Osirium Technologies' first-half bookings 'significantly' ahead of prior year
Osirium Technologies
2.20p
16:55 27/10/23
Cloud-based cybersecurity software firm Osirium Technologies saw first-half bookings come in "significantly" ahead of the prior year, a trend it expects to continue going forward.
Software & Computer Services
2,390.57
17:09 25/04/24
Osirium said on Monday that bookings had increased 70% year-on-year to £1.03m and it now expects bookings at the year-end to be in the region of £1.60m.
The AIM-listed group expects revenues for the six months ended 30 June to be around £520,000, up from the £460,000 booked a year earlier, with a strong level of deferred revenues at £1.24m.
Cash and cash equivalents came to £890,000 at the end of the period, a substantial drop on the £3.30m held a year earlier.
Chief executive David Guyatt said: "We continue to see increasing demand for our PxM product, as demonstrated by the 70% bookings growth and the strong pick-up in sales momentum, with bookings converting to revenues over the life of the contract."
"The board looks forward to updating shareholders on our progress as we continue to build momentum and expand market share."
As of 0830 BST, Osirium shares were flat at 73p.