Cornerstone FS revenue surges 89% in H1 2022

<img width="250" height="151" src="https://www.leaprate.com/wp-content/uploads/2022/04/Cornerstone-revenue-250×151.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Cornerstone revenue" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2022/04/Cornerstone-revenue-250×151.jpg 250w, https://www.leaprate.com/wp-content/uploads/2022/04/Cornerstone-revenue-700×422.jpg 700w, https://www.leaprate.com/wp-content/uploads/2022/04/Cornerstone-revenue-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2022/04/Cornerstone-revenue-120×72.jpg 120w, https://www.leaprate.com/wp-content/uploads/2022/04/Cornerstone-revenue-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2022/04/Cornerstone-revenue-500×301.jpg 500w, https://www.leaprate.com/wp-content/uploads/2022/04/Cornerstone-revenue.jpg 880w" sizes="(max-width: 250px) 100vw, 250px" /><p>Significantly, the revenue stemming from direct client services experienced a growth of around 121%, accounting for 87% of the total revenue. This figure marks a substantial increase compared to the previous year’s first half, where it constituted 74% of the overall revenue.</p>
<p><a href="https://www.leaprate.com/forex/executives/james-hickman-joins-cornerstone-fs-as-ceo/" target="_blank" rel="noopener">James Hickman</a>, CEO of Cornerstone, said:</p>
<div><img aria-describedby="caption-attachment-446303" decoding="async" class=" wp-image-446303" src="https://www.leaprate.com/wp-content/uploads/2022/08/James-Hickman-e1660547745402.jpeg" alt="James Hickman, Cornerstone FS" width="115" height="115" srcset="https://www.leaprate.com/wp-content/uploads/2022/08/James-Hickman-e1660547745402.jpeg 500w, https://www.leaprate.com/wp-content/uploads/2022/08/James-Hickman-e1660547745402-250×250.jpeg 250w, https://www.leaprate.com/wp-content/uploads/2022/08/James-Hickman-e1660547745402-150×150.jpeg 150w, https://www.leaprate.com/wp-content/uploads/2022/08/James-Hickman-e1660547745402-120×120.jpeg 120w, https://www.leaprate.com/wp-content/uploads/2022/08/James-Hickman-e1660547745402-245×245.jpeg 245w" sizes="(max-width: 115px) 100vw, 115px" /><p>James Hickman</p></div>
<blockquote><p>This has been an excellent six months for Cornerstone with substantial revenue growth, and I’m delighted that we have achieved our first half-year period of being adjusted EBITDA positive. This has been driven by our enhanced sales efforts as we realise the benefits of the actions that we took at the end of last year to strengthen our team. As a result, we remain on track to deliver significant growth for the full year and look to the future with confidence.</p></blockquote>
<p>According to the company’s latest trading update, Cornerstone anticipates sustaining this growth momentum in the latter half of the year and expect substantial revenue expansion throughout 2023. Further insights into the company’s financial status will be disclosed in the interim report, scheduled for publication on 12 September 2023.</p>
<p>The company achieved a revenue surge in 2022, with an increase of 110%, <a href="https://www.leaprate.com/forex/institutional/cornerstone-fs-sees-110-revenue-increase-in-2022/" target="_blank" rel="noopener">reaching £4.8 million </a>compared to £2.3 million in the previous year.</p>
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