Corero Network Security plc provided an update on trading for the year ended December 31, 2014. EBITDA loss (operating loss before depreciation, amortisation and financing) for the year ended 31 December 2014 is expected to be in line with market expectations of approximately $7.0 million compared to EBITDA loss of $6.2 million reported in 2013 and revenue is expected to be approximately $7.5 million compared to $10.3 million reported in 2013 which was below the revenue guidance announced on 6th November. Revenue was impacted by a tail-off in the sales, in the last quarter, of the previous generation product.

Net cash at 31 December 2014 was $6.0 million compared to $9.5 million in 2013.