Crossrider’s trading update for year to the end of December 2017 includes revenue and Adjusted EBITDA expectations in line with our estimates. In particular, CyberGhost has continued to perform strongly. The increased level of deferred income reflects Crossrider’s ongoing transition towards a SaaS model - and its repositioning as a consumer security software business. Despite making further acquisition payments of U$7.7 million during the year, the Group ended 2017 with cash of U$
16 Jan 2018
A strong H2 in line with expectations
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A strong H2 in line with expectations
- Published:
16 Jan 2018 -
Author:
Gareth Evans -
Pages:
5
Crossrider’s trading update for year to the end of December 2017 includes revenue and Adjusted EBITDA expectations in line with our estimates. In particular, CyberGhost has continued to perform strongly. The increased level of deferred income reflects Crossrider’s ongoing transition towards a SaaS model - and its repositioning as a consumer security software business. Despite making further acquisition payments of U$7.7 million during the year, the Group ended 2017 with cash of U$