Investegate |Kape Technologies Announcements | Kape Technologies: Half-year Results investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
17 March 2021 | 09:38am
StockMarketWire.com - Digital security company Kape reported a jump in annual profit as demand for digital privacy and security products bolstered revenue growth.
For the year ended 31 December 2020, pre-tax profit jumped to $7.3 million from $2.8 million, andrevenue increased 85% to $122.2 million
Revenue was driven by a 31% increase in organic growth in the digital privacy segment and full year contribution of Private Internet Access, the company said. We have successfully completed the integration of PIA realising cost savings which were 50% higher than we anticipated, alongside strong traction in new users in Q4, it added.
Subscribers rose to 2.52 million at 31 December 2020 from 2.31 million last year.
19 January 2021 | 10:00am
StockMarketWire.com - Digital security and privacy software business Kape said full-year was expected to be within the top end its guidance range amid ongoing momentum.
For the year ended 31 December 2020, revenue was expected to be about $122.2 million, up 85% and at the upper end of management s forecasted range.
Adjusted earnings before interest, taxes, depreciation and amortisation, or EBITDA, was expected to be ahead of management s expectations at approximately $39.0 million, up 168% from $14.6 million last year up 168%.
Adjusted EBITDA margin was expected to increase significantly to 31.9% from 22.0% in 2019. During the year, Kape completed the seamless integration of Private Internet Access ahead of schedule, delivering a 31% saving in operating expenses and growing privacy segment revenues by 16% (both on a pro-forma basis), the company said.