CYBER1 - Moving towards profitability on a full year basis - Mangold Insight Analysis
Mangold is updating Cyber Security 1 ("CYBER1") after the second quarter of 2023. CYBER1’s revenue increased to MEUR 25.1 (19.3) in the first half of 2023 compared to the same period last year. That represents a growth rate of 30 percent. Gross profit increased to MEUR 5.7 (3.9) during the same period, which corresponds to an increase of 45 percent. EBITDA and profit also turned to black figures; MEUR 0.4 (-1.5) and MEUR 0.0 (-1.9) respectively in the first half of the year. Mangold continues to believe that CYBER1 will reach profitability on a full year basis in 2023 driven by its growth