20 November 2024
Silver Bullet Data Services
Group plc
("Silverbullet", the "Company" or, together with its
subsidiaries, the "Group")
New contract wins and
positive trading EBITDA
Silverbullet, a provider of AI
driven digital transformation services and products, is pleased to
announce a trading update with new contract wins and renewals
worth, in aggregate, £1.5 million.
Key
Updates
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In-line with expectations, the Group
began Q4 with positive trading EBITDA, which has been further
strengthened by new brand partnerships.
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Combined new bookings in September
and October 2024, running through to Q1 2025, of approximately £1.5
million.
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October was the best performing
month on record for the Group and included a significant proportion
of new bookings relating to 4D AI higher-margin data revenues with
global blue chip clients including BMW and VISA.
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·
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As at 31 October 2024, committed
revenues for FY2024 stood at approximately £9.3 million
(unaudited), more than £1 million ahead of last year's total annual
revenue (2023: £8.3 million).
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Ian
James, CEO of Silverbullet, said:
"I
am delighted with our recent achievements and the strong momentum
across the business. Securing £1.5 million in new contract wins
reflects the value we are creating for clients and our team's
dedication. October was our best performing month on record,
enhanced by new higher margin repeatable revenue streams. In
addition, we recently announced the completion of a new working
capital facility which eliminates the need for any additional
funding to cover operational working capital, providing a strong
foundation for continued expansion."
For
further information please contact:
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Silverbullet
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via IFC
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Ian James (CEO) / Chris Ellis
(CFO)
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Strand Hanson Limited - Financial and Nominated
Adviser
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0207 409 3494
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James Spinney / James Bellman /
Robert Collins
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Zeus Capital Limited - Joint Broker
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0203 829 5000
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Simon Johnson / Jake
Walker
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CMC
Markets - Joint Broker
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0203 003 8632
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Douglas Crippen
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IFC
Advisory
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020 3934 6630
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Graham Herring / Tim Metcalfe /
Florence Chandler
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07793 839 024
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About
Silverbullet
Silverbullet's proprietary 4D AI advertising solution
is designed to help advertisers target consumers in a
"privacy-first world". The product is a natural extension to its
existing services business which already serves a blue-chip client
base such as a leading UK hospitality brand and a
Global Brewing company, amongst many others.
Headquartered in London, the Group employs 85+
data specialists 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 solutions
business with significant accumulated industry experience and a
proven track record of delivering strategic digital transformation
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.