CYBER1 Publishes Annual Report for 2021
Stockholm, Sweden – 4th May, 2022 – Cyber Security 1 AB (publ) (“The Company”) (“CYBER1”) (Nasdaq First North: CYB1), an international leader in cyber security, has published the annual report for the financial year 2021, with total revenue of €37.21 million for the period (2020 annual revenue: €27.36 million).
Commenting on the annual report, Group President and Executive Director Robert Brown, stated: “Following the close of 2021, it gives me great pleasure to announce the results for the previous financial year, where several important milestones have been achieved. Following the business transformation of CYBER1 over the back end of 2020 and start of 2021, the company has continued its strong momentum by recording four profitable quarters.
“Furthermore, selective and strategic investments in our operations moving forward will continue to be built behind a sound and reasoned approach. We strongly believe we have the infrastructure now in place, to look at how we can expand our scope and expertise for the benefit of our clients.”
“Now with plans for 2022 being already implemented, we will continue to harness the strong work that has been achieved and with our Executive and Board and Directors pulling together, I am hugely excited to what can be achieved during 2022.”
“The cyber security industry constantly faces exciting challenges in providing resilient solutions against the latest threats. CYBER1 has the capability to be an influential player in several growing markets, where we can work with our leading partners to provide the most robust solutions available.”
The annual report, is available on the Company’s website, www.cyber1.com/investors under the section for financial reporting.
Further to the annual report, the Board of Directors has also issued a separate corporate governance report for 2021, which can be found under https://cyber1.com/corporate-governance/.
The CYBER1 Group finds corporate governance a stabilizing force facilitating the commercial objectives to bloom. Sound corporate governance enhances transparency creating trust and reliability, which are core values of CYBER1. We further believe that solid corporate governance unites all stakeholders providing synergies to achieve and exceed the set goals. Because of this, we are committed to continuously developing and improving internal processes.