Cyber Security 1 Ab: Minor And Non-Material Adjustment Of 2018 Annual Results

 
TIDMCYB1 
 
 
   Cyber Security 1 AB (Publ): Minor and non-Material Adjustment of 2018 
annual results, following the publication of the 2018 Audited Annual 
Report. 
 
   London United Kingdom -- 28  June 2019, Cyber Security 1 AB (Publ) 
("CYBER1"), (Nasdaq:CYB1, OTCQX:CYBNY), a leading supplier of cyber 
security solutions with operations in Europe, Africa and the Middle East, 
announces minor adjustments from the year-end financials, based on the 
completion of the 2018 audit process. 
 
   During the finalisation process with the company's auditor, 
Öhrlings PricewaterhouseCoopers AB, it has been deemed necessary to 
adjust certain financial components detailed below. Whilst revenue has 
been revised down due to a reclassification of a vendor rebate into the 
cost of sales, the result has yielded an improved total result for the 
period overall. Total annual year on year revenue growth now stands at 
155%, from 2017 (17.19m EUR) to 2018 (43.95m EUR). 
 
   Summary of Adjustments from Q4 2018 Report* 
 
 
   -- Revenue, from 44.54m EUR adjusted to 43.95m EUR (-1.3%). 
 
   -- Cost of sales from -32.67m EUR adjusted to -32.51m EUR (-0.48%). 
 
   -- Gross Profit from 11.87m EUR to 11.44m EUR (-3.62%). 
 
   -- Loss for the Period improvement from -2.957m EUR to -2.427m EUR. 
 
 
   *Results have been rounded, please refer to the 2018 annual report for 
more information. 
 
   Details of which can be found on our website: 
https://www.globenewswire.com/Tracker?data=lPrs8FLrdNZEwpSS6a8Yw_LMx9j80pivvZktIQPpTsiQ1HMX6XO98gufjw2BCnjQhVp5fxJ9exs13dN18piiiQ== 
www.cyber1.com 
 
   Certified Adviser: 
 
   Mangold Fondkommission AB (556585-1267) 
 
   Box 55 691 102 15 Stockholm 
 
   Telefon: [phone] 
 
   [e-mail] 
 
   www.mangold.se 
 
   FOR FURTHER INFORMATION, PLEASE CONTACT: 
 
   Tim Metcalfe / Miles Nolan, IFC Advisory, 
 
   Investor Relations contact, CYBER1 
 
   Email: 
https://www.globenewswire.com/Tracker?data=MmJ8utZH1b9VcM64VP6D7--Mp75lZ8CiOSUlMU5drm62Qu7Lplx3LHN1KNC2S8AVCYJ8fULy2GpkE0bXA6e4yPs7rEUvPaz1fbQDiELTYJZHHx1PYcKHkyWlVueExIdxOHavAB_FeKEeBPviOm6-PwIY7J1h0QNQIWa_qdIc73CEk5nNF8G_o6aKPdjPIvyOXpQ7HyDZdjaymbFFD6urGpH4aDlMIvQsnw7OBVzHOmrMmpcLaO6ePauPI5x6bSJ0wMLkZCKH1yKWykFuYbUG9g6ETQ7q0BNF_XzO1DTgqS8= 
[e-mail] 
 
   Matt Glover or Najim Mostamand, CFA, Liolios Group, 
 
   US-Investor Relations contact, CYBER1 
 
   E-mail: 
https://www.globenewswire.com/Tracker?data=MmJ8utZH1b9VcM64VP6D7zqP8pFjVywFyhlnmKJdFtUh-oyNsXuBw9fIsl7IKJhRDO2bj_2_Qvs1ONXurnspaaOArHpmRaDM_m9jxMZfCugWKvCbWTCSg6CNaX6B7ZyKPjQbToltZmBbHMgo8is6PykMZzfYBiRh3EiDe2qv1DDzXAAmTMLujO2FlCBdO7opm3HzD_HbDAuK7CvBw0BzPbWJPDIZvk9ktIL9Ty_Ur56ikeXRx8s0JTkNYeDa3cD15F5qTelqyhKrDNfc2PJLKQ== 
[e-mail] 
 
   ABOUT CYBER1 
 
   CYBER1 is engaged in providing cyber resilience solutions and conducts 
its operations through physical presences in Sweden, South Africa, the 
UK, Kenya, Germany, Austria, Turkey, Greece, Italy, the Ukraine and the 
United Arab Emirates. Listed on Nasdaq First North (Nasdaq: CYB1.ST) and 
as an American Depositary Receipt (OTCQX: CYBNY), the Group delivers 
services and technology licenses to enhance clients' protections against 
unwanted intrusions, to provide and enhance cyber resilience and to 
prevent various forms of information theft. CYBER1 had revenues of 
43.95m EUR in 2018 and employed 239 personnel at the end of Q4 2018. For 
further information, please visit 
https://www.globenewswire.com/Tracker?data=lPrs8FLrdNZEwpSS6a8Yw-pIShU0lvc5GC5wa7bpJeh8G2U6kRJFFusCrWxMIa2sMfl_tNmZy9j2aSef_iw3VjjG81czYtPTPs9iAEmS7PIsfOvTwoXh3XTqhmgOq3YWoA8_cnk-jbhXHqvP3MRsTjJHV7iT3cm_Rh9y3CSqRs_dFMcEbPXpqjdxp7pk0JkzWXU-PnKTU0OKYisoJKD2os_lr6YBUxBs-GZHKyDcsRla6f-t3bjpLRDPWFRAWL3fzDyMdG-5eDTAT4bJlPumbg== 
www.cyber1.com/investors 
 
   For further information, please visit: 
https://www.globenewswire.com/Tracker?data=HmUBOIeYeEoekPSNUx7m7Fn_VWCK1rF5NHwZLSkyA1MF6QpDxS2MWRmhZTUZLdVBJ4ChKdDHpBOcF0bz5kPCOPqHzhDdoPMuJ_RZKnmsmAS1Kxig7_zd3a15gawpk-U_0G56jY4zSgdYvQXYWnAKx3e5BXdIH1-iiCT9Dqny7iJpFOySwc6aTX3EB-eEorrFTKokV0ruFaBDR_7MGaLSPn5QnZnmSW4P0ImlhadGr3Y= 
https://cyber1.com 
 
 
 
 

(END) Dow Jones Newswires

June 28, 2019 15:49 ET (19:49 GMT)

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