
27th November 2019
Shearwater Group plc announces its unaudited results for the six months ended 30 September 2019
Highlights:
- Group revenue up 262% at £16.3 million (2018: £4.5 million)
- Underlying organic revenue growth of 11%
- Group Underlying EBITDA of £1.0 million (2018: EBITDA loss of £1.6 million)
- Adjusted earnings per share of 2.23 pence (2018: loss 18.73 pence)
- Acquisition of Pentest substantially expands security testing and “red teaming” capability
- New software product developments, including launch of cloud hosted “as-a-service” offerings to complement on-premise solutions
- Substantial number of live cross-selling opportunities generated – 19 converted into contract wins