Cyber security provider Osirium Technologies (LON: OSI) has generated bookings of £2.52m in the nine months to September 2022, compared with £1.6m in the whole of 2021. The share price doubled to 5.5p. Management says that there is a greater awareness of privileged protection and security, and average contract values are increasing. Annual recurring revenues are £1.74m. There was £320,000 in the bank at the end of September 2022.
Richard Teatum has increased his stake in retailer Joules (LON: JOUL) from 8.92% to 9.99%. The share price recovered by 12.5% to 12.04p.
AIM company of the year Next Fifteen Communications (LON: NFC) failed in its attempt to acquire advertising agency M&C Saatchi (LON: SAA) and the share price has recovered some of the loss since the bid was announced. The fall in the share price made the bid less attractive. It rose yesterday afternoon and it is a further 9.68% higher at 963p.
Quantum Blockchain Technologies (LON: QBT) says the Venice court has issued its final judgement in the company’s claim against previous management and the audit committee of Sipiem. QBT has been awarded €6.19m, plus interest and costs. There is a right to appeal. The claim was sold to CL17 for €5,000 plus 30% of funds recovered. The share price rose 9.09% to 1.5p.
Oil and gas explorer Bowleven (LON: BLVN) reported a loss in the year to June 2022, while available cash has subsequently fallen to $500,000. This is not likely to be enough for Bowleven to make its contribution to the development of Etinde, offshore Cameroon, in 2023. Perenco is buying the stake in Etinde owned by New Age and that should restart progress with developing the asset. The share price slumped by one-third to 2p.
Security services and products supplier Westminster Group (LON: WSG) says revenues will be one-third lower than expected and a loss of £900,000 is anticipated. The MENA technology project has been delayed. Westminster should achieve profitability in 2023, but the Arden forecast has been slashed from £5.3m to £1.2m. The share price is one-quarter lower at 1.425p.
TomCo Energy (LON: TOM) has secured a further extension of the remaining $1m of the Valkor Oil & Gas loan to 30 November. TomCo still needs to secure longer-term finance and the shares are 11.3% down at 0.43p.
Data analytics company Rosslyn Data Technologies (LON: RDT) released full year results in the afternoon on Monday. In the year to April 2022, revenues from continuing operations fell from £3.6m to £2.7m and the cash outflow from operating activities was £2.23m. There was net cash of £882,000 at the end of September 2022, down from £2.4m at the end of April. Rosslyn Data has sold the assets of Integrite for an initial £1.6m with up to £1.4m based on revenue and growth targets. This was a non-core business. The share price fell 8% to 1.15p.
