Silver Bullet Data Services Group (SBDS)

Sector:

IT Services

Index:

FTSE AIM All-Share

85.00p
   
  • Change Today:
    -15.00p
  • 52 Week High: 190.00
  • 52 Week Low: 21.50
  • Currency: UK Pounds
  • Shares Issued: 17.48m
  • Volume: 58,711
  • Market Cap: £14.85m
  • Beta: 0.01

Silverbullet reports solid first quarter revenue growth

By Josh White

Date: Tuesday 18 Apr 2023

LONDON (ShareCast) - (Sharecast News) - Data service provider Silverbullet reported over 100% year-on-year first-quarter revenue growth in an update on Tuesday, with a record £2m of revenue booked.
The AIM-traded firm said that was achieved with a cost base that was broadly in line with the comparable prior-year period, which it put down to its cost management measures.

It highlighted strong growth across key markets, including the UK, US and Australia.

The company's contextual insights and targeting platform, '4D', continued to gain momentum, with significant new revenue generated in the US.

New clients in the region included a "market-leading insurance company", a "global electronics manufacturer" and a US government body.

The company's existing client base also remained strong, with notable global clients such as Heineken, Sony and Mars Incorporated.

In the fourth quarter of 2022 and the first quarter of 2023, Silverbullet signed £5.2m worth of new bookings and contract renewals with blue-chip clients, providing it with significant visibility for expected revenues for the full year.

Silverbullet said its success in the first quarter was driven by both new and existing customers across the three key markets, with more than 30% of group revenue generated in the US market.

"We are delighted by the strong performance of the business in the first quarter, which follows on from a strong fourth quarter in 2022," said chief executive officer Ian James.

"Growth in revenue in 4D is particularly pleasing, as we continue to see heightened demand for this product."

James said further booked revenues, and the ongoing benefit of the cost management programme implemented last year, provided the board with increased visibility and confidence in its business strategy.

"We look forward to updating the market on further developments in due course."

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

SBDS Market Data

Currency UK Pounds
Share Price 85.00p
Change Today -15.00p
% Change -15.00 %
52 Week High 190.00
52 Week Low 21.50
Volume 58,711
Shares Issued 17.48m
Market Cap £14.85m
Beta 0.01

SBDS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
19.89% below the market average19.89% below the market average19.89% below the market average19.89% below the market average19.89% below the market average
41.46% above the sector average41.46% above the sector average41.46% above the sector average41.46% above the sector average41.46% above the sector average
Price Trend
1.04% above the market average1.04% above the market average1.04% above the market average1.04% above the market average1.04% above the market average
1.1% below the sector average1.1% below the sector average1.1% below the sector average1.1% below the sector average1.1% below the sector average
Income Not Available
Growth
34.47% above the market average34.47% above the market average34.47% above the market average34.47% above the market average34.47% above the market average
45.88% above the sector average45.88% above the sector average45.88% above the sector average45.88% above the sector average45.88% above the sector average

SBDS Dividends

No dividends found

Trades for 02-May-2024

Time Volume / Share Price
15:57 19,000 @ 85.50p
16:50 2,500 @ 90.00p
15:18 8,000 @ 86.50p
16:08 2,996 @ 88.50p
16:06 107 @ 81.88p

Top of Page