Intercede Group PLC Trading Update (4431B)
08 October 2020 - 5:00PM
UK Regulatory
TIDMIGP
RNS Number : 4431B
Intercede Group PLC
08 October 2020
8 October 2020
Intercede Group plc
("Intercede" or the "Company")
Trading Update
Intercede, the leading specialist in digital identity,
credential management and secure mobility, is pleased to report
further good progress during an unprecedented six-month period
where colleagues, customers, partners and operations have all had
to adjust to the impact of Covid-19.
Revenues for the six months ended 30 September 2020 are
approximately 9% higher than last year. This is in line with
expectations and reflects orders received from both new and
existing customers resulting in revenues of GBP4.8m (2019:
GBP4.4m).
We are also pleased to report that continued tight cost control
has resulted in a positive operating cashflow during the period
with cash balances as at 30 September 2020 totalling GBP8.1m
compared to GBP4.8m as at 31 March 2020.
ENQUIRIES
Intercede Group plc Tel. +44 (0)1455 558111
Klaas van der Leest, Chief Executive
Andrew Walker, Finance Director
finnCap Tel. + 44 (0)20 7220 0500
Stuart Andrews, Corporate Finance
Simon Hicks, Corporate Finance
About Intercede
Intercede is a cybersecurity company specialising in digital
identities, derived credentials and access control, enabling
digital trust in a mobile world.
Headquartered in the UK, with offices in the US, we believe in a
connected world in which people and technology are free to exchange
information securely, and complex insecure passwords become a thing
of the past.
Our vision is to make the highest levels of cybersecurity
available to organizations and consumers alike, solving complexity
and scalability issues by managing high volumes of digital
credentials.
We have been delivering trusted solutions to high profile
customers for over 20 years. Our team of experts has deployed
millions of identities to governments, most of the largest
aerospace and defence corporations, and major financial services
and healthcare organizations, as well as leading
telecommunications, cloud services and information technology
firms, providing industry-leading employee and customer credential
management systems.
For more information visit: www.intercede.com
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END
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