Darktrace, Deepverge, Barratt Developments: Morning Roundup

Wednesday’s Morning Roundup sees Darktrace report its trading update, Deepverge responds to market speculation, and Barratt Developments slide 7.85%. Find out more below.


  • Darktrace reported its trading update for its first quarter ended 30th September.
  • The company grew its customer base by 320 net new customers to 7,757, a 29.1% year-over-year increase.
  • Furthermore, the cyber security firm posted an Annual Recurring Revenue of $26.6 million, up 13.4%.
  • Darktrace is maintaining its expectation of FY23 year-over-year revenue growth of between 30% and 33%.


  • Deepverge has responded to market speculation regarding loan repayments and a potential equity fundraising.
  • The company announced it had secured a mezzanine loan facility of up to £25 million.
  • The group recently began the process of seeking to raise equity, however, there can be no guarantees that sufficient equity funds can be raised.
  • Deepverge shares plummeted 42% on Wednesday.

Barratt Developments

  • Barratt Developments issued its trading update for the period from 1 July to 9 October.
  • In the period, net private reservations per average week were 188, down from 281 in the prior year, reflecting customer response to wider economic uncertainty.
  • Forward sales totalled 13,314 homes, and the firm is now 64% forward sold.
  • The company believes they remain on track to deliver adjusted profit before tax in line with the current consensus.
  • Barratt Developments are down 7.85% on Wednesday.

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