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Falanx shares plunge as company moves into the red

Wed, 15th Jul 2015 09:54

(ShareCast News) - Shares in security firm Falanx have lost more than a quarter after the company reported a pre-tax loss.At 0914 BST shares were down 25.78% to 9.37p as the company reported full-year revenue drop from £4.44m to £1.92m.In its full-year results, Falanx posted a pre-tax loss of £2.2m, from a £9,367 profit the year before.The company said it was impacted by the loss of a Middle Eastern contract which was suspended after the death of a leader. Falanx remained hopeful of being invited back to finish the assignment.Chief executive John Blamire said the company had invested carefully into its cyber offer and wider sales group functions."Our platform for growth, particularly with regard to Cyber, is now well established and we see considerable opportunities for cross sell across our divisions and strong customer base. We have a very strong pipeline for the year ahead and look forward to driving long term growth for our shareholders."
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6 Mar 2018 10:16

Falanx Group Raises GBP4.6 Million To Fund First Base Takeover (ALLISS)

LONDON (Alliance News) - Falanx Group Ltd said Tuesday it has raised GBP4.6 million after placing 102.2 million shares at a price of 4.5 pence to

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13 Feb 2017 16:23

Falanx establishes 'Cyber Technologies' business unit

(ShareCast News) - Global intelligence, security and cyber defence provider Falanx Group announced the establishment of Falanx Cyber Technologies on Monday, which it said had been created in order to gain "significant commercial advantage" from the management of advanced cyber threats. The AIM-trade

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20 Dec 2016 14:47

DIRECTOR DEALINGS: New Falanx CEO Buys First Shares

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1 Nov 2016 14:57

Falanx Group cyber revenue grows more than 1000pc

(ShareCast News) - Global intelligence, security and cyber defence provider Falanx Group announced its interim results for the six months to 30 September on Tuesday, with the board claiming significantly increased cyber revenue to £0.3m. The AIM-traded company said that growth of 1130% was now contr

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17 Oct 2016 10:52

Falanx appoints new CEO, trades in line with expectations

(ShareCast News) - Intelligence, security and cyber defence provider Falanx Group announced the appointment of Stuart Bladen as chief executive officer with immediate effect on Monday. The AIM-traded firm also provided an update on its trading for the six months to 30 September. On the appointment

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18 Jul 2016 08:22

Falanx Loss Widens On Restructuring But New Year Trading Encouraging

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11 Jul 2016 15:06

UK Earnings, Trading Statements Calendar - Next 7 Days

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11 May 2016 09:29

Falanx Says Trading In Line As It Wins Health Foundation Contract (ALLISS)

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5 May 2016 16:02

LONDON MARKET CLOSE: Stocks Flat After Flurry Of Blue-Chip Activity

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5 May 2016 09:38

WINNERS & LOSERS SUMMARY: Centrica Feels The Heat Over Fundraising

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5 May 2016 08:17

Falanx Shares Fall 30% As It Makes Acquisition And Raises Funds (ALLISS)

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21 Mar 2016 10:45

WINNERS & LOSERS SUMMARY: Hexion Acquisition Sends Synthomer Higher

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21 Mar 2016 08:20

Falanx Shares Rise As It Wins UK Government Cyber Defence Deal

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2 Feb 2016 09:34

Falanx Group Appoints Mike Read As Non-Executive Chairman

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21 Dec 2015 11:22

Falanx Wins Four Year Contract With UK Government Department

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