Brief: Bidstack Group Says FY Unaudited Revenue Up 103% To About £5.3 Mln

Bidstack

13/02/2023 07:14

Feb 13 (Reuters) - Bidstack Group PLC  BIDS.L :
    * BIDSTACK GROUP PLC  - TRADING AND OPERATIONAL UPDATE
    * BIDSTACK GROUP PLC - UNAUDITED REVENUE FOR FY22 UP +103%
TO
C.£5.3M
    * BIDSTACK GROUP PLC - DOES NOT EXPECT TO RECOGNISE ANY
AMOUNTS
ULTIMATELY PAID BY AZERION IN RESPECT OF ITS FY23 AND FY24
OBLIGATIONS AS REVENUE
    * BIDSTACK GROUP PLC - UNAUDITED GROSS MARGIN FOR FY22 AT
C.70%
    * BIDSTACK GROUP PLC - UNAUDITED CASH BALANCE AT 31 DECEMBER
2022
UP 21% AT £8.7M
    * BIDSTACK GROUP PLC - £1.2M OF REVENUE HAS ALREADY BOOKED
FOR Q1
2023
    * BIDSTACK GROUP PLC - FOR FY23, COMPANY HAD BEEN EXPECTING
ITS
REVENUE TO GROW FROM ITS US SALES TEAM
    * BIDSTACK GROUP PLC - CURRENTLY EXPECTS THIS FY23 REVENUE
TO
INCREASE MORE THAN PREVIOUSLY EXPECTED

Source text for Eikon:  ID:nRSM6964Pa 
Further company coverage:  BIDS.L 
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