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Darktrace adjustments undermine investor confidence

The cyber security provider has recently come under pressure from short sellers, but its top-line growth is still impressive
March 8, 2023
  • Share-based payments hit profits
  • Management promises to improve cash generation in the medium term

Earlier this year, short seller Quintessential Capital Management accused Darktrace (DARK) of beefing up its revenue by selling products to resellers even when they didn’t have customers lined up.

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