BRSD.L Share News (BRSD)

TRADING UPDATES: Brandshield shareholders approve AIM delisting

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

UK shareholder meetings calendar - next 7 days

EARNINGS AND TRADING: EDX Medical reports loss; Brandshield CFO leaves

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

IN BRIEF: Brandshield Systems asks for waiver of takeover code rule

Brandshield Systems PLC - London-based cybersecurity solutions provider - Proposes fundraise of up to GBP2.7 million via issuing 47.1 million shares, and a fundraise of GBP2.2 million in an open offer of up to 38.7 million shares, at 5.68 pence per share. Further, aims for cancellation of shares from AIM and a waiver under rule 9 of the takeover code. General meeting regarding the issues will be on October 13.

IN BRIEF: Brandshield Systems interim loss narrows on higher revenue

Brandshield Systems PLC - London-based cybersecurity solutions provider - Pretax loss in the first half of 2023 narrows to USD2.8 million from USD4.1 million a year prior. Revenue climbs to USD4.4 million from USD2.8 million. Sales and marketing expenses decrease to USD2.5 million from USD1.8 million. Looking ahead, notes "solid" start to the second half of 2023 and focuses on reducing cash burn which has a "marked impact on gross margins" as the company is on the way towards becoming cash positive, it says. Chief Executive Officer Yoav Keren says: "Our ongoing sales and marketing efforts, alongside the growing reputation that BrandShield continues to build across the industry for innovation and product excellence, as highlighted by Frost & Sullivan earlier in the year, continues to drive customer growth."

UK shareholder meetings calendar - next 7 days

IN BRIEF: Brandshield Systems annual loss widens amid higher costs

Brandshield Systems PLC - London-based cybersecurity solutions provider - Pretax loss in 2022 widens 16% to USD7.3 million from USD6.3 million the year before. Revenue rises 55% to USD6.4 million from USD4.1 million. Annual recurring revenue also rises, by 61% to USD8.4 million from USD5.2 million. However, cost of sales increase 58% to USD2.9 million from USD1.9 million, while other expenses widen 23% to USD10.4 million from USD8.5 million. The company says this was driven by solid business momentum, including multiple customer wins across a diverse range of sectors.

IN BRIEF: BrandShield joins Philippines anti-fraud agreement

BrandShield Systems PLC - London-based cybersecurity solutions provider - Joins agreement with the Philippine Intellectual Property Authority to establish code of practice for combatting online sales of counterfeit and pirated goods. Agreement aims to protect consumers from buying inferior and potentially dangerous products. BrandShield will work in collaboration with various organisations including Procter & Gamble PLC, Unilever PLC and the British Chamber of Commons of the Philippines, plus e-commerce platforms such as Lazada Group. Company says agreement is the latest "milestone" in its growing presence in Asia, and will enhance cooperation and knowledge sharing. It hopes this will lead to "proactive and effective strategies" to fight intellectual property infringements online.

TRADING UPDATES: Celsius hails MCB assays; Brandshield revenue rises

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

BrandShield raises GBP1.8 million to drive toward profitability

(Alliance News) - BrandShield Systems PLC on Tuesday said it raised GBP1.8 million to help maintain revenue growth and achieve profitability.

TRADING UPDATES: Rogue Baron names chair; Mobile Streams wins contract

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

TRADING UPDATES: BlackRock Smaller net asset value down; Insig hopeful

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

EARNINGS UPDATES: Hemogenyx hopes on cancer drug; IDE loss widens

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

TRADING UPDATES: DP Eurasia system sales rise; Journeo wins contract

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

EARNINGS UPDATES: Brandshield grows revenue; Xtract loss widens

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: