REG - Silver Bullet Data - Trading Update and Directorate Change

Silver Bullet Data ServicesAnnouncement

09/03/2023 07:00

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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 £3.4m 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 and Nominated Adviser    0207 409 3494
 James Spinney / James Bellman / Robert Collins

 Oberon Capital - Broker                                    0203 179 5344
 Mike Seabrook / Chris Crawford

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

 

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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