REG - Silver Bullet Data - New contract wins and positive trading EBITDA

Silver Bullet Data ServicesAnnouncement

20/11/2024 07:00

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RNS Number : 8510M  Silver Bullet Data Services Grp PLC  20 November 2024

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

 

 ·         In-line with expectations, the Group began Q4 with positive trading EBITDA,
           which has been further strengthened by new brand partnerships.

 ·         Combined new bookings in September and October 2024, running through to Q1
           2025, of approximately £1.5 million.

 ·         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.

 ·         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).

 

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:

 Silverbullet                                               via IFC
 Ian James (CEO) / Chris Ellis (CFO)

 Strand Hanson Limited - Financial and Nominated Adviser    0207 409 3494
 James Spinney / James Bellman / Robert Collins

 Zeus Capital Limited - Joint Broker                        0203 829 5000
 Simon Johnson / Jake Walker
 CMC Markets - Joint Broker                                 0203 003 8632
 Douglas Crippen

 IFC Advisory                                               020 3934 6630
 Graham Herring / Tim Metcalfe / Florence Chandler          07793 839 024

 

 

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.

 

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