first half of the year and its administrative expenses have stabilised. Eyes a revenue growth rate of 30% for 2024 and aims to deliver earnings before interest, tax, depreciation and amortisation and cash breakeven on a monthly basis during the second half of 2024.
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Now...expect this and KRPZ to rise this afternoon
15 percent now
Great time to be in CCS and GRC....Technical saying good time to get in as oversold.....DYOR
In the first half of 2023, Crossword shifted its focus towards establishing a clear path to profitability. Profitability will be underpinned by continuing strong revenue growth, margin improvement and cost containment.
Revenue Growth
Crossword expects to report revenue of £1.9m (unaudited) for the 6 months ended 30 June 2023, an increase of 27% from the same period in the previous year and has not seen a slow-down in cyber security spend amongst its core regulated and critical national infrastructure clients. Strong revenue growth was experienced across all revenue lines and ARR at the end of H1 2023 was £2.7m, growth of 35% compared to the same period in the prior year. Software Engineering services revenue in H1 2023 helped to strengthen ties with a key partner and provided a valuable development opportunity for staff. Crossword continued to leverage its' 100+ client base to cross sell and has increased emphasis on targeting its larger clients that can make full use of Crossword's range of products and services.
RNS out today, expect this and GRC to BOTH rise Significantly.....good update today ....imho
This has dropped into just hold and forget pricing now?
Have recently been snaffling up any loose shares.
Hopefully on the back of, a significant increase in company sales.
Means that there are 99 companies that have got more of a clue!
Explains the pathetic share price.
Someone asked about the SP drop from 22p right at the end of Q&A and further asked about funding, the question was not really answered by the CEO.
well im down about 80% on this stock already. theyve really got things wrong with the share price and also now theyve said they need to raise, just not good.
I’m beginning to think you aren’t keen draft!
;-)
u need plenty of lube to be in this one. what a mess
did anyone in that interview bother to ask about the sharp price drop and the losses>?