{"id":149509,"date":"2020-05-15T10:01:28","date_gmt":"2020-05-15T10:01:28","guid":{"rendered":"https:\/\/www.bnreport.com\/osirium-technologies-slides-as-losses-widen-in-2019\/"},"modified":"2020-05-15T10:01:28","modified_gmt":"2020-05-15T10:01:28","slug":"osirium-technologies-slides-as-losses-widen-in-2019","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/osirium-technologies-slides-as-losses-widen-in-2019\/","title":{"rendered":"Osirium Technologies slides as losses widen in 2019"},"content":{"rendered":"

Osirium Technologies<\/a> PLC (LON:OSI<\/a>) saw its shares slide on Friday as the cybersecurity software group saw losses widen in 2019.<\/p>\n

For the year ended 31 December, the AIM-listed firm reported a pre-tax loss of \u00a33.45mln, wider than the \u00a32.68mln loss in 2018, despite revenues from continuing operations rising 22% to \u00a31.17mln.<\/p>\n

Post year-end, Osirium said it had entered the year with its \u201cstrongest pipeline to date\u201d, with continues business momentum and further sales including in the NHS and Ambulance services. The group added that it has also achieved 100% renewals with existing customers.<\/p>\n

The company also said it has established a presence in Benelux and had started sales and marketing initiatives in that region as well as in the Nordics.<\/p>\n

Meanwhile, total bookings, the companys key performance indicator, rose 54% to \u00a31.82mln.<\/p>\n

Osirium also reported that deferred revenues had increased by 89% to \u00a31.37mln, which it said provided \u201cenhanced visibility\u201d.<\/p>\n

The group also said as a result of the coronavirus pandemic it has taken action to ensure staff are working from home, which it said had allowed it to continue servicing customers with \u201cno compromise on service levels or delivery\u201d.<\/p>\n

\u201cThe board remains cautious and vigilant in the very short-term as the full impact of [coronavirus] on the general economy is not yet known, however, we have contingency plans in place and factored these into our planning and are limiting the cash outflows out of the business aRead More \u2013 Source<\/a>
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Proactiveinvestors<\/a><\/h5>\n

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Osirium Technologies PLC (LON:OSI) saw its shares slide on Friday as the cybersecurity software grou..<\/p>\n","protected":false},"author":1,"featured_media":149510,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-149509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"\nOsirium Technologies slides as losses widen in 2019 - Business News Report<\/title>\n<meta name=\"description\" content=\"Osirium Technologies PLC (LON:OSI) saw its shares slide on Friday as the cybersecurity software grou..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/osirium-technologies-slides-as-losses-widen-in-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Osirium Technologies slides as losses widen in 2019 - 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