Darktrace Swings into Profit8 Sep 2022 08:59
“ The company swung to a net profit of $1.5m from a loss of $145.8m the year before. It said the FY 2021 loss was largely driven by $109.2m in finance costs related to the now extinguished convertible loan notes.
Meanwhile, revenues grew 45.7% to $415.5m. Based on its final FY 2022 revenue, Darktrace lifted its expectations for FY 2023 revenue growth to between 30% and 33%, from between 29% and 32%.
Chief executive Poppy Gustafsson said: "We have a proven business model, which is generating cash. Today's results are yet another example of our strong performance. Being listed on the London Stock Exchange is exactly where we want to be right now."”