Corero Network Security has announced its unaudited results for the first half of 2023, reporting a strong performance driven by ongoing annualized recurring revenues (ARR) and new business momentum. The company saw a 19% increase in order intake to $13.0 million and a 19% increase in group revenue to $10.5 million compared to the same period last year. The ARR also increased by 13% to $15.3 million. However, the company reported an EBITDA loss of $0.2 million, compared to an EBITDA profit of $0.9 million in H1 2022. The adjusted EBITDA profit was $0.2 million. The company had a net cash position of $6.2 million at the end of June 2023. Corero also made a $1.2 million early repayment of its bank term loan facility, leaving no outstanding debt. The company's operational highlights include a new strategic partnership with Akamai Technologies and significant customer growth driven by its Ideal Customer Profile focus. The company also experienced strong momentum in Q2, securing $6.0 million of significant customer contracts. Corero's subscription-based products and DDoS Protection-as-a-service offering contributed to revenue and earnings predictability. The company has a robust new business pipeline and expects demand for DDoS mitigation to remain strong. The board remains confident in the company's near-term growth prospects and expects to trade in line with market expectations.