Corero Network Security PLC (AIM:CNS, OTCQB:DDOSF) shares climbed higher on Monday, after the firm told investors it expects revenue for FY 2025 to reach the upper end of guidance at $25.5 million.
The company also said it expects earnings (EBITDA) to exceed $1.3 million, driven by strong sales momentum in the second half of the year.
Annual recurring revenue increased by 23% to $23.9 million while order intake rose 20% to $33.8 million. The company highlighted growing demand for its SmartWall ONE and CORE platform products.
Cash at year end was $4 million, with no outstanding debt. Customer retention remained high at 98%, and the company sold over 40 units of its new 400GB platform in 2025.
"We are pleased to have generated solid growth in H2 2025 with the business generating strong sales momentum across the second half of the year," chief executive Carl Herberger said in a statement.
As we continue to innovate and enhance our product portfolio to deploy market-leading solutions to our global customer base, Corero is well-positioned to deliver increased recurring revenues and profitable growth in 2026 and beyond."
In London, Corero shares were up 15% changing hands at 11.5p each.