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IN BRIEF: Osirium Technologies shares up amid new customer wins

Tue, 09th May 2023 11:30

Osirium Technologies PLC - Cardiff, Wales-based cybersecurity firm - Says its annual recurring revenue for the first quarter of 2023 was GBP2.0 million, up 25% from GBP1.6 million a year prior. Cash balance and debtor position at March 31 was GBP690,000. Based on previous years, expects to receive a research and development tax credit of around GBP600,000 before the end of the first half of 2023. Attributes "positive momentum" into the new year to new customer wins in utilities and chemicals sectors as well as expansions within its existing customers.

Current stock price: 1.70 pence, up 13%

12-month change: down 81%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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15 Jan 2021 14:29

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(Sharecast News) - Cybersecurity firm Osirium Technologies said on Wednesday that it had experienced little impact to trading so far as a result of the Covid-19 outbreak, but cautioned that it could not fully predict the virus' effects on its future performance.

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