Member Info for ria20

Now on the leaderboard

Great and fabulous start this morning

Up 10 percent

Moving up the leaderboard nicely

Ticking up

I don't care what you do Davey50 ...i just talk about the share price and my technical analysis and my opinion....simple

Great start for the first 1 hr 30 minutes expect we should have a major rally upwards today if we have the same or volumes as the beginning of the day

Good volume today and buys outstripping sells

You mum cared when you was on the leaderboard at school ....so loads of people care who is on the leaderboard!!!!

On the leaderboard

UP 5 PERCENT NOW

Risers again today as well

Expect this should break 0.16 very soon today....buying pressure strong

This morning

This should bounce back above 10.00+ very soon

So very cheap and great time to buy this now

Up 2 percent....now

Today 07:00

RNS Number : 3344L

GRC International Group PLC

05 September 2023

05 September 2023

GRC International Group Plc

("GRC" or the "Group")

Final results for the year ended 31 March 2023

FY23 revenue growth and positive EBITDA

Trading remains robust and in-line with expectations for FY24

GRC International Group PLC (AIM: GRC), an integrated cyber security and privacy solutions business, announces its audited year end results for 12 months to 31 March 2023 (FY23).

Financial highlights

· Revenue up 6% to £14.7m (FY22: £13.9m).

· International revenue up 3% to £3.1m (FY22: £3.0m).

· SaaS revenue up 11% - the Group's highest gross margin generating division.

· ARR (Annualised Recurring Revenue) at period end up 31% to £10.9m (FY22: 8.3m).

· Recurring and contracted revenue up 30% to £10.7m (FY22: £8.2m).

· 73% (FY22: 59%) of revenue generated from recurring and contracted revenue contracts.

· Gross margin of 61% (FY22: 59%) - continued improvement reflects operational gearing from subscription services and internal efficiencies from automation projects.

· Adjusted EBITDA1 of £0.3m (FY22: £1.0m).

· Loss before tax of £1.6m (FY22: £1.0m.) Investment in capital expenditure to fuel future growth of £1.6m (FY22: £1.3m).

· Cash balances at period end of £0.1m (FY22: £2.1m). Borrowings (excluding lease obligations) of £1.3m (FY22 £1.1m).

Operational highlights

· Increased the value of SaaS subscriptions customers - at period end we had over 3,000 SaaS customers with an average value of £1.2k, a 5% year-on-year increase.

· Increased the number of delegates attending training courses across the year, with Q4 showing a 17% increase in delegate numbers on Q4 FY22.

· In our training business, significantly expanded the course portfolio, deployed digital badging for successful delegates, and added additional accreditations.

· Started delivering completely revamped ISO/IEC 27001 product portfolio to support client transitions from ISO/IEC 27001:2013 to ISO/IEC 27001:2022.

· Increased investment in overhead led to an increase in Group NPS (net promoter score) to 48 (FY22: 37). Scores over 50 indicate customer service rating of 'Excellent'.

· Acquired initial customers for accredited SWIFT consultancy and CREST-accredited Cyber Incident Response services.

1 EBITDA is defined within the Financial Review of this announcement.

Alan Calder, Chief Executive Officer, said:

"Following the 2019 collapse in the GDPR market, we set ourselves four medium term objectives: to re-build revenue growth around an offering that combined cyber security and privacy, to recover our gross margins to in excess of 60%, to make contracted and recurring revenue more than 70% of our total revenue and, through automation and process improvement, control overheads so that we would consistently generate positive EBITDA.

This is still very cheap and undervalued JAdams5000

GRC had a good set of results today so should hopefully fly today .....all credit of finding PYC goes to Laura2022.... thank you