Cyber Security 1 Ab: Q4 Report

 
TIDMCYB1 
 
 
   CYBER1 records most successful Q4 results, with revenues of 24.2m EUR 
and EUR943k EUR EBITDA profit for the quarter 
 
   London United Kingdom -- 20 February 2020, Cyber Security 1 AB (publ) 
("CYBER1"), (Nasdaq:CYB1,OTCQX:CYBNY), is pleased to publish its Q4 
Report. 
 
   HIGHLIGHTS 
 
 
   -- Q4 2019 revenue of 24.2m EUR, compared to 20.8m EUR in Q4 2018. 
 
   -- Total year to date revenue growth increased year over year by 56.38%, 
      from 43.95m EUR by Q4 YTD 2018, to 68.73m EUR by Q4 2019. 
 
   -- Group Gross Margin equated to 4.09m EUR for Q4 2019, with Q4 2018 Gross 
      Margin recorded as 3.89m EUR. 
 
   -- Group Gross Margin for Q4 2019 was 17% (Q4 2018 Gross Margin: 19%). 
 
   -- Group Q4 2019 EBITDA of 943k EUR, (Q4 2018 EBITDA loss -294k EUR). 
 
 
   As the company concludes 2019, CYBER1 has taken a significant step 
forward in realising the future growth opportunities for the company. 
During traditionally the strongest quarter of the year for the company, 
CYBER1 recorded its highest EBITDA of any quarter since its listing on 
Nasdaq First North Growth Market in 2016. This achievement has 
originated from the success of our subsidiaries and their proven ability 
to deliver successful cyber security solutions and services to their 
customers. Harmonisation of our internal operations will continue to be 
a focus moving into 2020, to complement this commercial growth. Overall, 
the company has reduced its year over year full year loss by 1.386m EUR. 
This trajectory will set us well for profitability in 2020, with a drive 
for methodical growth whilst continuing to consolidate the business 
units, to ensure that the company is lean and efficient whilst ensuring 
our listing, legal and infrastructure obligations are fulfilled. 
 
   Commenting on the Q4 Report, newly elected Chairman of CYBER1 Johan 
Bolsenbroek stated: 
 
   "CYBER1 has been able to achieve its greatest ever Q4 results, a 
considerable achievement considering increased competition in the market 
and the pressures around closing business for 2019. Our results show 
that we achieved 24.2m EUR for the quarter, a 16.4% increase over the 
same quarter in 2018. Combining previous results from earlier in the 
year brings our total revenue for 2019 to 68.73m EUR. This achievement 
is further highlighted with our full year to date organic business 
growth equating to 27% (11.9m EUR), demonstrating the importance of the 
collaborative potential we are developing within our subsidiaries and 
regions. The most important figure to highlight is the EBITDA of 943k 
EUR, the highest in the company's history for any quarter as a listed 
company. This result demonstrates our push for profitability and this 
will be a clear focus point for 2020, as we continue to harmonise our 
collective operations whilst leveraging our economies of scale into the 
future." 
 
   This information is information that CYBER1 is obliged to make public, 
pursuant to the EU Market Abuse Regulation. The information was 
submitted for publication, through the agency of the contact person set 
out above, on 20.02.2020 at 17:15 CET. 
 
   Certified Adviser 
 
   Mangold Fondkommission AB is the Company's Certified Adviser. 
 
   Telephone: [phone] E-mail: 
https://www.globenewswire.com/Tracker?data=8o3dTcD-6M82nZbyrNbp_bUQQ_31D74ZcuZMMSYUCSbtCE4snbCxS_hJ2Abbx-7IEhE0Y6BYRIHBxQGz9nfsR1SGYKQaqyuxU_JGNYWVztnYWyJploQxa7IvG-TrQQfb6i1fmRYFyRCawSHxujh3u4imm9Lg6HQacSw7Locz2cov5lD1FH6skJWxLi5JJ5fm2cphmAfM9KLre5kWYu8HEMIjl9M0hAYXhJoq_789sgMAgt-jgOP_fWOwzLTqUn2BK7fEZ1eT2hR4ADTn7uDeYdqdW4NbIXdYYgOPAEI7vZ9z4ggOZCZ-KTcQaXlXKpeEoxHteTOGJrZDF2c7DSeqkfgIVzgByjUzYgtYddyQDXlocaPPyeWvUppVwirAZnb8A8uxnoAlIp5FnOJCWVJVVtja217Mf2QGZ1LUCOlvvw4= 
[e-mail] 
 
   FOR FURTHER INFORMATION, PLEASE CONTACT: 
 
   European Investor Relations Contact: 
 
   Tim Metcalfe / Zach Cohen 
 
   CYBER1 Email: 
https://www.globenewswire.com/Tracker?data=kAi0nZU2imobLwVVRU9asIiTHl89GodJNW0Q1yWuuvFqc6n8Y8zm4eyWLKi7NaSdZAC0924ZkD6a3PU7UuAIPOPZ4BU99vKULN1heBmPtGStjurbOc4RclDYPxraFVfyM55fMMCIEq2bf29LwRhozACEMKaF-6cFGFmlZcaU708H8vm4CidPdO73kZgCVKypLc-lg2UmK0mC0YPVtt_uwvSaJffkB7jOuJ9IQFIAy6q6kmM4EW4fmeeD9gdMFoUAu8Z4jzGFWBTWioQ39NIUdxhVlepKoDEByr0MKWokvYclBwla2sPKcTEbgZ2b2t2kWllZ16BTrY9p8Z_5XyJPr79ejn3WCYv7WVWtd5Ykh8HZd0AlIpfDjH02g-T4TS3CoHigaghfsYgXOYZpFSKscWsD63c_LfKgq6St0M7hOsxjZzpc_FE6JeiwV5bwgnz4MpgJjNAyPv0bBmZSWrKQbfVRvR6SARjqTFZLUUIrjMG_vdORrJr-jST8knj4d5R75ZHFoilCcyzambnsGUed2g== 
[e-mail] 
 
   Matt Glover: U.S Investor Relations contact, CYBER1 
 
   Email: 
https://www.globenewswire.com/Tracker?data=kAi0nZU2imobLwVVRU9asKEuA0qrknOLVT8wuS6AZgJaOGz96Nbdmf0IJhP_7kEibGG5ayE5HU9UOTDvvCC4ztFIncBqCKn_K0pCbEzlraxApZDIWL0uupbkF0t2k7If-0q23HjJfh4-CBY6sLqiVqaZHdDWTRR9OQNlEhAWVipHSPJ2QzC3OQr2bq6gPobGilfNoV_JCSzJEwgE-yXV8gWdIhaPIsPvmr03-SGZhBg0p1fX_RknwcONgdSMx0DWT19Nd-clwSL_nfDuFFdceOljHwjYURO77VuoE68mWETWMH_2TkxnVHigBTh1lv3AhRKLWnT3OSUf2rKhuoyBM2_9jsiXICVQi9QyaMGULU0LLpQkRrt0fKCoNGc5bcez7z9If9i8FBJK91AL1v7FPNZvYPggNZTjqjjzA6J_QJ8o263eNUe5dfItdlXIXxsDtVielafXi94yVWuskCkf_X_XzAsBPIqZtulUFxB-XLI= 
[e-mail] 
 
   US-Investor Relations contact, CYBER1 
 
 
 
 
 
   ABOUT CYBER1 
 
   CYBER1 is engaged in providing cyber resilience solutions and conducts 
its operations through physical presences in UK, Greece, Sweden, Kenya, 
South Africa, Turkey, United Arab Emirates and the United States. Listed 
on Nasdaq First North Growth Market (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 revenue of 68.73m EUR in 
2019. For further information, please visit 
https://www.globenewswire.com/Tracker?data=GhmOxqadViK2aEUx_G_PSgN-HL85GNDnuU7VeoUANMykEZIVjozsOXQQZtjSIS7UhB50o9lYtRETXIzoMC4Dnw8Y2roA0qFW3yxYVLsw8V4= 
www.cyber1.com/investors. 
 
   For further information please visit: 
https://www.globenewswire.com/Tracker?data=GhmOxqadViK2aEUx_G_PSrzj06ZpvrqrBe_qi9ufQ9N1DZgiiYTvtjjs5Suw5C2M3JvVUnnd4aulTQ32BdyrX-ED4ico3DdJLoVi3dKgcNwOa7RudRZJJhRfZLKiwibx-IHH2lHruh7IT7jXmyRBWKaw6zWfD-pqEL3rM14OdwtH7i2FBBZCH0O5Zd3q2haK5ERie8PPAwefxfZ912svSI0jvIC04y-nI7VORB_yT8MIaFF1JA5_UShAjJPKWdEMLXQyR6SZkhVA2O6oRWApVoExuvmQHysHqqetmaAoO8WeU8m3PMfMyM0BnrFnh3PJUbzLDUbK0PUJMfmV70l1bPZKRj-k_7nCVL70U2kNPDDR_4pv1EnIxR5q2oW3pHZ64YKMWYZ5nKk6hsAD4zOtUSZTXrK_vy7mYRxgbA653dMHh3YCQmH7iZ6Wwl5zT-r1IjA-Fq9FPMz4gdgnBLDkd2GActX8RVYCB0fjJSrQBcrYST7Fvxe3fHcR34JX2oTNuqqHf3djuMUx0ktwlobOZvUCE-2Ur5382-u5VTpnHePDP1kjmMjvmW0HSL9sQmtwQ34NZcYzmWLIkDTABW9qp4QLObiT39zzv1X798UiVsnVxsuDWzkcdoOl3Nfj1vhQ_fXe_xAD7Wu4wDGTlO7Xr0-d9NPlA3Ec87oVaUp7MJE= 
www.cyber1.com 
 
   For all company filings and reports, please visit: 
https://www.globenewswire.com/Tracker?data=WXRbs6xsdThw0OfYUydzPLU94UOKEKAzP9TMMggsGTeelD6ZUKwFKGrEiegU6NT4nzdAMP_nMnSvRzkjXOVOTaHUvuIuW-A1KYj76ps7Z4eDP_ONz9m5GyCqFYP_BdjC2VWoMTnE37w3y0fKH0qJWjR_PZ-Nvk4InlXIJhQk2M3_zIbt6MIWiKQ8hy93T0fYOYf0ps2lrp69-sggMs9RM_OE2M0OAzEYOvKhQAjekp9ox_G2-zlsC15Uz0p15ytuOrN6sZNU5SfnFY8TQBoqqbuR1Xql54g7Dns2s7Sybx9DQD23JDAAnPY4XqNWaLioDa1HcHGeylDGPzotNJceWhkwzePAWQnwRGAiZSA7K5XBVxuvc2huS7cPKQSgtKym 
https://cyber1.com/cyber1-investor-information/ 
 
   Attachment 
 
 
   -- CYBER1-Q4-2019 Report 200220 
      https://ml-eu.globenewswire.com/Resource/Download/149aa83a-28ec-47f2-b6d2-b411491581e6 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

February 20, 2020 11:15 ET (16:15 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.