ECSC posts first-half loss as expenses offset rising revenue
Source - SMW
Cyber security company ECSC Group booked a first-half loss after rising revenue was offset by marketing and administrative costs.
Pre-tax losses for the six months through June amounted to £817k, narrowing from a loss of £1.7m on-year.
Revenue grew 43% to £2.65m.
'We are pleased to report our revenue growth, with particular emphasis on our managed services recurring revenue,' chief executive Ian Mann said.
'New client acquisitions, and conversion to recurring revenues is a powerful combination to deliver growth and exploit the post-GDPR regulatory environment.'
At 2:25pm: (LON:ECSC) ECSC Group Plc share price was -20p at 97.5p