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Trading statements

Intercede H1 revenues up 30%

05 October 2017 08:24

Intercede's first half revenues increased to more than £3.6m - 30% up on last time.

A trading update said that this was primarily due to new customer wins; the most notable including MyID licence sales to the largest US military shipbuilding company, a major US Aerospace & Defence contractor and one of the world's largest diversified natural resource companies.

It said that cash balances at the end of September totalled £4.8m compared with £1.4m a yar ago.

Intercede raised £4.6m (net) from the issue of convertible loan motes snd new equity in January with a further £0.5m from the same CLN instruments in August.

At 8:24am: (LON:IGP) Intercede Group PLC share price was +1p at 59p

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