Intercede to could do with a change of growth identity
There’s a new boss at Intercede (IGP:AIM) with Klaas van der Leest becoming chief executive of the identity management software minnow.
Getting the company to accelerate growth will be a priority given the company’s dismal financial track record in recent years.
Under former combined chairman, CEO and founder Richard Parris (he’s staying on as a non-executive director), Intercede consistently struggled to gain traction for its MyID identity and authentication suite of solutions.
Revenue since 2012 has stumbled up and down within a rough £7m to £11m range, slipping to £8.3m in its last reported full year to 31 March 2017. Analysts expect a little more than £9m for the more recent 12-month period. The company hasn’t posted an operating profit since 2014.