Corero Network Security Share Discussion Threads

[ifaze] 17/1/2023 11:22

Daz, don't know if I have a better understanding, but the RNS states 2This shortfall in revenue can be attributed primarily to delays in customer decision making and buying cycles being extended which has affected customer order timing."

[daz] 17/1/2023 10:40

Can someone with a better understanding of the business explain how revenue has fallen when they say they added 32 customers and renewal rates are running at 98%?

Also, the 13% growth in ARR, although creditable, is not as much as I expected in what I thought was a faster growing niche.

[owenski] 17/1/2023 09:39

Eating through their cash aren't they. Still a cash burner.

[ifaze] 08/12/2022 10:54

Well I hope so, because it's one of my largest holding now having been buying for a good few years. I did sell a few at 11 12 and 14p early last year - might sound clever but lost more on what I bought with the proceeds!

[financeguru] 08/12/2022 09:00

so is this going to be the next big thing? should I put my house on it?

[slim9] 13/9/2022 07:10

INDEED................

Financial summary:

-- Record H1 2022 order intake(1) , increasing by 22% to $10.9 million (H1 2021: $8.9 million)
-- Record H1 2022 Group revenue up 6% to $8.8 million (H1 2021: $8.3 million)
-- Record Annualised Recurring Revenues (2) ("ARR") up 21% to $13.6 million (H1 2021: $11.2 million)

-- Continued strong gross margin of 88% (H1 2021: 84%)
-- Record EBITDA (3) of $0.9 million (H1 2021: EBITDA of $0.1 million)
-- Record Adjusted EBITDA(4) of $0.3 million (H1 2021: Adjusted EBITDA of $0.0 million)
-- Net cash at 30 June 2022 of $5.8 million (30 June 2021: $5.1 million)

[2vdm] 12/9/2022 09:22

Interims due tomorrow, so hopefully see continued progress.

[zxie] 27/7/2022 08:36

INSP shares jump soon

[skid35] 27/7/2022 06:58

Not sure you understand the software / saas business model. They sell to product description to a standard contract set with very minimal marginal costs. If they take consultancy contracts they will ensure risk is with the customer and not linked to base software performance. Software companies do not turn away business due to the very high margins, low delivery cost and risk helping cover high fixed costs (r&d, admin, sales).

[9degrees] 26/7/2022 11:18

a very decent set of results - to increase revenue in this sort of business takes time and precision to make sure it works positively. Many companies just take on extra work for the sake of it and them fail on delivery .

[skid35] 26/7/2022 10:07

Surprised the market reaction here. The key here is the move to repeatable as a service revenue from selling perpetual licence and products - as well as renewals on the support element of their perpetual products. As a service revenue far more highly valued, at least in the US, so arr and contracted backlog are key. The ‘surprise̵7; h2 revenue and profit last year was from a perpetual deal. To me a really decent set of results, some divis from elsewhere later this week for a top up for me.

[daz] 26/7/2022 09:18

The 6% revenue increase looks like a big miss vs. expectations. Stockpedia has revenues forecast to almost double this year (I'm not sure which broker they get the figure from). They'll be well short of achieving that

[metis20] 26/7/2022 07:28

Order intake, which reflects revenues recognised over the lifetime of each of the contracts, remained strong across H1 2022, up 22% to c.$10.9 million (H1 2021: $8.9 million).

Revenue for H1 2022 increased c.6% to c.$8.8 million (H1 2021: $8.3 million) with EBITDA2 in H1 2022 expected to be c.$0.9 million (H1 2021: $0.1 million), with successful development in the execution of management's go-to-market strategy.

[9degrees] 06/7/2022 16:45

we should have trading update in a week or two - exciting !!

[fuji99] 26/4/2022 12:03

Price target raised to 26p at Conaccord.

[fuji99] 26/4/2022 08:23

I would add that it is not easy to turn very quickly a loss into a profit. This is a proof of strong awareness by the management of keeping cost under control. A good quality company.

[fuji99] 26/4/2022 08:08

Excellent results and excellent management very aware of cost control. In my opinion, this is how gems start to become big. In a few years the share price we see today will be just history. I feel very confident about the prospects of this company. When it will be on the radars of many, the train has already left the station ... So Buy/accumulate as many as you can afford and just sit back and relax.

[qs99] 26/4/2022 08:04

All depends on how the market sees the run-rate, but v. decent update IMO and the ARR piece is key IMO....be interested to see where they guide any brokers to for this year and next. Long way to go DYOR

[jammytass] 26/4/2022 07:36

Very upbeat RNS
A take over target for the big boys

[fuji99] 21/4/2022 09:54

Interesting company with a very experienced and competent management. It is not a new company either as they were around in this domain for a while. Finals due next Thursday 28 April where they will certainly flag up huge improvements in growth and nearing profitability. As cybersecurity segment is becoming more and more vital to every industry, just tuck away and hold for a few years.

[metis20] 13/4/2022 07:07

Corero Network Security plc (AIM: CNS), a leading provider of real-time, high-performance, automatic Distributed Denial of Service (DDoS) cyber defense solutions, will announce its results for the year ended 31 December 2021 on Tuesday, 26 April 2022.

In addition, the Company will be hosting a presentation for investors in relation to the Company's full year results on Thursday, 28 April 2022 at 1.00 p.m. BST.



and for the 24 Jan FY trading update:-

[qs99] 11/4/2022 11:16

Chugging nicely ahead of Finals....DYOR

[slim9] 08/4/2022 14:39

I'm guessing the movement is a Share tip - due out.

[cheshire man] 08/4/2022 11:07

Interactive Investor but DYOR :-)