Trading Update
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Intercede, the leading cybersecurity software company specialising in digital identities, today announces the following trading update for the six months ending 30 September 2024 (H1 FY25).
The Group is pleased to announce that revenues for H1 FY25 are expected to be approximately £8.54m (2024: £6.99m), 22% higher than H1 FY24 and 29% higher on a constant currency basis. This is in line with management expectations.
As at 30 September 2024, gross cash balances totalled £16.2m (2023: £9.7m) and was £17.2m as at 31 March 2024. The Group has no debt.
Further details will be provided within Intercede's final H1 results which are expected to be published on 26 November 2024.
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