Osirium Technologies (OSI), describing itself as “a leading vendor of cloud-based cybersecurity software, is pleased to announce that it has conditionally raised £1 million before expenses”... Sounds ok for it, especially as I previously concluded in November that, with forecast losses and the balance sheet position, avoid / sell. What’s the detail though?…
Previously writing on cybersecurity software company Osirium Technologies (OSI), in September with the shares down to 21.5p I concluded that the noted financials suggested it still needs to produce further customer growth and bookings materially and swiftly net cash generatively and I remained sceptical of that. So what of a trading update today, with the shares currently further down below 17p?...
Osirium Technologies (OSI) has announced results for the first half of 2021, emphasising “good progress against our stated strategy… we are encouraged by the continued trading momentum as we enter the second half”. The shares have responded currently to 21.5p, 14% lower and a £6.3 million market cap, so what’s going on?...
Self-styled “a leading vendor of cybersecurity software” Osirium Technologies (OSI) “is pleased to report nine new NHS trust customers since the beginning of February”. Is a current 6.5% share price rise to 24.5p on the back of the announcement justified?...
Previously writing on Osirium Technologies (OSI), in September with the shares at 45.5p I concluded a convenient time for a ramptastic “Substantial contract win” announcement then, but it still looks unpleasant dilution ahoy from a current £6.2 million market cap. Natch, still currently avoid / sell. Today results are headlined “Substantial progress against growth strategy” – and the shares are currently at 25p… a further more than 9% lower even today...
Osirium Technologies (OSI) is “delighted” with “a significant contract win with a major UK provider of software and IT services to the public sector. The contract represents a substantial expansion by this customer”. The shares are though currently back at 45.5p. Hmmm…
Osirium Technologies (OSI) “is pleased to announce the first customer for its new innovative privileged robotic process automation solution, Opus, which was launched in May of this year” and that Opus “is generating interest across DevOps, NetOps and outside IT in business teams”. The shares though are unchanged at 59.5p. Hmmm…
Hello, Share Skimmers. Maybe the word Osirium means something to you, but I own up to ignorance of the subject. And I do wish directors would not choose obscure names which are hard to remember. That said Osirium Technologies (OSI) looks a firm worth keeping tabs on.
