Crossword Cybersecurity revenues grow by a quarter in 2020 despite challenging conditions
The company also said it expects its revenue growth rate to “more than double in 2021 amid the rapid rollout of its Rizikon Pro product
Crossword Cybersecurity PLC (LON:CCS) reported revenues grew by a quarter during the year despite what it said was “the toughest economy in recent memory”.
In its results for the year to December 31, 2020, the AIM-listed firm reported revenues of £1.6mln, up 25% year-on-year, noting 39% growth in revenues from its product and consulting segments.
The company also reported a pre-tax loss of £2.3mln in the year compared to £2.1mln previously, although it highlighted £0.2mln in cost increases due to the expansion of its executive team and interest on convertible loan notes.
within maybe a mile or so. but the black boxes, remember, are attached to the structure. so they wouldn t be expected to be far at all, if not right at the area of the most debris. so question, i m going to come right back to you, david, with a question from someone on twitter using #370qs. this one is from john craig jr. why can t they design a black box that floats and has a gps? i wonder if that s possible even, but i guess the question gets to, is there an easier way to get this information? does it always have to be this difficult? yeah, there is, actually. there s a patent on a product that s an ejecting box. the military has been using this for a while, as a matter of fact. and it was recognized in the safe act following 9/11 to be deployed. but no action has been taken on that. they haven t followed that forward. the box comes out. it s ejected either by the impact or if it doesn t work, then it s ejected by pressure
from the water. it works like an epirb, which is an emergency radio beacon used on ships. so it doesn t need to be gps on it. what happens there is it sends out a frequency at 406 megahertz. at that, it s triangulated upon by 16 satellites that continuously are available to provide that location. so, yeah, there s much better technology available right now. david stupples, why do we not at this point, since we ve honed in on the small eest search are they ve had yet, deploy that blue fin underwater drone? well, the blue fin can probably search out about 40 square miles a day at maximum. but realistically, it s going to be 10 to 20 square miles a day. if you think at the moment, we ve got 140-mile area to search. that will take a considerable amount of time. so what they re hoping to do is
we haven t heard about a new ping in a couple of days now. are you of the mind and let s start with you, professor that the batteries are already dead? well, i couldn t say whether the batteries are dead at the moment, but they certainly will be getting a lot weaker, and the signal strength will be falling away quite rapidly, which also means that the frequency will be falling away as well. david, i wanted to throw this to you. we have a question from michael on twitter. actually, from david on twitter. had never even thought about this before. but it s interesting. he said, is it possible to remove flight data and cockpit recorder from a 777? in other words, could they have been dumped as a diversion? you know, that s something i hadn t thought of either, but it would be extremely difficult,
detected within 17 miles of one another. that means that the 10 planes and 14 ships conducting today s search are focused on one of the smallest search zones to date. let s put this in perspective. take a look at this map. you see massachusetts and connecticut there highlighted in red. that is the size of today s narrowed-down search zone. you might remember at one point the search area was about the size of the continental u.s. in its entirety. progress, but still two u.s. states is the size of this search area. time is ticking away for the crews. the batteries on the plane s black boxes are quickly fading, if they re not dead already. and although those signals were detected relatively close to one another, they re also coming from about three miles below the surface. let s talk about it with a safety analyst and the author of why planes crash. and david stupples is a professor at the university of london. okay, gentlemen. good to have both of you.