By Joe Hoppe
Crossword Cybersecurity PLC said Monday that it expects to report revenue growth of 59% for 2022 after strong core cybersecurity consulting and product-related performance, and will target revenue growth of 60% for 2023.
The cybersecurity company said it expects to report revenue of 3.7 million pounds ($4.5 million) for 2022.
Revenue growth in the second half was more than double that of the first six months, it said.
High demand for products and services in the second half has provided the company with strong momentum going into the new year, it said. Revenue is expected at around GBP6 million for 2023 and will be led by growth in cybersecurity consulting and product-related revenue, the company said.
“Crossword enters 2023 with strong momentum and a highly capable team to leverage a growing pipeline and we look forward to updating shareholders on progress,” Chief Executive Tom Ilube said.
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