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Defenx Plc

Defenx PLC “88% YOY revenue growth, fourth consecutive year of profitable growth”

Andrea Stecconi, Chief Executive Officer of Defenx plc, commented: “2015 has been a year of good progress for Defenx and we have continued to grow the business financially and are delighted to report that we finished the year slightly ahead of market expectations. We successfully completed our IPO on AIM in December where we raised GBP2.1 million to invest in our business.

We have had a strong start to 2016, launching Windows Phone 10 and Defenx Cloud Backup products. I would like to take this opportunity to thank our staff and shareholders whose hard work and support have facilitated the growth seen in 2015, which we hope to continue.”

Defenx PLC (AIM: DFX), the mobile security software solutions company, has given DirectorsTalk its preliminary results for the year ended 31 December 2015.

Financial Highlights

   -- 88% year-on-year revenue growth to EUR4.5 million (2014: EUR2.4 million) 
 
   -- Fourth consecutive year of profitable growth - operating profit before exceptional AIM admission costs of 
      EUR979,000 (2014: EUR805,000) 
 
   -- Over 3.1 million licenses sold to date with 937,000 active licensed users of Defenx software at the year end 
 
   -- 70% of revenues from software for mobile devices 
 
   -- Successful admission to AIM raising EUR3.0 million (GBP2.1 million) in gross proceeds to fund software 
      development and sales growth

Operational Highlights

— Launched Defenx Mobile Security Suite for iOS and Enterprise NAS Antivirus software (under the Seagate Security brand)

   --     Key customer 3Italia launched Defenx-branded security software 
   --     Secured two major channel partners

— Windows 10 launch – Defenx Mobile Security Suite now addresses the top three smartphone operating systems and over 90% of the market Worldwide

— Established management, reporting and systems suitable for AIM and to support future growth; appointed two non-executive directors, including our Chairman, significantly strengthening the board of directors

 

Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.