Seeen turns 'an important corner', FY losses narrow
By Iain Gilbert
Date: Tuesday 18 Feb 2025
(Sharecast News) - Media and technology platform operator Seeen said on Tuesday that it has turned "an important corner" and now expects to have "a strong 2025 and beyond".
Seeen said it had "crossed over into operating cash flow breakeven on a monthly basis" in December 2024, and accelerated its revenue run rate to $5.0m.
The AIM-listed group highlighted that this growth and the yield on such growth was driven by both technology sales and a return to scalable growth in its Creator Service Partner business.
Seeen said total group revenues were pegged to be 50% higher year-on-year at $3.2m, with CSP revenues 47% firmer at $2.8m and Technology revenue growing 85% to $400,000. Adjusted underlying losses were also expected to have reduced by approximately 33% to $400,000.
Chief executive Adrian Hargrave said: "We are pleased with our progress across several dimensions: cross over into monthly operating cash flow breakeven; demonstrable ROI for customers that is differentiable in the marketplace; and traction from investors.
"We will reinforce these positive attributes throughout 2025 within the marketplace and communicate the great opportunity for shareholders regarding the group's journey and growth ahead."
As of 1140 GMT, Seen shares had surged 53.85% to 5.0p.
Reporting by Iain Gilbert at Sharecast.com
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