Kape Technologies PLC AGM Statement (0592P)
June 16 2022 - 1:00AM
UK Regulatory
TIDMKAPE
RNS Number : 0592P
Kape Technologies PLC
16 June 2022
16 June 2022
Kape Technologies plc
("Kape," or the "Company")
AGM Statement
Kape Technologies plc (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.
At the meeting, Don Elgie, Chairman of Kape, will make the
following statement:
"I am pleased to report that Kape has traded strongly in 2022,
delivering a record Q1 performance fuelled by robust organic growth
. We remain well-positioned to deliver on our guidance of revenues
of between $610-624 million and Proforma Adjusted EBITDA of between
$166-172 million (a c. 116.7% expected increase) for the full year
2022.
The integration of ExpressVPN, acquired in December 2021, is
well underway, and, alongside bolstering our go-to market and
R&D capabilities, we have already begun to realise significant
operational benefits to date, including cost-savings on back-office
consolidation and leveraging economies of scale as well as ongoing
synergies in the infrastructure and marketing.
Following a transformational 2021, we have continued our
positive momentum with the launch of several highly innovative new
products, a key strategic priority. The ongoing expansion of our
product ecosystem is now generating additional cross-sell
opportunities.
Our digital security division has experienced accelerated growth
as we strengthen our positioning in the consumer security space.
Our digital content division has continued to deliver growth in its
independent content activities, including growth into additional
content segments.
Kape is a leader in the consumer security and privacy space,
servicing c.7 million paying subscribers worldwide and growing. We
expect our strong customer growth to accelerate further as the
privacy and security markets become more mainstream, with consumers
increasingly viewing our products as critical components for their
daily digital lives.
Looking ahead, we are also focused on further leveraging our
significant M&A experience and extended product pipeline to
accelerate our market, product, and SaaS customer reach.
Kape is now in prime position to lead the market given our
current growth trajectory, and we look forward to expanding our
footprint through organic growth and strategic acquisitions, as we
have done consistently over recent years."
Enquiries:
Kape Technologies plc via Vigo Consulting
Ido Erlichman, Chief Executive Officer
Oded Baskind, Chief Financial Officer
Shore Capital (Nominated Adviser & Broker)
Toby Gibbs / Mark Percy / 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 / Kendall Hill +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 focusses on protecting consumers and their personal
data as they go about their daily digital lives.
Kape has c.7 million paying subscribers, supported by a team of
over 900 people across ten locations worldwide. Kape has a proven
track record of revenue and EBITDA growth, underpinned by a strong
business model which leverages our digital marketing expertise.
Through its subscription-based platform, Kape has fast
established a highly scalable SaaS-based operating model, geared
towards capitalising on the vast global consumer digital privacy
market.
www.kape.com
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END
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