H1 2022
RESULTS
LIONEL CHMILEWSKY, CEO ANDREW MILLER, Interim CFO
September 2022
AGENDA
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Exe c u t ive Su m m a ry
Th e Co re ro Ad va n t a g e
Fin a n c ia ls
So lu t io n Ove rvie w
Co m p e t it io n & Diffe re n t ia t io n
St ra t e g y & Gro w t h
Su m m a ry & Ou t lo o k
EXECUTIVE
SUMMARY
H1 2022
HALF YEAR RESULTS
EXECUTIVE SUMMARY
- Continued our growth trajectory and delivered new financial records
- Continued to invest in the Business and significantly reinforced its organisation, particularly in Sales & Marketing
- New Sales & Marketing initiatives (ABM, Alliances, Channels) are being implemented to increase awareness, pipeline and win rate
- New products and features strengthened technology and innovation leadership
- Demonstrated ability to hire talent in a challenging HR environment
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H1 2022
HALF YEAR RESULTS (cont'd)
FINANCIAL HIGHLIGHTS:
- Record H1 2022 order intake, increasing by 22% to $10.9 million (H1 2021: $8.9 million)
- Record H1 2022 Group revenue up 6% to $8.8 million (H1 2021: $8.3 million)
- Record Annualised Recurring Revenues ("ARR") up 21% to $13.6 million (H1 2021: $11.2 million)
- Continued strong gross margin of 88% (H1 2021: 84%)
- Record EBITDA of $0.9 million (H1 2021: EBITDA profit of $0.1 million)
- Record Adjusted EBITDA of $0.3 million (H1 2021: Adjusted EBITDA of $0.1 million)
- Net cash on 30 June 2022 of $5.8 million (30 June 2021: $5.1 million)
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Corero Network Security plc published this content on 13 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 September 2022 06:09:03 UTC.