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Crossword Cybersecurity saw its total comprehensive loss for the period at £1.1m, an increase of £250k over the same period in the prior year due to investment in product development and sales and marketing.
However, orders received for Rizikon Assurance during the period were more than double those received in the same period last year with a pipeline now more than doubling in the first six months of this year standing at £3m.
Total revenue increased by 5% to £571k, and no dividend was paid.
The Directors are confident that full year results will be in line with market expectations, with the CEO commenting: 'We believe we are getting close to agreeing one or more distribution deals over the coming months with partners who have large client bases both in the UK and internationally.'
At 8:31am: (LON:CCS) share price was -49p at 456p