TIDMRGO
RNS Number : 6170X
RiverFort Global Opportunities PLC
27 April 2023
27 April 2023
RiverFort Global Opportunities plc
("RGO" or the "Company")
Investment in Smarttech247 Group plc - Interim Results
RGO is pleased to note today's announcement by Smarttech247
Group plc ("Smarttech247") of its maiden unaudited interim results
for the six months ending 31 January 2023, extracts from which are
set out below:
"Smarttech247 (AIM: S247), a multi-award-winning provider of
AI-enhanced cybersecurity services providing automated managed
detection and response for a portfolio of international clients,
today announces its maiden unaudited interim results for the six
months ending 31 January 2023.
Operational highlights
-- Admitted to trading on AIM in December 2022 raising GBP3.7
million via a placing of new ordinary shares
-- Continued growth of the customer base in the UK, Europe and the US
-- Multiple new contracts secured, including:
o Three-year VisionX contract with a Fortune 150 leading
automotive retailer in the USA worth c.US$800,000
o Three-year agreement with a large US tech company worth
c.US$400,000
o Two-year agreement with a prestigious Irish University worth
c.EUR450,000
-- Headcount increased by 75% to deliver the proprietary
technologies of VisionX, Threathub and NoPhish
-- Dedicated sales operation now established leading to a growing sales pipeline
-- New Women in Cybersecurity Academy launched in August 2022
-- Featured as a Fast 50 Technology Company by Deloitte Ireland in November 2022
Post-period end
-- New and renewed contracts secured:
o Existing contract with a global pharmaceutical client renewed
for another year which is worth c.US$615,000
o Contract secured with a new client - a global pharmaceutical
organisation
o New three-year contract worth over EUR100,000 with a leading
climate solution company
o Extended the scope of an existing contract with a Fortune 500
customer
o Signed a letter of intent for a three-year contract with a
major European financial services group
-- Successful Zero Day Con 2023 conference held in March 2023
-- Participation in new Managed Security Service Provider
Program with partner, Forcepoint, a global security leader,
announced in April 2023
-- Shortlisted by Small Cap Awards for IPO of the Year and by
Tech Excellence Awards for Managed Security Service Provider for
the Year
-- Grant of share options to employees
Financial highlights
-- Revenues increased by 19.4% to EUR4.62 million (31 January 2022: EUR3.87 million)
-- Adjusted EBITDA increased by 59.7% to EUR1.15 million (31 January 2022: EUR0.72 million)
-- Cash of EUR7.00 million at the period end (31 July 2022: EUR2.36 million)
Raluca Saceanu, Chief Executive Officer of Smarttech247,
commented :
"I am pleased to announce our first set of results as an
AIM-quoted company. Smarttech247 is already seeing the benefits
from its admission with continued revenue and EBITDA growth, and we
are now well funded to support our expansion strategy. We are
actively progressing with the delivery of our new products and
traction with international customers is continuing to develop as
evidenced by our growing sales pipeline.
As Smarttech247 continues to establish itself as a key player in
the cybersecurity sector, we are pleased with the progress made to
date, and look forward to continued growth and strategic
advances."
RGO's holding in Smarttech247 currently comprises 7,642,006
ordinary shares, representing a 6.16% shareholding in the company.
Based on yesterday's closing price of Smarttech247 shares of 36
pence, the value of RGO's shareholding in Smarttech2467 is GBP2.75
million.
The full text of the interim results can be found on the
company's website www.smarttech247.com
For more information please contact:
RiverFort Global Opportunities
plc +44 20 3368 8978
Philip Haydn-Slater,
Non-executive Chairman
-----------------
Nominated Adviser +44 20 7628 3396
-----------------
Beaumont Cornish
-----------------
Roland Cornish/Felicity
Geidt
-----------------
Joint Broker +44 20 7601 6100
-----------------
Shard Capital Partners
LLP
-----------------
Damon Heath/ Erik Woolgar
-----------------
Joint Broker +44 20 7562 3351
-----------------
Peterhouse Capital Limited
-----------------
Lucy Williams
-----------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCUNAAROVUSUUR
(END) Dow Jones Newswires
April 27, 2023 02:30 ET (06:30 GMT)
Riverfort Global Opportu... (LSE:RGO)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024
Riverfort Global Opportu... (LSE:RGO)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024