Inactive Instrument

OSIM TECH

Equities

OSI

GB00BZ58DH10

Osirium Technologies revenue rises; targets new contract wins

September 07, 2023 at 03:04 pm EDT

(Alliance News) - Osirium Technologies PLC on Thursday said revenue increased as its loss narrowed in the first half of 2023.

The Theale, England-based vendor of cloud-based cybersecurity and IT automation software reported that revenue increased to GBP1.1 million in the first half ended June 30, from GBP909,577 the year prior. It noted that annualised recurring revenue surged 34% to GBP2.2 million, from GBP1.6 million.

The company said its pretax loss narrowed to GBP1.4 million, from GBP1.7 million a year ago.

The firm did not declare a dividend for the first half.

Osirium said it has made a positive start to the second half, noting it has seen multiple contract renewals in the period so far. Based on its "network and strong reputation", the firm said it expects further renewals and new customer wins in the second half.

In August, the firm said it had agreed to a takeover by SailPoint Technologies UK Ltd. The firm said it will be acquired for 2.35 pence per share, or GBP3.1 million. The takeover is subject to shareholder approval.

Osirium shares closed down 3.4% at 2.13p per share in London on Thursday.

By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about OSIM TECH

Osirium Technologies Delists in London Amid SailPoint Technologies UK’s Takeover	23-10-31	MT
Osirium Technologies shares suspended as takeover completes	23-10-30	AN
SailPoint Completes Acquisition of Britain's Osirium Technologies	23-10-30	MT
Sailpoint Technologies Uk Ltd completed the acquisition of Osirium Technologies PLC (AIM : OSI) from Group of shareholders.	23-10-29	CI
UK Court OKs SailPoint's Purchase of Osirium Technologies	23-10-26	MT
Osirium Shareholders Approve Proposed GBP3 Million Takeover by SailPoint	23-10-12	MT
Osirium Technologies revenue rises; targets new contract wins	23-09-07	AN
Earnings Flash (OSI.L) OSIRIUM TECHNOLOGIES Reports H1 Revenue GBP1.1M	23-09-07	MT
Osirium Technologies PLC Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-07	CI
FTSE 100 Ends Higher, Helped by Hopes of US Rate Pause	23-08-30	DJ
Stocks up as soft US data lifts hope of Fed pause	23-08-30	AN
SailPoint Technologies to Acquire Osirium Technologies for GBP3 Million	23-08-30	MT
UK Net Mortgage Approvals Fall As Interest Rates Remain High	23-08-30	DJ
Osirium agrees to takeover by SailPoint Technologies after challenges	23-08-30	AN
Sailpoint Technologies Uk Ltd entered into a scheme of arrangement to acquire Osirium Technologies PLC (AIM : OSI) for £2.87 million.	23-08-29	CI
FTSE Closes Tuesday Up 0.6% Lifted by Banks, Oil Stocks; Ocado Soars	23-07-18	DJ
UK Consumers Cut Spending Amid Rising Mortgage Rates	23-07-18	DJ
Osirium eyes raising further capital before year-end	23-07-18	AN
FTSE 100 Closes Down Dragged by Property Stocks; IAG Shines	23-05-09	DJ
UK Home Builders Drop as House Prices Fall in April	23-05-09	DJ
Osirium Technologies shares up amid new customer wins	23-05-09	AN
BOE Could Begin to Cautiously Cut Rates in 4Q	23-05-09	DJ
FTSE 100 Falls After Weaker UK House Price Data	23-05-09	DJ
Osirium Technologies plc Announces Trading Results First Quarter 2023	23-05-09	CI
FTSE 100 Closes 0.9% Lower as Banks Struggle	23-03-23	DJ

Chart OSIM TECH

Duration

Period

More charts

Company Profile

Osirium Technologies plc is a cybersecurity software provider. The Company delivers Privileged Access Management (PAM), Privileged Endpoint Management (PEM) and Osirium Automation solutions. It operates through the sale of software subscriptions and consultancy services segment. Its products can be deployed in the cloud or on-premises to protect critical IT assets, infrastructure and devices by preventing targeted cyber-attacks from directly accessing privileged accounts, removing unnecessary access and powers of privileged account users, deterring legitimate Privileged Account users from abusing their roles and containing the effects of a breach if one does happen. Its PEM solution balances security and productivity by removing risky local administrator rights from users while at the same time allowing escalated privileges for specific applications. It serves various industries, including education, finance, government and defense, healthcare, industrial control system and others.

Sector

More about the company