Published on: March 24, 2022

Delivery, transformation and opportunity

Kape announced strong results for the year to 31 December 2021, having already updated the market on the better-than-anticipated FY21 performance in January. Revenue of $230.7m was in line with the revised guidance, up 89% on FY20, and Adjusted EBITDA of $86.0m was significantly ahead of the revised guidance of £77.0m, up over 100%. With one significant (Webselenese) and one game-changing (ExpressVPN) acquisition in 2021, it is also important to recognise the strong operational performance that management has continued to deliver. In FY22E, Kape looks well set to build further on its global position in digital security and privacy, against a backdrop of growing interest and demand.