Corero Network Security’s Strong H1 2024 Growth

Corero Network Security (GB:CNS) has released an update.

Corero Network Security reports a robust first half of 2024 with a 16% revenue increase to $12.2 million, significant customer acquisitions, and a strong annualized recurring revenue (ARR) growth of 12% to $17.2 million. The company also highlights a solid EBITDA of $0.7 million, a stark improvement from the previous year’s loss, and a record cash balance of $7.9 million. These financial gains reflect the successful implementation of Corero’s accelerated growth strategy and position the company well for meeting its full-year targets.

For further insights into GB:CNS stock, check out TipRanks’ Stock Analysis page.