Corero Network Security plc provided unaudited earnings guidance for the year ended December 31, 2021. For the year, subject to year-end close and external audit finalisation,  the Board anticipates revenue to be broadly in line with market expectations and EBITDA to be significantly ahead of market expectations and positive. The increase in EBITDA is a result of a better than expected gross margins coupled with lower operating expenses.

The scale of the profitability is linked to the remaining sales opportunities to be closed before the end of the year.