16 Jun 2022 07:00
16 June 2022
Kape Technologies plc
("Kape," or the "Company")
AGM Statement
Kape Technologies plc (AIM: KAPE), the digital security and privacy software business, provides an update ahead of its Annual General Meeting ("AGM") at 12.00 p.m. today.
At the meeting, Don Elgie, Chairman of Kape, will make the following statement:
"I am pleased to report that Kape has traded strongly in 2022, delivering a record Q1 performance fuelled by robust organic growth. We remain well-positioned to deliver on our guidance of revenues of between $610-624 million and Proforma Adjusted EBITDA of between $166-172 million (a c. 116.7% expected increase) for the full year 2022.
The integration of ExpressVPN, acquired in December 2021, is well underway, and, alongside bolstering our go-to market and R&D capabilities, we have already begun to realise significant operational benefits to date, including cost-savings on back-office consolidation and leveraging economies of scale as well as ongoing synergies in the infrastructure and marketing.
Following a transformational 2021, we have continued our positive momentum with the launch of several highly innovative new products, a key strategic priority. The ongoing expansion of our product ecosystem is now generating additional cross-sell opportunities.
Our digital security division has experienced accelerated growth as we strengthen our positioning in the consumer security space. Our digital content division has continued to deliver growth in its independent content activities, including growth into additional content segments.
Kape is a leader in the consumer security and privacy space, servicing c.7 million paying subscribers worldwide and growing. We expect our strong customer growth to accelerate further as the privacy and security markets become more mainstream, with consumers increasingly viewing our products as critical components for their daily digital lives.
Looking ahead, we are also focused on further leveraging our significant M&A experience and extended product pipeline to accelerate our market, product, and SaaS customer reach.
Kape is now in prime position to lead the market given our current growth trajectory, and we look forward to expanding our footprint through organic growth and strategic acquisitions, as we have done consistently over recent years."
Enquiries:
Kape Technologies plc Ido Erlichman, Chief Executive Officer Oded Baskind, Chief Financial Officer
| via Vigo Consulting |
Shore Capital (Nominated Adviser & Broker) Toby Gibbs / Mark Percy / James Thomas / Michael McGloin
| +44 (0)20 7408 4090 |
Stifel Nicolaus Europe Limited (Joint Broker) Alex Price / Brad Topchik / Alain Dobkin / Richard Short
| +44 (0) 20 7710 7600 |
Vigo Consulting (Financial Public Relations) Jeremy Garcia / Kendall Hill kape@vigoconsulting.com | +44 (0)20 7390 0237 |
About Kape
Kape is a leading 'privacy-first' digital security software provider to consumers. Through its range of privacy and security products, Kape focusses on protecting consumers and their personal data as they go about their daily digital lives.
Kape has c.7 million paying subscribers, supported by a team of over 900 people across ten locations worldwide. Kape has a proven track record of revenue and EBITDA growth, underpinned by a strong business model which leverages our digital marketing expertise.
Through its subscription-based platform, Kape has fast established a highly scalable SaaS-based operating model, geared towards capitalising on the vast global consumer digital privacy market.
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