Published: February 28, 2023 at 3:24 AM ET
Christian Morse Rosen
BrandShield Systems PLC said Tuesday that 2022 revenue increased year-on-year due to an expanding customer base and an increase in new business.
The London-listed cybersecurity company said its annual recurring revenue in 2022 was up 60% to $8.4 million, with a 55% increase in new business and upsells. Commercial revenue increased 55% to $6.4…
Christian Morse Rosen
BrandShield Systems PLC said Tuesday that 2022 revenue increased year-on-year due to an expanding customer base and an increase in new business.
The London-listed cybersecurity company said its annual recurring revenue in 2022 was up 60% to $8.4 million, with a 55% increase in new business and upsells. Commercial revenue increased 55% to $6.4 million.
The company ended the period with a cash reserve of $2.6 million, the people said.
BrandShield says its customer base has grown 41% to 183 companies.
CEO Yoav Keren said, “As we grow our customer base and market presence, we are well positioned to offer market-leading digital risk protection services, so we are confident that the exciting times will continue. I’m looking forward to.
Shares at 0815 GMT were up 0.40 pence, or 7.8%, to 5.50 pence.
Email Christian Moess Laursen at christian.moess@wsj.com.
