FY 2024
PRESENTATION
Carl Herberger, CEO
Chris Goulden, CFO
April 2025
AIM: CNS OTCQX: DDOSF
THE YEAR IN DDOS (AND IT'S ONLY APRIL)
LARGEST ATTACK ON RECORD
Cloudflare detected a 5.6Tbps attack (equivalent to downloading 420 4K movies in one minute).
DEEPSEEK AI
Following the release of its reasoning model on January 20th, AI startup DeepSeek experienced multiple waves of DDoS attacks.
GREECE'S MINISTRY OF DIGITAL GOVERNANCE
The SYZEFXIS public sector network was attacked, leading to connectivity issues and affecting the response speed of certain applications on the government's official portal.
GERMAN RAILWAY COMPANIES
These attacks disrupted access to their timetables, causing inconvenience for passengers.
AIM: CNS OTCQX: DDOSF | 3 |
WELL KNOWN DDOS THREAT ACTORS
KILLNET
A pro-Russian hacktivist group that frequently targets NATO countries, governments, and critical infrastructure.
ANONYMOUS SUDAN
Widely believed to be a Russia-affiliated group conducting politically motivated DDoS attacks.
LAZARUS GROUP
A North Korean state-sponsored group known for cyberattacks, including DDoS.
REvil AND OTHER RANSOM DDOS (RDDOS) GROUPS
Some ransomware gangs also conduct DDoS attacks as part of extortion attempts.
AIM: CNS OTCQX: DDOSF | 4 |
TOOLS OF THE TRADE: BOTNETS AND MALWARE
MIRAI
The most famous IoT-based botnet, which first appeared in 2016. It infects routers, cameras, and DVRs, launching massive attacks.
MOZI
A peer-to-peer (P2P) botnet targeting IoT devices, with an emphasis on persistence and self-updating capabilities.
MERIS
A powerful botnet responsible for some of the largest HTTP-based DDoS attacks, often leveraging vulnerable MikroTik routers.
GAFGYT (BASHLITE)
Some ransomware gangs also conduct DDoS attacks as part of extortion attempts, demanding payments to stop the attack.
AIM: CNS OTCQX: DDOSF | 5 |
ABOUT CORERO NETWORK SECURITY
INNOVATOR IN DDoS PROTECTION
Advanced high-performing, hardware-agnosticprotection against malicious network/server activity, ensuring continuity, availability and uptime
STRONG RECURRING REVENUE
16% ARR growth YoY, 97% customer renewal rate (FY 2024)
SOLID REVENUE GROWTH
10% revenue growth, 91% gross margin (FY 2024)
EXPANDING GLOBAL REACH
Significant new contracts across North America, Europe, Asia, and LATAM expansion
WELL-POSITIONED FOR GROWTH
With a proven track record, expanding product portfolio, and strong financial foundation, Corero is poised for continued growth in the evolving cybersecurity
AIM: CNS OTCQX: DDOSF | 6 |
FY 2024 IN NUMBERS
$24.6m | $2.5m | $19.5m | 91% |
REVENUE | EBITDA | ARR | GROSS MARGIN |
+10% YoY | +42% YoY | +16% YOY | +1% |
97% | 90 | 50+ | |
CUSTOMER | PEOPLE | COUNTRY | |
RENEWAL RATE | WORLDWIDE | FOOTPRINT | |
AIM: CNS OTCQX: DDOSF | 7 |
WHAT WE DO
Corero ensures businesses stay online by stopping cyberattacks before they cause downtime, protecting revenue and customer trust.
AIM: CNS OTCQX: DDOSF
STOPPING ATTACKS, PROTECTING SERVICE AVAILABILITY
REAL-TIME, ADAPTIVE PROTECTION
Corero adapts to evolving threats and seamlessly integrates into hybrid and on-premises environments.
AUTOMATED SECURITY, MINIMAL IT WORKLOAD
More than half of Corero customers use managed services, freeing IT teams while competitors require dedicated staff.
SEAMLESS DEPLOYMENT, MAXIMISED ROI
Deploys without disrupting operations, maximising ROI by integrating with existing edge routers and minimising time to value.
CONTINUOUS AVAILABILITY, ZERO COMPLEXITY
Ensures continuous service availability while avoiding the complexity and inefficiency of legacy solutions.
AIM: CNS OTCQX: DDOSF | 9 |
SMARTWALL ONE: ALWAYS-ON, ADAPTIVE DDOS DEFENCE
HYBRID CLOUD
- Supports hybrid-first strategies as cloud repatriation grows
- Optimises cloud costs & compliance
- Automatically shifts traffic to the cloud when needed
- Always-onprotection, no manual intervention
ON-PREMISES
- Fastest DDoS protection with near-zero latency
- Direct control over security posture & compliance
- Maximises performance while reducing cloud dependency
- Multi-siteresilience ensures uptime across locations
Corero DDoS Intelligence Service
- Automated, AI-assisted subscription service for Corero SmartWall ONE customers
- Delivers pre-emptive attack mitigation before the first attack is even detected
AIM: CNS OTCQX: DDOSF | 10 |
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