For the six months ended 30 June, the cybersecurity firm reported an adjusted EBITDA loss of £190,000, down from a £490,000 loss in the prior year, while revenues had remained relatively steady, dipping to £2.63mln from £2.65mln.
Into the second half of the current year, ECSC said it had seen record levels of consulting bookings across its third quarter and into the fourth as well as record revenues in July of £620,000, up 42% year-on-year, alongside an adjusted EBITDA profit of £100,000.
The company also said current trading was “broadly in line” with expectations for the full year and it remained on track to reach EBITDA profitability for the current year.
Ian Mann, ECSC’s chief executive, said that from the start of the second half the previously “reduced” demand for consulting services had reversed, with growth in the division recovering “strongly” to match the performance of its managed services and cyber incident response businesses.
Investors were also upbeat on the positive outlook, with the shares surging 9% to 79p in early trading on Wednesday.