Osirium Technologies (OSI) is “pleased to announce… agreement on the terms and conditions” of an offer from identity security business SailPoint Technologies which it emphasises “represents a premium of approximately 95.83 per cent. to the closing price… on 29 August 2023”. Good news for shareholders then?
Describing itself as “a leading vendor of cloud-based cybersecurity and IT automation software”, Osirium Technologies (OSI) commences a trading update with that it “is pleased to report that Osirium's annual recurring revenue has increased by 34% over the 12 months to 30 June 2023 to £2.16 million (30 June 2022 ARR: £1.61 million) and by 20% since the start of the year”. Hmmm – “a leading vendor of cloud-based cybersecurity and IT automation software”? And, with also revenue being vanity, how ‘pleasing’ really is it?
Describing itself as “a leading vendor of cloud-based cybersecurity and IT automation software”, Osirium Technologies (OSI) “is pleased to confirm its attendance at InfoSec Europe 2023, and confirms the receipt of its R&D tax credit claim for the financial year 2022”… and the shares have currently responded approaching 19% higher to 1.9p?
Describing itself as “a leading vendor of cloud-based cybersecurity software”, Osirium Technologies (OSI) has issued an update commencing that it “is pleased to announce continued positive trading through Q1 2023” and concluding noting “ongoing demand we are seeing for our offering, underpinned by a substantial market opportunity”. So what of a share price currently slightly down to 1.45p in response?
Previously writing on Osirium Technologies (OSI), early this month I noted on its remuneration committee that do Simon Hember and Simon Lee consider that a misleading results statement and massive shareholder value destruction should be newly rewarded? as the company announced “Proposed Changes to Option Scheme”. Now an “Update re proposed grant of options”.
Previously writing on Osirium Technologies (OSI), last month I noted body of 2022 results statement misleads; omitting “and raise additional capital” included in Going concern notes!. Today, with the shares at 1.6p and a £2 million market cap, a “Notice of AGM & Proposed Changes to Option Scheme” announcement. Does Osirium’s remuneration committee of Simon Hember and Simon Lee consider that a misleading results statement and massive shareholder value destruction should be newly rewarded then?
Previously writing on company describing itself as “a leading vendor of cloud-based cybersecurity and IT automation software” Osirium Technologies (OSI), in January with the shares at 3.8p I concluded that it was still cash burn and thus only a bailout fundraise for now. The shares last closed at 2.6p and are currently further lower on the back of full-year results... which have a main body of the statement omission disgrace.
Describing itself as “a leading vendor of cloud-based cybersecurity software”, Osirium Technologies (OSI) “is pleased to announce… bookings and revenue for the 12 months to 31 December 2022… in line with recently upgraded market expectations”and that it “approach 2023 with confidence in the group's growth prospects”, so what of a current 3.8p share price?
Osirium Technologies (OSI) states that it “is pleased to announce that it has conditionally raised £1.53 million before expenses… at a price of 2 pence per share”. And the prior closing share price?...4p! You can’t say you weren’t warned HERE (at 5.75p per share), HERE (at 5.25p per share), HERE (at 6p per share), HERE (at 6.5p per share), HERE (at 6.25p per share) and HERE (at 6.25p per share)! So what now with the shares currently down to 2.55p, a current (pre-placing) £1.2 million market cap!?
Previously writing on cybersecurity and IT automation software company Osirium Technologies (OSI) I concluded to still avoid / sell. Today it has issued a “Q3 2022 trading update” and the shares have currently more than doubled on the day to 5.75p, so a mea culpa from me or not?
Writing on argued contract positives from cybersecurity and IT automation software company Osirium Technologies (OSI) recently, I’ve cautioned with a previously-admitted upcoming cash crunch. So what of argued “strong performance” half-year results?
Describing itself as “a leading vendor of cloud-based cybersecurity and IT automation software”, Osirium Technologies (OSI) has announced a “Significant contract extension” and that it “continue to focus on increasing contract values, product take-up and device numbers with our existing customers alongside new customer acquisition”. So what of a current more than 4% higher share price to 6p?
Describing itself as “a leading vendor of cloud-based cybersecurity and IT automation software”, Osirium Technologies (OSI) emphasises a “Significant contract extension”. So what of the shares currently responding more than 13% higher to 6.5p?
Osirium Technologies (OSI) “is pleased to announce a new contract… represents 8.9% of the total bookings achieved by the group in 2021 and reflects the continuing trend of increasing average contract values from the new clients closed in 2022”. With the company describing itself as “a leading vendor of cloud-based cybersecurity and IT automation software”, what of a current 8.7% higher share price response to 6.25p?
Describing itself as “a leading vendor of cloud-based cybersecurity and IT automation software”, Osirium Technologies (OSI) has issued a trading update including that it “expects to report the group's best six-month figures for bookings and revenue” and emphasising “a good pipeline of opportunity ahead, an enhanced base of deferred revenue and an ongoing trend towards privileged security procurement… an opportunity to scale the business significantly”. So what of a current share price response up to 6.25p, a £2.9 million market cap?
Previously writing on cybersecurity and IT automation software company Osirium Technologies (OSI), earlier this month I noted a “delighted” with performance trading update was ramptastic. Now a results announcement… and the shares currently more than 16.5% lower to 12.5p in response…
Cybersecurity and IT automation software company Osirium Technologies (OSI) has announced “a record quarter for bookings in Q1”, including “a return to pre-pandemic contract values”. Though what of a current approaching 70% share price rise in response to more than 10p?...
Cybersecurity and IT automation company Osirium Technologies (OSI) has announced “Contract win for Privileged Process Automation”, emphasising this is its “largest PPA deal to date”. What though of a share price rise of more than 14% to 9p, a £4.1 million market cap, in response?...
After a recent equity raise, cybersecurity company Osirium Technologies (OSI) now “is pleased to announce continued new business wins”. So what of a current share price rise to 5.5p?...
