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Crossword first-half losses widen, but sees revenue up 25% this year

By BFN News | 09:25 AM | Monday 28 September, 2020


Cybersecurity company Crossword said it expected to report revenue growth of 25% this year and a pre-tax loss in line with market expectations. The guidance came as first-half losses widened on higher costs. For the 6 months ended 30 June 2020, pre-tax losses widened to £1.4 million from £1.1 million year-on-year as revenue increased by 18% to £674,008. Looking ahead, the company said it was 'confident of achieving at least 25% revenue growth over 2019, for the year as a whole, and a loss before tax in line with current market expectations.' 'Product and consulting revenue is expected to growth by at least 35% over 2019,' it added. At 9:25am: (LON:CCS) share price was 0p at 265p Story provided by StockMarketWire.com

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