Summary Highlights:
• Group revenue for Q3 2023 was €8,858k (Q3 2022: €11,325k). Quarterly revenues were aligned with anticipated pipeline conversion across the business units, combined with a total restructure in the
• Year to date Group revenue has increased (11%) year on year from €30,592k in Q3 2022 to €33,914k in Q3 of 2023. This continues to be a combined achievement of our own organic growth together with customer acquisition and the deployment of new technologies. The group continues to maintain the benefits of their investment spend in 2022.
• Gross margin for Q3 2023 YTD has improved by €1,325k (22%) in the current period under review. This steady growth continues to be a combination of the groups refreshed strategy of the establishment and utilisation of the
• Operating Expenditure for Q3 2023 YTD has significantly decreased (€603k) when compared to 2022, a decrease of 7% as part of its focused cost containment measures. Regardless of the delayed revenue growth in Q3 the business has an improved EBITDA result of € -760k compared to a loss in Q3 2022 of € 2,607k.
Commenting on the quarterly results, Executive Director and President
The report is attached to the release, as well as available on our website: https://cyber1.com/investors
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