Osirium Technologies Share Discussion Threads

[bookbroker] 24/4/2018 08:03

You have not included the cash raised from the recent placing!

[opodio] 24/4/2018 07:18

50p coming

Miniscule revenues after years of trying

Bigger loss than last year

Not much cash left



• Total Revenue of £647,580 (2016 12m period: £397,678), up 63% YoY

Total Bookings of £876,323 (2016 12m period: £393,826), up 123% YoY
• Operating loss of £2,296,814 (2016: £1,822,497)

[bookbroker] 06/3/2018 09:01

I think they have done well to get the placing done at a shallow discount to current price, that suggests a degree of confidence in the future!

[18bt] 06/3/2018 07:21

Placing as predicted by Skyracer - at 134p raising £4m odd. Not much of a trading update, but claim they are building a growing pipeline of sales opps. Really need some audited figures to prove it

[bookbroker] 22/2/2018 11:06

Hopefully they are now generating positive cash flow, some of these contracts have been running for six months or more, if not, then then the management need to take a pay cut, at the current valuation it will barely support another fund raising unless a placing, but you wonder they are doing, either that or they failed to raise enough at the IPO!

[skyracer] 22/2/2018 10:28

Looking at the cashburn you would expect another placing is needed shortly.

[18bt] 21/2/2018 07:32

Another nice contract win. Some news to support the share price

[18bt] 23/11/2017 07:40

Another good contract win. Looks like Horwich Farrelly which seems to have 750 staff

[18bt] 09/11/2017 10:12

Creeeping back up to the issue price!

[18bt] 09/11/2017 07:29

Another contract win - but this sounds small

[bookbroker] 25/10/2017 09:26

Or DFX, a shocker!

[bookbroker] 25/10/2017 08:11

They could easily raise a few million, and the placing price would not be much less than current price, new revenues coming on stream from contracts won in early 2017, but a placing would be well received, more so than Clln and Irv!

[bookbroker] 25/10/2017 08:05

There is plenty of cash to see them through this to next year, even at current burn, but it would be no problem to raise more capital.

[18bt] 25/10/2017 07:25

Contract wins always welcome, but does feel like announcements being primed for fund raising

[middlesboroughfc] 25/10/2017 07:08

Not actually very much cash left here

[middlesboroughfc] 25/10/2017 07:07

Contracts with no value being reported

Why not state value

Cos u is hemoraging cash and is pumping for rights issue

[bookbroker] 12/10/2017 10:47

Not such a big deal, but as a vote of confidence in the product, I’m sure OSI will benefit from the increasing profile that its products provide, cyber security not to be taken lightly, the only caveat is there are numerous businesses offering a variety of alternatives, it’s finding a useful niche and pursuing that agenda, PAM seems an interesting product providing a meaniningful service. Hope this will blossom and continue to thrive!

[shambaby] 12/10/2017 08:20

Osirium Technologies plc (AIM: OSI.L), a UK headquartered cyber-security SaaS provider, is pleased to announce that two tier 1 customers, a leading telecommunications group and global aerospace & defence company have renewed their contracts for 12 months and 24 months respectively.

�

Under the terms of these contracts, Osirium will deliver its full PxM product offering of Privileged Account Management, Privileged Task Management and Privileged Session Management modules and associated consultancy services.�

�

David Guyatt, Chief Executive Officer, commented: "We are delighted that these two global businesses across two different vertical sectors continue to value our partnership by renewing their contracts.� This provides further validation of our simple to use and easy to deploy PxM technology and its ability to be installed quickly and scale across international businesses to assist them in cyber-security protection.� The Group looks forward to continuing to work closely with these two customers for many more years to come."

[bookbroker] 11/10/2017 08:25

Certainly a business to take an interest in, every company particularly financial should be tightening up their processes!

[shambaby] 04/10/2017 12:39

Agree, this is going to be legendary

[bookbroker] 04/10/2017 12:04

Young company making big waves, reach for your surfboards, this is going to race baby!

[kipper1960] 26/9/2017 11:09

I didn't feel the results were awful; the sales growth is impressive (albeit from a low base)and I think the loss is distorted due to investment in sales and marketing post IPO. I doubt this level of investment in S&M will be sustained, so cash burn will actually be lower than in H1. I would expect sales to grow at same rate as the new distributors gain traction. Bear in mind with SaaS, cost of goods sold is negligible, so GP is very high. I would expect (hope) the management are planning for positive cash flow well before cash runs out.

FYI, I have nothing to do with this company, other than being a small shareholder.

[middlesboroughfc] 25/9/2017 08:45

awful looking results

cash running out, at current loss rate of £1m loss every six months

As at 30 June 2017, the Group had cash balances of GBP2,015,948 (2016: GBP4,518,173).


Looks like it will run out of cash by next June

9 months life expectancy

[bookbroker] 09/8/2017 12:37

It appears that the tide is turning, held on to a few, we'll see!