Crossrider Share Price (CROS)

Name change today. Crossrider has become Kape Technologies plc

"Revenues are expected to be in the region of $65.8 million (2016: $56.5 million), representing growth of c. 16% and Adjusted EBITDA for the year is expected to be c. $8.3 million (2016: $6.4 million), representing growth of c. 29%. Strong underlying Adjusted EBITDA growth of c.154%, from core activities, excluding the discontinued Web Apps and License division2, highlights the Group's organic growth and increasingly expansive international customer base for its core software solutions. The Company's balance sheet is strong with a cash balance at year-end of $69.4 million after $7.7 million of acquisition related payments (31 December 2016: $72.1 million). Crossrider continues to execute on its stated strategy to focus on expanding its SaaS operating business model, as evidenced by an increase in deferred income of c. 70% in December 2017 to $3.9 million (June 2017: $2.3 million). This is central to the Group generating high quality recurring revenue streams. CyberGhost S.A. ("CyberGhost"), Crossrider's online privacy solution, has performed ahead of management's expectations both in revenues and profitability following its highly successful integration. This strong performance has accelerated in the second half of 2017, with the continued leveraging of Crossrider's expertise and technology in user acquisition." I'm no accountant, but this sounds great. It continues: "The Company will report its results for the year ended 31 December 2017 in March 2018. The board is confident in delivering year-on-year growth in 2018, in-line with market expectations. Ido Erlichman, Chief Executive of Crossrider, commented: "2017 was a pivotal year in the development of Crossrider, having continued to execute on our stated strategy, resulting in strong financial growth across all key financial metrics as well as successful broadening of our operational reach. "Having delivered strong growth both organically and through acquisition, we expect to deliver further progress in 2018 underpinned by expanding our customer base and increasing cross-selling activities as well as further potential acquisitions."" 2% rise a bit measly.

"Capital Markets Day Crossrider (AIM: CROS) is today hosting a Capital Markets Day for analysts and investors at the Andaz Hotel, 40 Liverpool St, London EC2M 7QN. The purpose of the event is to provide further insight into the Company's activity in the consumer cyber security arena, providing a comprehensive overview on its growth strategy, software development and sector dynamics. No material new information will be provided and copies of the presentations will be made available on the Group's website at www.crossrider.com following the event." With no material new information being provided that looks like a marketing exercise. Great. So many companies seem to just bury their heads: investors are a nuisance. And you don't open yourselves up like this, I would say, unless you are confident in what you have to offer. Encouraged.

Forgive me: Simon has a huge number of recommendations in 2017. I'm not even going to count them, but some look great. That's fine, but most pro traders would see taking all his recommendations as over trading and only benefiting the brokers with lots of commission. I'm bullish on CROSS, but as they say on many of these boards DYOR.

https://www.investorschronicle.co.uk/comment/2017/09/13/profiting-from-cyber-crime He recommends the shares as a strong buy.