Intercede, the leading specialist in digital identity, credential management and secure mobility, is pleased to report further good progress following last year’s return to profit.
Revenues for the six months ended 30 September 2019 are approximately 5% higher than last year. This is in line with expectations and reflects a strong end to the half with orders received from both new and existing customers resulting in revenues of £4.4m (2018: £4.2m).
We are also pleased to report that continued tight cost control has resulted in a positive operating cashflow during the period with cash balances as at 30 September 2019 totalling £5.2m compared to £3.2m as at 31 March 2019.
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