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Defenx in line with expectations as it expands channel partner network

Tue, 24th Jan 2017 12:37

(ShareCast News) - Swiss security software firm Defenx anticipates that its maiden full year results will be in line with expectations, as revenue rose and a strong second half brought the company into profitability.For the 2016 calendar year, revenues surged 57% year-on-year to €7.3m on an organic basis, or a 63% increase if including the contribution from Memopal, a cloud computing firm, which the company bought in August for €2.3m.The second half the year bought the company into profitability as the operating margins widened compared to the previous year.The company, which floated on AIM in December 2015, said that it is on track to launch new products, enter new markets and broaden its management team in 2017, while it is confident that revenue and profit will continue to grow in the mobile security software market.The acquisition of Italy-based Memopal has diversified the company's product portfolio and added new channel partners, development and support staff, and is expected to be earnings enhancing after sales and costs in 2017.During last year, the company launched its mobile security suite on Café Bazaar Playstore, an Iranian Android app marketplace which receives about 20m visits each week and offers more than 25,000 downloadable apps, and also signed agreements with eight new channel partners.In October, the company raised €1.5m after expenses, in order to invest in its software development, and together with new €1.2m debt facilities, Defenx is now funded for its current plans.Chief executive Andrea Stecconi, said: "I am pleased that, in our first full year on AIM, we have delivered significant revenue growth by pursuing our strategy of growing the Defenx product portfolio and expanding our channel partner network."In addition, we successfully completed our first acquisition and raised €1.5m to accelerate growth. Our business to business to customer model continues to enable us to capitalise profitably on increasing public awareness of mobile security and privacy threats."Shares in Defenx were up 1.69% to 90p at 1022 GMT.

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18 Mar 2019 11:30

Defenx Draws Down EUR300,000 Under BV Tech Loan, Mulls Funding Options

LONDON (Alliance News) - Defenx PLC on Monday said it has secured EUR300,000 following the final drawdown of an unsecured loan of EUR950,000 provided by its majority shareholder BV Tech software a

4 Jan 2019 15:21

Defenx Draws Down EUR500,000 Of Loan From Majority Shareholder (ALLISS)

LONDON (Alliance News) - Defenx PLC on Friday said it has received EUR500,000 following a further draw down of the unsecured loan provided by its majority shareholder BV Tech SpA.The loan a

31 Oct 2018 09:38

Defenx Expects Sharp 2018 Revenue Drop, But Cashflow Positive In 2019

LONDON (Alliance News) - Cyber-security software firm Defenx PLC said Wednesday its expects 2018 revenue to be "significantly" lower than 2017, but it expects 2019 to see the business -

18 Oct 2018 12:24

Defenx To Issue 1.7 Million Shares To BV In Conversion Notice (ALLISS)

LONDON (Alliance News) - Cyber-security software firm Defenx PLC said Thursday it will issue 1.6 million shares to BV Tech SpA pursuant to the first conversion from its convertible loan company at

16 Oct 2018 13:18

Defenx Makes First Draw Down From EUR950,000 BV Tech Loan

LONDON (Alliance News) -Cyber-security software firm Defenx PLC on Tuesday said it has made its first draw down of EUR150,000 from its convertible loan facility from BV Tech SpA.Shares in a

2 Oct 2018 10:40

WINNERS & LOSERS SUMMARY: Royal Mail Woes Continue Amid Profit Warning

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

2 Oct 2018 10:09

Defenx Shares Restored To Trading As It Secures EUR950,000 Loan (ALLISS)

LONDON (Alliance News) - Cyber-security software group Defenx PLC said on Tuesday its shares were restored to trading as it signed an agreement with BV Tech Spa for an unsecured loan of which is

1 Oct 2018 18:37

Defenx Recieves EUR950,000 Loan From BV Tech Shareholder

LONDON (Alliance News) - Cyber-security software company Defenx PLC on Monday said its pretax loss widened in the first half of the year due to a drop in revenue.Revenue fell to EUR701,000

2 Aug 2018 13:16

Defenx Appoints Two New Non-Executive Directors To Board

LONDON (Alliance News) - Cyber-security software group Defenx PLC said Thursday it has appointed Nic Hellyer and Giorgio Beretta as non-executive directors of the board.Hellyer was formerly

2 Jul 2018 13:27

UPDATE: Nine Firms Suspended From AIM After Missing Results Deadline (ALLISS)

LONDON (Alliance News) - Nine companies got their shares temporary suspended from trading on AIM on Monday after they failed to publish their annual report and accounts.Rule 19 of the AIM a

25 May 2018 16:58

LONDON MARKET CLOSE: Stocks Higher Despite Slowdown In UK GDP Growth

LONDON (Alliance News) - Stocks in London closed marginally higher Friday as investors offered a muted response to preliminary UK gross domestic product figures as they eye potential upwards revision

25 May 2018 11:28

Defenx Chief Executive Officer Alessandro Poerio To Step Down

LONDON (Alliance News) - Cyber-security software group Defenx PLC said Friday that Chief Executive Officer Alessandro Poerio will leave his role and the company next Thursday.He will be by

24 Jan 2017 09:13

Defenx Revenue Grows Strongly In 2016, To Launch New Products In 2017

7 Oct 2016 08:29

Defenx raises £1.5m in placing and subscription

(ShareCast News) - Mobile security software solutions company Defenx announced a conditional placing and subscription of 1,897,500 new ordinary shares of £0.018 each on Friday, at a price of 80p per share, raising gross proceeds of approximately £1.52m. The AIM-traded firm said the fundraise consist

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