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The Markets
by Proactive
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Small-cap coverage continues on .com
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by Proactive
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Cornerstone FS reports strong 2022 as it completes transition to customer-facing business

Cornerstone FS reports strong 2022 as it completes transition to customer-facing business

Cornerstone FS PLC (AIM:CSFS) CEO James Hickman joined Proactive's Stephen Gunnion with details of the company's 2022 financial performance, including a more than doubling in revenue to £4.8 million.

Hickman attributed the increase to strategic acquisitions and a focus on top-line growth. It also improved its gross margin to 60.9% as it transitioned from being a technical service provider to directly serving customers.

Looking ahead to 2023, he said Cornerstone FS aims to continue investing in people, expanding its sales capability, enhancing its product offerings, and building a strong customer base.

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