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  • BY: Andrew Hore |
  • POSTED: 27/01/2020 |

Cyber security services provider ECSC generated record second half revenues in 2019. 

That meant that 2019 revenues increased from £5.4m to £5.9m. Managed services increased revenues by one-quarter. ECSC reduced its loss.

The bad news is that 2020 forecasts have been downgraded. It is no longer expected to move into profit in 2020 although the loss should be much lower. A profit could be achieved in 2021.

Net cash should increase from £348,000 to £379,000 despite the loss in 2020.

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