Kape Technologies PLC AGM Statement (2060Z)
May 20 2021 - 2:00AM
UK Regulatory
TIDMKAPE
RNS Number : 2060Z
Kape Technologies PLC
20 May 2021
20 May 2021
Kape Technologies plc
("Kape," the "Group" or the "Company")
AGM Statement
Kape (AIM: KAPE), the digital security and privacy software
business, provides an update ahead of its Annual General Meeting
("AGM") at 12.00 p.m. today. As noted in the Company's Notice of
AGM announcement, shareholders must not attend the meeting in
person.
At the meeting, Ido Erlichman, Chief Executive Officer of Kape,
will make the following statement:
"I am pleased to report that Kape has made a strong start to
2021, buoyed by sustained demand for our digital privacy products
globally, as well as the acquisition of Webselenese, which we
completed in March 2021. We are on-track to deliver on our guidance
of revenues of between $197-202 million (a c. 65% expected
increase) and Adjusted EBITDA of between $73-76 million (a c. 90%
expected increase) for the full year 2021 on a reported basis as
announced at the time of the Webselenese acquisition.
Kape now supports c. 2.61 million paying subscribers globally.
Since the beginning of the year, we have been adding c. 25,000 new
customers a month, on a net basis, in our digital privacy division,
and we expect this to accelerate.
Webselenese is proving to be an excellent addition to the Kape
family. We have launched multiple cross-company initiatives which
are enabling the Group to benefit from Webselenese's substantial
technology knowhow in the space and are already enhancing our
product development roadmap and go-to-market capabilities.
In May 2021, we launched our Privacy First Anti-Virus for PC,
which will initially be Intego branded, and in the coming months
will be rolled-out to both CyberGhost and Private Internet Access
users as part of a wider Company initiative.
From the beginning of the year over 12% of new CyberGhost
customers and over 20% of new Intego users, are now purchasing more
than one product, resulting in an increase in our Average Order
Value (AOV). The Company continues to invest in both R&D and
new product development, which remains a key growth driver for our
business.
We believe we are well positioned to become the one-stop-shop of
choice for our customers' digital privacy and security needs
through our product suite and go to market capabilities."
Enquiries:
Kape Technologies plc via Vigo Consulting
Ido Erlichman, Chief Executive Officer
Moran Laufer, Chief Financial Officer
Shore Capital (Nominated Adviser & Broker)
Mark Percy / Toby Gibbs / James Thomas / Michael +44 (0)20 7408
McGloin 4090
Stifel Nicolaus Europe Limited (Joint Broker)
Alex Price / Brad Topchik / Alain Dobkin / +44 (0)20 7710
Richard Short 7600
Vigo Consulting (Financial Public Relations)
Jeremy Garcia / Antonia Pollock +44 (0)20 7390
kape@vigoconsulting.com 0237
About Kape
Kape is a leading 'privacy-first' digital security software
provider to consumers. Through its range of privacy and security
products, Kape focuses on protecting consumers and their personal
data as they go about their daily digital lives.
To date, Kape has over 2.6 million paying subscribers, supported
by a team of over 420 people across eight locations worldwide.
Through its subscription-based platform, Kape has fast
established a highly scalable SaaS-based operating model, geared
towards serving the vast global consumer digital privacy
market.
www.kape.com
Twitter LinkedIn
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
AGMALMRTMTBBBMB
(END) Dow Jones Newswires
May 20, 2021 02:00 ET (06:00 GMT)
Kape Technologies (LSE:KAPE)
Historical Stock Chart
From Jul 2024 to Aug 2024
Kape Technologies (LSE:KAPE)
Historical Stock Chart
From Aug 2023 to Aug 2024