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Osirium Technologies PLC - Cardiff, Wales-based cybersecurity firm - Says its annual recurring revenue for the first quarter of 2023 was £2.0 million, up 25% from £1.6 million a year prior. Cash balance and debtor position at March 31 was £690,000. Based on previous years, expects to receive a research and development tax credit of around £600,000 before the end of the first half of 2023. Attributes ‘positive momentum’ into the new year to new customer wins in utilities and chemicals sectors as well as expansions within its existing customers. Current stock price: 1.70 pence, up 13% 12-month change: down 81% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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