Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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The Company ended 2023 with cash of US$3.7 million. In addition, the Company had access to a US$1.9 million undrawn overdraft with HSBC. Therefore, the Company had access to circa US$5.6 million going into 2024, with the Company being fully funded for its current growth trajectory.
£5m available snd Someone on twitter suggesting a raise 😂😂😂
Forget about numbers just focus on the post from whatwhatkid and that statement. They are basically saying they are open and hoping that someone will come and buy them. All the bid talk a few years back was total B88s*it and the company always denied it. This is them saying "please come and get us"
Contracted revs for year so far:
April 2022: $60.5M
April 2023: $52M
April 2024: $55M
Q1 revs:
2022: $19.5M
2023: $15.4M
2024: $17.1M
Still a way to go to reach 2022 figures but moving in the right direction.
It'll be M&A or a NASDAQ listing. BOOM would be valued 5 to 10 times higher over the pond.
A US listing might be worth a question to SL later.
Group cash of US$3.1 million (31 December 2023: US$3.7 million) with a further US$1.8 million available via an undrawn overdraft
Q1 is exactly on target and what was expected by the company.
Q1 cash is always down as they make advanced payments in first quarter and recoup over the year
Https://www.proactiveinvestors.co.uk/LON:BOOM/Audioboom-Group-PLC/rns/1451191
On each measurement service Audioboom ranks as the highest independent podcast publisher, as well as the highest ranking pure-play podcast publisher.
2023 saw a very low level of M&A and investment activity across the industry. There were no notable acquisitions in the space, with the only noteworthy transaction involving the public listing of Podcast One in September 2023, now trading on Nasdaq.
We are confident that the structural growth of the medium and the sharp increase of the Total Addressable Market will lead to M&A activity reigniting during the next 12 months. Audioboom's business model, structure and performance continues to provide strong optionality on our future path. Our global scale and ownership of technology and commercial services will make us an attractive proposition for major media or technology businesses looking to fast-track a leadership position in podcasting. Alternatively, our business model sees us set for continued growth and a strong future as the leading independent player in the space. As always, the Board will continue to strive to deliver maximum shareholder value.
I guess when you've come through an economic decline or recession, reaching previous highs is on the path to reaching new highs. Can't get to the latter without the former.
Credit where credits due. That's a cracking quarter.
How’s this for you
I am buoyed by the US$55 million of advertising that we currently have booked for the year. This compares with the US$50 million booked at the same stage last year but, in relative terms, we are even further ahead, as in 2023 approximately US$7 million of advertising campaigns were cancelled between April and September due to ad market deterioration.
Sounds like we need confirmation of a sustainable recovery with Q2 metrics reaching all time record levels. Just reaching previous peak levels again isn't enough to convince Mr Market.
Financial and operating highlights
· Q1 revenue of US$17.1 million, up 11% on Q1 2023 (US$15.4 million). The positive momentum of Q4 2023 has continued with the second successive quarter of year-on-year revenue growth Revenue growth has accelerated in this period (Q4 2023: 5% up on Q4 2022) and the Company expects further acceleration in revenue growth rate through upcoming quarters
· March revenue of US$6.7 million represented the highest revenue month for the Company since May 2022
Boom is back
Brilliant start to 2024. It's going to be a sensational year.
JWB - What a posting history. Have you ever written a positive word about any stock in your life?
The Q1 trading update is more important ( see 2nd RNS)
And what a dive in cash
Who is "Tobin", anyone?
You never know whatwhatkid with the motives of MM and cohorts
Don’t see a sell on news tomorrow - shorts and getting burnt tomorrow
Tobin is locked out for a while due to privileged info. he has been accumulating at any price for some time. I expect we will be having solid positive news, selling into good news is a thing too ! so i would be happy with a nice steady rise.
Bet Tobin can’t wait to top up
Not long to wait for the TR1, wink wink
All eyes on EBITDA and cash generation