Silver Bullet Data Services Grp PLC Trading Update and Directorate Change (3667S)
March 09 2023 - 2:00AM
UK Regulatory
TIDMSBDS
RNS Number : 3667S
Silver Bullet Data Services Grp PLC
09 March 2023
9 March 2022
Silver Bullet Data Services Group plc
("Silverbullet" or the "Company", or, together with its
subsidiaries, the "Group")
Trading Update and Directorate Change
Silverbullet (AIM: SBDS), a provider of digital transformation
services and products, is pleased to provide a trading update for
the year to 31 December 2022.
Despite the challenging macroeconomic market conditions, the
Company has delivered a strong operational performance, with
unaudited EBITDA in line with expectations and year-on-year revenue
growth of over 50%.
Demand for Silverbullet's services and products has continued.
In Q4 2022, the Group recorded GBP3.4m of bookings, which will flow
into financial year 2023. The Company continues to trade well
whilst managing its business model and cost base in line with the
evolving client and macro environment.
The Company also announces that Keith Sadler, Non-Executive
Director, has resigned with immediate effect, in order to focus on
his other business interests. The Board would like to thank Keith
for his contributions and wish him well in his future
endeavours.
The Company expects to announce its results for the year ended
31 December 2022 on or around 30 May 2023.
For further information please contact:
Silverbullet via IFC
Ian James (CEO)
Strand Hanson Limited - Financial 0207 409
and Nominated Adviser 3494
James Spinney / James Bellman / Robert
Collins
0203 179
Oberon Capital - Broker 5344
Mike Seabrook / Chris Crawford
020 3934
IFC Advisory 6630
Graham Herring / Tim Metcalfe / Florence 07793 839
Chandler 024
About Silverbullet
Silverbullet's proprietary 4D advertising solution is designed
to help advertisers target consumers in a "post cookie world". The
product is a natural extension to its existing services business
which already serves a blue-chip client base such as Heineken,
Channel 4, Amazon and ITV amongst many others. The removal of
third-party cookies has already been implemented by web browsers
such as Firefox and Safari, with Google expected to phase out the
use of cookies in 2023.
Headquartered in London, the Group employs employees across five
regions across the globe, including, the UK, Italy, Australia, USA
and Latin America. The Group continues to look at other
opportunities for expansion worldwide.
The Company has an established and growing services business
with significant accumulated industry experience and a proven track
record of delivering strategic projects and activation services to
its clients. The majority of the Board have held senior positions
at global software companies and have significant industry
experience across data engineering, SAAS product development and
marketing.
The Group has close technical and commercial partnerships with
multiple global technology providers, all of which have existing
sales channels and are already delivering to clients.
The Group has established a strategic partnership and an entity
with Local Planet, a scaled network of over 60 agencies across the
globe. Local Planet Data Services Limited was established in
December 2020 and presents a significant opportunity to provide
data services and the 4D product to the Local Planet agency
network.
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END
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