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World safety cross specialist Intercede mentioned gross sales have dropped 9 per cent partly as a result of delays in closing massive new alternatives.
The enterprise, based mostly in Lutterworth, south Leicestershire, reported revenues of £9.9 million for the 12 months to March 31, down from £11 million final 12 months.
In annual outcomes the enterprise mentioned: “A return to normalised buying and selling has taken longer than beforehand anticipated towards a backdrop of continued Covid-19 restrictions.” Nevertheless it mentioned the outlook for the 12 months forward regarded optimistic.
Intercede has offered workers safety clearance methods for purchasers together with the US Division of Homeland Safety, Boeing, Wells Fargo, Deutsche Telekom, Kuwait Public Authority for Civil Info, Airbus, the US Nuclear Regulatory Fee, Lockheed Martin and the UK Ministry of Defence.
The enterprise mentioned it noticed earnings of £700,000 final 12 months, in comparison with £1.5 million a 12 months earlier than, with workers prices remaining the largest firm expense at 84 per cent of all prices.
It mentioned 16 new offers have been signed throughout the 12 months, double the quantity for the 12 months earlier than, which was “clear proof of underlying momentum within the context of rising market demand for cybersecurity”.
Chairman Chuck Pol mentioned: “I want to take this chance to thank all our colleagues, prospects, companions and stakeholders for his or her efforts and understanding throughout what has continued to be a difficult and unsure interval for everybody.
“Moreover, I lengthen my because of Klaas [chief executive Klaas van der Leest] and his administration crew for his or her management and invaluable help.
“It has been a promising 12 months of monetary and operational progress and Intercede is now very effectively positioned for additional progress.
“We enter FY23 with optimistic momentum and many alternatives.
“After I have a look at the assorted parts of this enterprise, significantly the skilled administration crew, the excessive progress cybersecurity market, the blue-chip buyer base, the pipeline and the resilient response to market situations within the final two years, I stay assured of the group’s future prospects.
“Important progress was made in FY22 and I’m excited for the 12 months forward.”
Intercede’s MyID software program is accredited by the US and UK Authorities, that means it may be utilized in regulated markets.
Historically it was delivered to verify worker ID on-site, however it’s now additionally used for transport staff and nationwide ID programmes.
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