Crossword Cybersecurity PLC (AIM:CCS)'s (LON:CCS) Mary Dowd talks to Proactive London about their revenue results for the six months, ending June 30, reporting a 22% increase in revenue for its first half, driven by its product and consulting businesses.
Product and consulting saw a 30% rise with the latter business unit notably seeing an 85% increase in recurring revenue compared to the year before.
As Dowd explains their Rizikon software-as-a-service supplier risk assessment product was launched to 10,000 Chartered Institute of Information Security members, and it continues to be rolled out through the firm’s membership body programme
Crossword ended the first half with £4.1mln of cash and the company reported a £1.54mln loss for the period, up £152,995 compared to last due to additional legal and professional fees due to corporate activity.