Trading Update

RNS Number : 2580C
Intercede Group PLC
10 October 2022

Intercede Group PLC

("Intercede," "the Company" or the "Group'') 

Trading Update

Intercede revenues for the six months ended 30 September 2022 totalling £6.1m are approximately 23% higher than last year on a constant currency basis and 24% higher on a reported basis (2021: £4.9m on a reported basis). This is in line with management expectations.

The Group had cash reserves of £10.0m as at 30 September 2022 compared to £7.8m as at 31 March 2022 reflecting positive operating cash flow and continued tight cost control as budgeted for FY23.


Following payment of approximately £2.0m initial consideration, after net debt and working capital adjustments, relating to the acquisition of Authlogics Ltd announced today, the Group had cash reserves of £7.9m and has no debt.


Intercede Group plc

Tel. + 44 (0)1455 558111

Klaas van der Leest


Nitil Patel




finnCap Ltd

Tel. + 44 (0)20 7220 0500

Simon Hicks/Fergus Sullivan

Corporate Finance

Tim Redfern/Charlotte Sutcliffe



For more information visit:

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 organisations and consumers alike, solving complexity and scalability issues by managing high volumes of digital credentials.



This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
UK 100

Latest directors dealings