Inactive Instrument

OSIM TECH

Equities

OSI

GB00BZ58DH10

Osirium Technologies shares up amid new customer wins

May 09, 2023 at 06:32 am EDT

Osirium Technologies PLC - Cardiff, Wales-based cybersecurity firm - Says its annual recurring revenue for the first quarter of 2023 was GBP2.0 million, up 25% from GBP1.6 million a year prior. Cash balance and debtor position at March 31 was GBP690,000. Based on previous years, expects to receive a research and development tax credit of around GBP600,000 before the end of the first half of 2023. Attributes "positive momentum" into the new year to new customer wins in utilities and chemicals sectors as well as expansions within its existing customers.

Current stock price: 1.70 pence, up 13%

12-month change: down 81%

By Sabrina Penty, 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