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Corero sees first-half performance in-line with expectations

By BFN News | 09:38 AM | Thursday 06 September, 2018


Network security company Corero reported Thursday a 'solid' start to the year and said it expected first-half performance would meet management's expectations. For the six months ended 30 June 2018, revenue is expected to be approximately $5.0m and the earnings (EBITDA) loss is expected come in at approximately $1.4m, narrower than the $2.9m loss seen las year. The company added that it continued to manage its cost base in the period with first-half operating costs expected to come in at approximately 18% below the first half of 2017. 'I am pleased to report that we are making strong progress in executing our 2018 strategy, including our goal to expand the business via go-to-market partnerships. We expect these relationships to deliver incremental revenue in H2 2018, with a number of opportunities actively being pursued with customers,' said Ashley Stephenson. At 9:38am: (LON:CNS) Corero Network Security PLC share price was +0.88p at 9.13p Story provided by StockMarketWire.com

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