Interims from ECSC Group plc (ECSC.L), the UK’s longest-running ‘full service’ cyber security provider, saw a 30% increase in its total MDR (managed detection and response) order book to £2.9m but recognised MDR revenue fell 17% to £1.2m and Assurance was flat (£1.5m). As a result, group revenue fell 8% to £2.8m. The lower MDR utilisation impacted gross margin (50% vs 60%) and with operating costs flat, adj. LBITDA was £0.4m (H1 FY21: breakeven).
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ECSC Group Interims
- Published:
27 Sep 2022 -
Author:
David Johnson -
Pages:
2
Interims from ECSC Group plc (ECSC.L), the UK’s longest-running ‘full service’ cyber security provider, saw a 30% increase in its total MDR (managed detection and response) order book to £2.9m but recognised MDR revenue fell 17% to £1.2m and Assurance was flat (£1.5m). As a result, group revenue fell 8% to £2.8m. The lower MDR utilisation impacted gross margin (50% vs 60%) and with operating costs flat, adj. LBITDA was £0.4m (H1 FY21: breakeven).