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112.50 0.00 (0.00%)

Bid:

110.00

Ask:

115.00

Spread: 5.00 (4.545%)

Market Cap: £67.68m

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IN BRIEF: Intercede expects interim revenue in line with expectations

Tue, 08th Oct 2024 11:43

Intercede Group PLC - Leicestershire, England-based cybersecurity software firm - Says it expects revenue for the six months to September 30 to be around GBP8.5 million, up 21% from GBP7.0 million at the same time last year. This is in line with management expectations. The update comes after Intercede announced further contract orders and renewals of more than USD1.9 million in aggregate last week on September 30, which further underpins the group's 2025 revenue. Intercede is due to release its interim results on November 26.

Broker Cavendish predicts 2025 revenue of GBP16.1 million at the year-end on March 31 and adjusted pretax profit of GBP3.0 million for the group.

Current stock price: 188.74 pence, down 4.7% in London on Tuesday morning

12-month change: up sharply from 44.00p at October 9, 2023

By Emily Parsons, Alliance News reporter

Comments and questions to newsroom@alliancenews.com