It also reported operating revenue of RON5.2 million for Jan-March 2022, down 20% on the year, and a turnover of RON3.4 million, down 23% compared to the first quarter of 2021.
During the same period, sales of cybersecurity services, which represent the company’s core business, surged 61%.
Between January and March 2022, cybersecurity services contributed 74% to the company’s total turnover of RON2.5 million, compared to 36% in the first quarter of 2021. The implementation of cybersecurity solutions contributed 26% (RON0.9 million) compared to 63% in the first quarter of 2021.
Since the beginning of 2022, Safetech Innovations had added six new customers to its portfolio, both from Romania and from abroad.
Safetech Innovations has been listed on the AeRO market of the Bucharest Stock Exchange since January 29, 2021. The company has a stock market capitalization of over RON200 million.