Darktrace was founded by Mike Lynch, who is awaiting trial in the US on fraud charges. Photo: Simon Dawson/Bloomberg
It Darktrace, which specializes in artificial intelligence systems that prevent cyberattacks on company computer networks, has updated its earnings forecast.
They said they expect a profitability report of $22 % compared to previous estimates of 19%. when he reports annual results in September. The company said it expects trading in the first half of next fiscal year to be impacted by tough economic conditions, but to improve after that.
Darktrace was one of the few high-profile tech placements in 2021 and is one of the few that whose shares have improved since the company went public.
Gabriel Grego, founder of Quintessential Capital Management, said after the announcement that a short seller still has questions about Darktrace's accounting.
Mr Grego said that Darktrace did not disclose details of the EY review and that the company's claims that the review did not affect its account “seem to be the sole judgment of Darktrace and its board and not advice from EY '.
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