www.intercede.co.uk

Intercedes flagship product is the MyID system.

MyID is the ultimate smart card and identity management platform. MyID enables Corporate, Financial, Government, Pharmaceutical, Healthcare, and Educational organizations to efficiently enrol, quickly issue and effortlessly manage the lifecycle of smart cards, USB authentication devices, biometrics and identity credentials. MyID is already integrated with the most identity technologies and systems so that an organization can immediately start issuing smart cards and smart card-based devices to their employees. These devices can then be used to securely access both physical and logical resources.

Intercede is currently working on or negotiating on 10 projects. Previously, it has supplied ID card security solutions for NATO conferences and is currently rolling out hundreds-of-thousands of ID cards, with a partner, to US port workers.

Well worth a look, and a punt.

See below a summary of the Final results released today, the shares are up 3p to 46p but still worth researching this one further if anyone is interested. Statements don't come much more bullish than this one.

Identity software firm Intercede more than doubled sales revenues and moved into the black in the year to the end of March.

Sales revenues rose to 5.7m from 2.8m with the firm posting a pre-tax profit of 1.4m comapred with a loss of 0.2m last time.

The firm had cash balances of 3.7m (2008: 1.15m) and convertible loan notes of 1.9m (2008: 1.8m) at the financial year end.

It said all external borrowings had been eliminated following the decision of the convertible loan note holders to convert their loan notes into equity.

Chairman and chief executive Richard Parris said: "This was the year when Intercede bridged the chasm between market opportunity and commercial success, resulting in a rapid increase in profitability.

"We have spent a number of years laying the foundations for future exploitation of the identity security market, which we always believed would present a major commercial opportunity.

"Demand continues to be strong and, with cash in the bank and a healthy pipeline of business, we are extremely optimistic about our future prospects."

Nice write up of last weeks interims in IC today . Tipped as a BUY:

http://www.investorschronicle.co.uk/Tips/Buy/MiniTips/article/20091215/c5fb3e38-e967-11de-8ea1-00144f2af8e8/Intercede-in-good-shape-to-expand.jsp

Yes very good write up, we just need to see this Actividentity case concluded now
then we should see a stronger performance.

Intercede beats forecast and eyes "explosive growth"

Thu, 05 June 2014

Identity cards group Intercede has broken back into the black, with revenues rising even higher than a recent trading update had suggested.

The company upped investment in infrastructure, technology development and sales capacity, and said it intended to continue to pursue a "considered" programme of investment in corporate infrastructure to provide it with the scale to take advantage of trends it perceived as stoking its markets.

Sales revenues rose 45% to £9.8m, higher than the 40% expected and, with operating expenses up to £9.4m from £7.5, meant the AIM-listed company produced a £0.8m profit compared to a comparative loss of £0.6m the year before.

Significant contract wins included a large-scale US government transport security programme, two of the top six global aerospace and defence companies, and flagship mobile identity contracts with North American and German telecoms companies.

Chairman and Chief Executive Richard Parris said these major contracts will provide a "stable base" of revenue, with additional scope to grow as Intercede wins further such contracts.

He added that the newer "cyber security" market that was increasingly providing larger opportunities for growth.

"The trends we are seeing here suggest the market is on the edge of potentially explosive growth: the traditional password becoming obsolete, the proliferation of mobile devices to conduct more and more daily lifestyle functions and the increasing number of business services being conducted online.

"All require highly sophisticated forms of trusted identity, the cornerstone of cyber security, and this is an area in which Intercede is a leading provider"

As such, and with net cash standing at £7.2m at period end, he said management intend to continue to invest in the business.

Broker FinnCap said: "Intercede is, in our opinion, the evident go-to provider for credential and identity management software, with opportunities expanding with accelerated investment: we review forecasts to increase revenue and investment expectations. We lift our target to 220p."

Shares in Intercede were up 4.6% to 75.2p just before close on Thursday

This could be interesting over the next few days or so.

A couple of excellent additions to the Board recently, nice contract win since last trading update on 5 April and final results due early next week.

DYOR of course but I've had a nibble at 60p.

:o)