West Code Solutions AB
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West Code Solutions AB - overview
Established
2014
Location
Stockholm, -, Sweden
Primary Industry
IT Security/Cybersecurity
About
Based in Stockholm, Sweden, and founded in 2014, West Code Solutions AB operates as an information technology company that designs and manufactures computer hardware and software for cybersecurity applications. In January 2024, C-Resiliens, a portfolio company of Formica Capital, acquired West Code Solutions AB. West Code is a Swedish cyber security firm that specializes in designing, producing, and administering solutions and services for IT security protection. The company offers isolated systems, secure computers, mobile command centers, data centers, secure network updates, and audit and incident management software.
The firm also offers secure network creation, management, and operation services, as well as security system development consultation.
Current Investors
CR Group AB
Primary Industry
IT Security/Cybersecurity
Sub Industries
Hardware, IT Security/Cybersecurity, Monitoring & Security Software
Website
www.westcode.se
Verticals
Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
West Code Solutions AB - timeline of key events
West Code Solutions AB - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 5,126,847 | 5,573,110 | 5,010,772 | 9,869,451 | 14,126,139 | 22,963,357 | 29,474,170 | - | - | - |
| % Revenue Growth (YoY) | - | 8.7% | (10.1%) | 97.0% | 43.1% | 62.6% | 28.4% | - | - | - |
| EBITDA (USD) | 1,130,593 | 11,085 | 33,757 | 1,833,474 | 135,422 | 2,121,412 | 2,135,334 | - | - | - |
| Operating Income (USD) | 1,130,593 | 11,085 | 33,757 | 1,833,474 | 128,422 | 2,093,412 | 1,605,116 | - | - | - |
| Operating Margin | 22.1% | 0.2% | 0.7% | 18.6% | 0.9% | 9.1% | 5.4% | - | - | - |
| % EBITDA Margin | 22.1% | 0.2% | 0.7% | 18.6% | 1.0% | 9.2% | 7.2% | - | - | - |
| NET Income (USD) | 657,249 | 5,030 | 22,979 | 1,063,068 | 87,820 | 1,209,120 | 1,480,401 | - | - | - |
| % Net Margin | 12.8% | 0.1% | 0.5% | 10.8% | 0.6% | 5.3% | 5.0% | - | - | - |
West Code Solutions AB - employee data
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