US/UK/Canada

Share

Pick a time period -
Tags ( Active)

CYBER1 - Great potential in cybersecurity - Mangold Insight Analysis

Mangold updates Cyber Security 1 (“CYBER1”). Revenues increased to EUR 28.7 (25.1) million in the first half of 2024, corresponding to a growth rate of around 15 percent. The revenue was in line with our estimate, which we believe shows that the company is on the right path. The gross margin was 21.0 (22.5) percent, which was slightly lower than estimate. However, personnel costs and other costs were lower than we expected, which means that we will lower the operational costs moving forward. We continue to estimate that CYBER1 will achieve full-year profitability in 2024. Mangold welcomes

CYBER1 - Strong end of 2023 - Mangold Insight Analysis

Mangold updates Cyber Security 1 ("CYBER1") after the fourth quarter of 2023. Revenue increased to EUR 18.8 (16.2) million in the fourth quarter, corresponding to growth of around 16 percent. At the same time, the gross margin improved to 25 (20) percent during the quarter. The EBITDA amounted to approximately EUR 1.4 (-0.5) million, which is a significant improvement on the same period last year. The EBITDA margin amounted to 7.3 percent, which was a strong close in 2023. For the full year, the EBITDA was in line with our estimate and the EBITDA margin was 1.2 percent. However, the result

CYBER1 - Cyber Security in growth markets - Mangold Insight Analysis

Mangold updates Cyber Security 1 ("CYBER1") after the third quarter of 2023. CYBER1’s revenue increased to EUR 33.9 (30.6) million in the first nine months of the year compared to the same period last year. That represents a growth rate of 10.9 percent. Mangold has chosen to adjust down the growth rate given a lower growth than expected. Gross profit increased to EUR 7.3 (6.0) million during the same period, which corresponds to an increase of 22 percent. EBITDA amounted to EUR -0.76 (-2.61) million, which is a significant improvement over the previous year. However, it is lower than

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

CYBER1 - Profitable growth bodes for a bright future - Mangold Insight Analysis

Mangold updates Cyber Security 1 ("CYBER1") after the first quarter of 2023. CYBER1's revenue increased to EUR 13.4 (9.5) million compared to the same period last year, representing a growth rate of 41 percent. Gross profit grew by 65 percent to EUR 3.1 (1.9) million compared to the same quarter of the previous year. The gross margin increased to 23.3 percent compared with 19.9 percent last year. All subsidiaries reported a positive EBITDA during the quarter, which is seen as a sign that the company has turned its course. EBITDA amounted to EUR 392 thousand during the quarter compared to

CYBER1 - Double acquisition completed - Mangold Insight Analysis

Mangold is updating the cyber security company Cyber Security 1 ("CYBER1") following the third quarter. CYBER1's revenue increased to MEUR 11.3 (8.2), corresponding to a growth rate of 37.3 percent. Revenue was 2.7 percent lower than estimate for the quarter, which means that Mangold maintains the growth estimate for the fourth quarter.  CYBER1 acquired the remaining 25 percent of CSSA and 50 percent of CSAD at the end of September, which means that CYBER1 owns both companies to 100 percent. The purchase price amounted to MEUR 2.172, and the companies had a combined turnover of MEUR 11.4

CYBER1 - Continued potential within cyber security - Mangold Insight Analysis

Mangold is updating the cyber security company Cyber Security 1 (”CYBER1”) following the second quarter. CYBER1's revenue increased by 19.7 percent in the second quarter of 2022, compared to the same period last year. Revenue was accordingly 7.3 percent lower than estimated for the quarter. The gross margin was lower than expected, driven by costs related to customer acquisition and price wars with competitors within the largest subsidiary Drs.  CYBER1's subscription warrants of series TO1 had a exercise rate of approximately 86 percent, meaning the company received approximately MEUR 3.

CYBER1 - Cyber security at a discount - Mangold Insight Analysis

Mangold is updating the cyber security company Cyber Security 1 "CYBER1" after the quarterly report. CYBER1's income increased by 21.5 percent during the first quarter of 2022 compared to the same period last year, and as such is well on its way to achieving the sales estimate for 2022. The EBIT margin was -6.6 percent for the quarter, which can be attributed to the set up of the Special Operations Centre (SOC) in the new Managed Services business area. CYBER1 has been profitable during the previous four quarters, and Mangold estimates that they will return to profitability on a full-year

There are no items matching the current filter
There are no more items matching the current filter
Back to top

Subscribe