Intercede Group (AIM:IGP) told investors it has received a formal purchase order worth approximately £1.04 million for professional services, including development work, supporting a large US Federal agency deployment.
The order increases the initial £0.52 million Authority to Proceed the company disclosed in its 8 October trading update, which had been pending the formal purchase order now confirmed.
The identity and credential management software specialist said at the time that delayed US Federal procurement demand had "materially" fed through into the first half of its 2027 financial year, with gross cash reaching approximately £23.4 million at 30 September and no debt.
Intercede confirmed its unaudited interim results for the six months ended 30 September will be released on 24 November.
Read more about Intercede