NRD Cyber Security offers cybersecurity solutions, consulting, and other services

Results for 2023

Project geography

FOCUS

Cybersecurity operations build-out, incident detection and handling, establishment and support of Computer Security Incident Response Teams (CSIRTs) and Security Operation Centres (SOCs), and cyber capacity enhancement for organisations, sectors, and nations.

CUSTOMERS

Governments, public, and private sector organisations.

We are based in Lithuania

Services and products

24/7 managed SOC

IT security audits

ISO 27001 standard implementation

CISO advisory

Technology solutions

CSIRT/SOC services

Natrix is a centralised cybersecurity monitoring and threat hunting platform

CyberSet is a CSIRT or SOC services automation toolkit

NRD Cyber Security financial results

Key items in the income statement and balance sheet
Key financial data (revenue, EBITDA)
Revenue by country
Revenue by sector and operational coverage

Main items of the income statement (thous. Eur)*

	2022 m.	2023 m.
Revenue	6 079	7 411
Gross profit	2 979	3 994
EBITDA	653	1 138
EBIT	564	999
Net profit	526	821

Main balance sheet items (thous. Eur)*

	2022 m.	2023 m.
Tangible assets	401	350
Intangible assets	23	19
Other non-current assets	199	49
Current assets	3 226	5 748
Of which cash	1 332	3 640
Total assets	3 849	6 166
Equity	1 509	1 824
Non-current liabilities	606	924
Of which financial debt	196	149
Current liabilities	1 734	3 418
Of which financial debt	54	60
Total liabilities and equity	3 849	6 166

*The unaudited consolidated results of the NRD Cyber Security group are presented. The results of NRD CS and NRD Bangladesh are included in the results of the NRD Cyber Security group. Standalone financial statements of companies for 2023 and 2022 are audited.

Key financial data

EBITDA (thous. Eur)

Revenue by country

	2022	m.

Thous. Eur	2022	2023	Change
Lithuania	4 749	5 038	289
Other countries	1 330	2 373	1 043
Total	6 079	7 411	1 332

Revenue by sector and operational coverage

Compared to the previous year, the share of NRD Cyber Security Group's revenues coming from the private and public sector increased in 2023, while the share of revenues coming from the public sector decreased slightly and the share of revenues coming from the financial sector remained unchanged.

In 2023, NRD Cyber Security expanded its project portfolio geography with Armenia, Uzbekistan, USA, Sao Tome and Principe, Luxembourg, Saudi Arabia, Mongolia, Tajikistan and Romania.

^* The number of countries is calculated by origin of the project, not by country of the client. As of 2022, NRD Cyber Security consists of NRD CS Ltd and NRD Bangladesh Ltd.