In its financial year ended 31 October, 2021 GreyList Trace Limited recorded sales in excess of £1 million and moved into profit. The company expenses all equipment and software purchases.
We are pleased to report that despite substantial investment in developing new databases, particularly the GreyList Red database, and working to reposition ourselves as a data analytics business, sales revenue for the first half of the 2021/2022 financial year is running ahead of the comparable period in the previous year and the company remains profitable.
We anticipate an increase in costs in the second half of the year as we develop technology that will allow Government agencies to access our product offerings with total security. We also expect marketing costs to rise as we re-enter the “conference” circuit and engage consultancy and lobbying resources to help us access Government work.