Intercede ( (GB:IGP) ) has issued an announcement.
Intercede Group PLC has announced a trading update for the financial year ending March 31, 2025, highlighting strong underlying trading performance despite a projected 11.4% decrease in revenue to £17.7 million compared to the previous year. The decline is attributed to an exceptional perpetual license order in 2024. Despite this, recurring revenues from support, maintenance, and subscriptions have shown progress, comprising 58% of total revenues. The company expects improved profitability due to strong revenues and high operational gearing, with gross cash balances increasing to £18.7 million. Intercede has no debt and has made strategic changes to its R&D tax election to optimize future taxable profits.
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. Its innovative solutions help organizations protect against data breaches caused by compromised user credentials. Intercede offers a comprehensive suite of products, including Secure Registration, ID Verification, Password Security Management, One-Time Passwords, FIDO, and PKI, supporting customers in transitioning to passwordless and stronger authentication environments. The company serves global customers across various sectors, including government, aerospace, defense, financial services, healthcare, telecommunications, cloud services, and information technology.
YTD Price Performance: -27.97%
Average Trading Volume: 99,493
Technical Sentiment Signal: Hold
Current Market Cap: £76.87M
See more data about IGP stock on TipRanks’ Stock Analysis page.