Business
Preliminary Results
Preliminary Results.
About this update from Intercede Group Plc
[{"type":"text","content":"\n Intercede Group PLC\n01 June 2006\n\n INTERCEDE GROUP plc\n ('Intercede', 'the Company' or 'the Group')\n\n\n Preliminary Results for the Year Ended 31 March 2006\n\n\nIntercede, a leading developer of identity management software, today announces\nits preliminary results for the year ended 31 March 2006.\n\n\nSUMMARY\n\n- Sales increased by 18.6% from £1.8m to £2.1m, with sales of core MyID licenses\n up 21%.\n\n- Further improvement in gross margin to 95% (2005: 94%).\n\n- Operating loss reduced to £0.3m (2005: £0.4m), notwithstanding increased\n investment in sales and after-sales staff.\n\n- Full year cash inflow of £0.4m (2005: cash outflow of £0.4m). Cash balances of\n £1.1m (2005: £0.7m) at financial year end.\n\n- Convertible loan stock extended through to 31 May 2009.\n\n- Licences granted to date will enable the issue of more than 1 million smart\n cards.\n\n- $0.5m of advance licence fees secured from the delivery of products compliant\n with the US Government's Homeland Security Presidential Directive- 12 \n ('HSPD- 12').\n\n- RSA Security, SafeNet and VeriSign added to growing OEM partner list, which\n now includes most of the world's leading industry participants.\n\n- Growing worldwide corporate and governmental awareness of the need for\n technological solutions to major security issues.\n\n\nRichard Parris, Chairman & Chief Executive of Intercede, said today:\n\n'We are close to the point where the need for suitably robust systems to protect\nemployees and citizens is no longer a matter of choice for large organisations\nand governments. The debate over the UK National ID Card Scheme and the US\nGovernment's HSPD- 12 are only two examples of many around the world. We are\nsure that there will be more and more investment in this area and we believe we\nare well placed to benefit from the anticipated market growth.'\n\n\nAbout Intercede\n\nIntercede Group plc is a leading developer and supplier of smart card and\nidentity management software listed on the London Stock Exchange (IGP LN)\n(IGP.L). The Group's MyID software manages the secure registration, issuance and\nlifecycle of digital identities for a wide range of uses. This requires the\nintegration of multiple technologies and products from many different vendors,\nincluding smart cards, biometrics, digital certificates and Open Platform\nappl...