The technology commercialisation Company focused solely on cyber security and risk, has this week updated on trading and financing. Trading for 2019 is broadly in line with expectations. As a result of recent changes in accounting practices relating to IFRS15 in respect of recognition of revenues from the Company's Software as a Service contracts that have recently become clear, the level of revenue reported for the year to December 31, 2019 will be below current market expectations.
28 Oct 2019
£1m funding agreed. Revenue recognition policy impacts top line expectation for FY19, but profit forecasts unchanged and outlook remains strong.
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£1m funding agreed. Revenue recognition policy impacts top line expectation for FY19, but profit forecasts unchanged and outlook remains strong.
Crossword Cybersecurity Plc (CCS:LON) | 5.0 0 0.0% | Mkt Cap: 5.07m
- Published:
28 Oct 2019 -
Author:
Derren Nathan -
Pages:
6
The technology commercialisation Company focused solely on cyber security and risk, has this week updated on trading and financing. Trading for 2019 is broadly in line with expectations. As a result of recent changes in accounting practices relating to IFRS15 in respect of recognition of revenues from the Company's Software as a Service contracts that have recently become clear, the level of revenue reported for the year to December 31, 2019 will be below current market expectations.