Trading Update

Greylist Trace Limited completed its financial year on 31 October 2021. This was the second full year of trading by the company.

We are pleased to report that total sales for the year more than doubled and that the company recorded its first annual profit.

This has been achieved despite the challenges presented by Covid-19 and after significant investment in marketing and technical resources. The company is cash flow‐positive and expenses all equipment and software purchases.

The company anticipates increasing revenues and profits during its 2021‐2022 financial year as it transitions from being purely an asset tracing company into a provider of risk screening tools for enterprise risk management.

The company is already investing heavily in bringing a third major product: GreyList Red to market in the Spring of 2022.