The latest update is out from Intercede ( (GB:IGP) ).
Intercede Group PLC, a leader in cybersecurity software focusing on digital identities, has announced a trading update for the fiscal year ending March 31, 2025. The company expects revenues to be approximately £17.7 million, a decrease from the previous year due to an exceptional order in FY24. Despite this, recurring revenues remain strong, and the company anticipates improved profitability due to high operational gearing. With gross cash balances of £18.7 million and no debt, Intercede is well-positioned financially, even after significant cash outflows related to share buybacks and R&D tax adjustments.
Spark’s Take on GB:IGP Stock
According to Spark, TipRanks’ AI Analyst, GB:IGP is a Outperform.
Intercede’s overall stock score reflects its impressive financial performance and positive corporate events, which are the most significant factors. Strong revenue growth, profitability, and cash flow management underpin the company’s solid financial health. Despite mixed technical indicators, the company’s reasonable valuation and recent contract wins contribute positively to its outlook. The lack of recent earnings call data means the score relies more heavily on available financial and corporate event data.
To see Spark’s full report on GB:IGP stock, click here.
More about Intercede
Intercede is a cybersecurity software company specializing in digital identities, offering solutions that protect against data breaches caused by compromised user credentials. Their product suite includes Secure Registration, ID Verification, Password Security Management, One-Time Passwords, FIDO, and PKI, supporting a transition to passwordless environments. Intercede also provides professional services, custom development, and manages a large password breach database, serving sectors such as government, aerospace, defense, financial services, healthcare, telecommunications, and IT for over 20 years.
YTD Price Performance: -27.97%
Average Trading Volume: 99,493
Technical Sentiment Signal: Hold
Current Market Cap: £76.87M
See more insights into IGP stock on TipRanks’ Stock Analysis page.