Intercede makes 'further good progress', revenues grow
By Iain Gilbert
Date: Monday 11 Oct 2021
(Sharecast News) - Cybersecurity company Intercede said on Monday that it had recorded further "good progress" in the six months ended 30 September.
Intercede revenues for the period totalled £4.9m, approximately 9% higher year-on-year on a constant currency basis and 2% higher on a reported basis, in line with expectations and reflecting orders received from both new and existing customers.
The AIM-listed firm also stated that continued "tight cost control" had resulted in a positive operating cash flow during the period, with cash balances as of 30 September totalling £8.5m, up from £8.0m on 31 March.
As of 0825 BST, Intercede shares were down 1.03% at 90.56p.
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