StockMarketWire.com - Cybersecurity company Crossword said it expected to report revenue growth of 25% this year and a pre-tax loss in line with market expectations.

The guidance came as first-half losses widened on higher costs.

For the 6 months ended 30 June 2020, pre-tax losses widened to £1.4 million from £1.1 million year-on-year as revenue increased by 18% to £674,008.

Looking ahead, the company said it was 'confident of achieving at least 25% revenue growth over 2019, for the year as a whole, and a loss before tax in line with current market expectations.'

'Product and consulting revenue is expected to growth by at least 35% over 2019,' it added.




At 9:25am: [LON:CCS] share price was 0p at 265p



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