Crossword Cybersecurity Plc revised earnings guidance for the year ending 31 December 2023 and for the year 2024. The company expects year 2023 revenue to be in the range of £4.1 million to £4.3 million, as opposed to the previously guided £6 million of revenue. Given focus on path to profitability, costs have continued to be tightly controlled during 2023, resulting in net losses before taxation expected to be broadly in line with current market expectations.

The company has previously guided to 2024 revenue of circa £8 million, the Company believes that revenue is more likely to be circa £7 million for 2024.