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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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Osirium Technologies expands relationship with public sector IT provider

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17 May 2019 09:24

Significant Osirium Technologies Customer Extends Contract By 3 Years

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17 May 2019 09:06

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(Sharecast News) - Osirium Technologies has won a three-year contract extension for its PxM cyber security product offering with a "leading" global asset manager.

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