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Pin to quick picksCorero Network Share News (CNS)

Share Price Information for Corero Network (CNS)

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Share Price: 14.00
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EARNINGS UPDATES: Northcoders swings to profit; AB Dynamics ups payout

Tue, 25th Apr 2023 14:54

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

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Iofina PLC - London-based iodine producer - Posts revenue of USD42.2 million for 2022, up from USD39.0 million in 2021. Pretax profit increases by 96% to USD10.0 million from USD5.1 million, as operating profit increases by 85% to USD9.6 million from USD5.2 million. Adjusted earnings before interest, tax, deprecation and amortisation amount to USD11.5 million, up 65% from USD6.9 million. Chief Executive Officer Tom Becker says "2023 has started well in terms of production from our existing plants and corresponding sales, with the market remaining strong and the company on track to meet its H1 production targets".

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Corero Network Security PLC - Amersham, Buckinghamshire-based distributed denial of service cyber defence solutions - Revenue for 2022 is USD20.1 million, down from USD20.9 million in 2021. Pretax profit falls to USD404,000 from USD1.4 million, as operating profit drops to USD676,000 from USD1.1 million a year earlier. Order intake, however, is up 13% to USD23.9 million from USD21.2 million. Looking ahead, says encouraged by the 2022 increase in new order intake, as it expects to grow its sales pipeline and revenue in 2023.

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Northcoders Group PLC - Manchester-based software coding training provider - Posts revenue of GBP5.6 million for 2022, up 86% from GBP3.0 million in 2021. Swings to a pretax profit of GBP346,429 from a loss of GBP523,588. Notes "significant growth in demand with 8,470 applications in 2022 compared to 3,662 in 2021. Cost of sales rises to GBP1.7 million from GBP848,392. Looking ahead, says trading to date has been in line with expectations. "We expect further significant growth in the year ahead with the balance weighted to the second half of the year", the firm says.

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AB Dynamics PLC - Bradford-on-Avon, Wiltshire-based testing systems and measurement products for the automotive market - Records revenue of GBP49.0 million for half-period ended on February 28, up 30% from GBP37.8 million a year before. However, pretax profit is down to GBP1.9 million from GBP2.3 million, as net finance expense is increased to GBP1.0 million from just GBP170,000 a year earlier. Declares an interim dividend of 1.94 pence each, up 10% from 1.76p a year prior. Looking ahead, says order book is solid, and keeps its expectations for 2023.

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By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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21 Jan 2020 11:50

Corero Network Security Outlook Confident Amid Record Order Intake

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19 Dec 2019 14:01

Corero Network Security Nets USD1.8 Million From New Orders

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2 Dec 2019 15:49

Corero signs two new customers, renews with a third

(Sharecast News) - Network security company Corero Network Security announced orders from two new customers for its 'SmartWall DDoS Protection-as-a-Service' (DDPaaS) solution on Monday, as well as a DDPaaS expansion order from an existing customer, totaling more than $1.1m over the course of the contracts.

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2 Dec 2019 15:38

Corero Network Security Wins Three Contracts Worth Over USD1 Million

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25 Nov 2019 13:44

Corero Network Security Seeks To Raise GBP3 Million Via Share Issue

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30 Oct 2019 12:28

Corero Network Security Delivers New Orders And Sales Progress

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25 Sep 2019 11:11

Corero Network Security Pipeline Problems Lead To Revenue Decline

Corero Network Security Pipeline Problems Lead To Revenue Decline

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25 Sep 2019 09:19

Corero Network's loss widens as orders miss expectations

(Sharecast News) - Shares in Corero Network Security slid on Wednesday as it reported a widened interim loss as revenue fell after the company received a lower number of orders than expected.

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16 Aug 2019 10:57

WINNERS & LOSERS SUMMARY: RBS Makes Partial Comeback After Steep Fall

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Hiscox, a

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16 Aug 2019 09:56

Corero Network To Post Widened Annual Loss Amid Increased Investments

(Alliance News) - Shares in Corero Network Security PLC plunged early Friday after the company issued a profit warning.Shares in Corero were down 46% at 3.42 pence each in London on Friday

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16 Aug 2019 08:52

Corero experiences slower than expected start to the year

(Sharecast News) - Network security company Corero stood by its 2019 revenue guidance on Friday despite witnessing a "slower" than expected start to the trading year.

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8 Jul 2019 11:40

Corero Network Security Wins Four Contracts For SmartWall Products

(Alliance News) - Corero Network Security PLC on Monday said it has secured two new customer orders and two expansion orders from existing customers, totalling USD1.0 million.The network of

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11 Apr 2019 11:09

Corero Network Security 2018 Loss Narrows On Improved SmartWall Sales

LONDON (Alliance News) - Corero Network Security PLC on Thursday said its loss narrowed in 2018 as revenue saw double digit growth on improved demand for its SmartWall product.The network a

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11 Apr 2019 08:27

Corero Network Security narrows loss as SmartWall sales leap

(Sharecast News) - Corero Network Security on Thursday reported a narrowed annual loss after an improvement in revenue driven by sales of its SmartWall technology.

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2 Apr 2019 12:19

Corero Network Security Seals First Order Under Juniper Networks Deal

LONDON (Alliance News) - Cyber security firm Corero Network Security PLC said Tuesday it had secured its first revenue generating order through its Juniper Networks resale the partnership an has a

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