Financial Highlights

- Total Group FY23 revenue expected to be $2.1m (FY22: $3.3m).

- 37% of revenue was technology-related (FY22: 30%)

- Recurring technology revenues of more than $0.2m (FY22: $0.1m)

- Increased its customer base to 40 (2022: 21)

- New customers are in growing vertical markets such as sports and services, e-commerce applications and publishing

- Expanded Gross Margin above 20% (FY22: 15.2%)

- Reflecting improving technology-led and higher margin CSP sales mix

- Reduced Adj. EBITDA loss c.$0.6m (FY22: loss of $0.8m)

- Cash, as at 31st Dec 2023, of $1.2m

- one-off development costs of CreatorSuite 2.0

- Successfully completed a fundraising in December 2022

Operating highlights

- Released two new products in 2023

- Leveraging their proprietary AI-led technology

- Michael Zigman is proposed to be appointed to the Board as an independent non-executive director, replacing Akiko Mikumo.

Market Intelligence

- First mover advantage in the AI-led video e-commerce space

- Strong balance sheet at the end of FY23

- Creator Suite2.0 well received by beta customers

- Doubling of Purchase Conversions

- Click through Rates of up to 25%

- CAC down 67% in PPC Campaigns

- Opportunity to add a new revenue stream for publishers leveraging the same video library by combining advertising with SVPs to drive sales

- Integration of Key Video Moments with CRM systems to automate e-commerce

- Strong balance sheet at the end of FY23

- Deep and broad sales pipeline for FY24

- Targeting cash flow breakeven in FY24