REMINDER: Our user survey closes on Friday, please submit your responses here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBIDS.L Share News (BIDS)

  • There is currently no data for BIDS

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Bidstack slumps as loss widens on spiraling costs

Thu, 04th Apr 2019 13:20

(Sharecast News) - Bidstack's shares stumbled on Thursday after it reported a wider loss as cost increases outweighed a jump in revenue.The native in-game advertising group recorded a loss before tax of £3.3m for 2018, a jump in loss from the £0.5m achieved the year before, as administrative expenses leapt by 214% to £1.3m and cost of sales jumped by 137% to £0.2m.Increased losses were also driven by the AIM traded company recording transaction costs of £0.7m and share based payments of £1.4m related to the acquisition of Bidstack Limited by way of a reverse takeover.Meanwhile, staff costs increased to £0.7m from £33,833 as the company increased wages and hired more employees in a bid to strengthen its sales and technical development teams, which on the other hand did see revenue increase from £10,034 to £0.3m.Donald Stewart, chairman of Bidstack, said: "The team has made great progress in the development of the Bidstack platform since completion of the RTO. These advances coupled with the high levels of interest in Bidstack's business model we are experiencing from games publishers, developers and other leading technology businesses all support the directors' belief that we have a significant first mover advantage in the provision of dynamic native in-game advertising and that the business will generate highly significant amounts of advertising traffic."Cash and cash equivalents stood at £2.1m at the end of the year, which was far higher than the £1,661 on hand at the same point the year before, after Bidstack raised £3.5m via an over-subscribed placing."In the short term the board intends to prioritise investment in technical developments which will place Bidstack in the best possible position to operate at significantly increased scale. We believe this strategy will result in the business being well placed to meet market expectations for 2019 and will facilitate extensive growth in 2020. As a fast-growing business, we expect that revenues in 2019 will be significantly second half weighted with perhaps a more marked split than previously anticipated," said Stewart.Bidstack's shares were down 8.39% at 13.10p at 1206 BST.
More News
17 Aug 2022 10:56

Bidstack inks multi-year contract renewal with Sports Interactive

(Alliance News) - Bidstack Group PLC on Wednesday said it has extended its multi-year partnership with the developer of the Football Manager video game series.

Read more
8 Aug 2022 10:30

Bidstack interim loss widens despite doubled revenue as costs surge

(Alliance News) - Bidstack Group PLC on Monday reported its interim loss slightly widening despite growing revenue as expenses rose.

Read more
11 Jul 2022 14:09

IN BRIEF: Bidstack signs deal to create in-game advertising business

Bidstack Group PLC - London-based in-game advertising platform - Says an Asia-Pacific mobile marketing technology company has contracted to white-label Bidstack Technologies' supply side platform for an undisclosed sum. Bidstack says this partnership will utilise the SSP platform to create their own in-game advertising business. This is expected to generate a recurring revenue stream for Bidstack. The company says the agreement starts immediately for a term of 3 years.

Read more
7 Jul 2022 14:08

Bidstack revenue more than doubles amid Azerian partnership roll out

(Alliance News) - Shares in Bidstack Group PLC were up Thursday as it said that it is on track to meet full-year market expectations.

Read more
7 Jul 2022 11:05

AIM WINNERS & LOSERS: Novacyt revenue falls but Bidstack's jumps

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

Read more
20 Jun 2022 07:41

IN BRIEF: Hargreave Hale AIM VCT posts 23% NAV fall in first half

Hargreave Hale AIM VCT PLC - Blackpool-based venture capital trust - For the half-year that ended March 31, net asset value per share falls 19% to 77.13 pence from 95.71p a year ago and 23% from 100.39p on September 30 last year. The dividends-reinvested NAV total return is negative 18% versus negative 16% for its benchmark, the FTSE AIM All-Share Index Total Return index.

Read more
17 Jun 2022 10:46

AIM WINNERS & LOSERS: M&C Saatchi pulls Next Fifteen deal support

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

Read more
17 Jun 2022 09:22

IN BRIEF: Bidstack hires former Sony executive as chair designate

Bidstack Group PLC - London-based in-game advertising platform - Hires David Reeves as chair designate to succeed Donald Stewart on September 1. The company says Reeves will serve as a non-executive director in the meantime. Stewart will move to a non-executive role and serve on the audit and remuneration Committees on Reeves' becoming the chair.

Read more
17 Jun 2022 08:05

Bidstack names David Reeves as chairman designate

(Sharecast News) - Advertising agency Bidstack named David Reeves as chairman designate on Friday, with the former Sony Computer Entertainment executive set to take over the role from the outgoing Donald Stewart on 1 September.

Read more
17 May 2022 15:59

UK shareholder meetings calendar - next 7 days

Wednesday 18 May  
ABCAM PLCAGM
abrdn PLCAGM in Edinburgh
Alliance Pharma PLCAGM
Burford Capital LtdAGM
Coats Group PLCAGM
CVC Credit Partners European Opportunities LtdAGM
EKF Diagnostics Holdings PLCAGM
Highcroft Investments PLCAGM
Impax Environmental Markets PLCAGM
JPMorgan American Investment Trust PLCAGM
Keller Group PLCAGM
LMS Capital PLCAGM
Merchants Trust PLCAGM
PensionBee Group PLCAGM
Permanent TSB Group Holdings PLCAGM
PYX Resources LtdAGM
Riverstone Credit Opportunities Income PLCAGM
Schroder UK Public Private Trust PLCAGM
Science Group PLCAGM
Seplat Energy PLCAGM
TI Fluid Systems PLCAGM
Vesuvius PLCAGM
Thursday 19 May  
Bigblu Broadband PLCAGM
Brand Architekts Group PLCGM re takeover of InnovaDerma
Capital & Regional PLCAGM
Computacenter PLCAGM
Cornish Metals IncGM re equity raise
Dialight PLCAGM
Ebiquity PLCAGM
Eqtec PLCAGM
Essentra PLCAGM
Fevertree Drinks PLCAGM
Gamma Communications PLCAGM
Genuit Group PLCAGM
Headlam Group PLCAGM
Inchcape PLCAGM
InnovaDerma PLCGM re takeover by Brand Architekts
Irish Residential Properties REIT PLCAGM
K3 Business Technology Group PLCAGM
Light Science Tech Holdings PLCAGM
Live Co Group PLCGM
McColl's Retail Group PLCAGM
musicMagpie PLCAGM
Network International Holdings PLCAGM
Next PLCAGM
Pharos Energy PLCAGM
Property Franchise Group PLCAGM
Rotala PLCAGM
Smart Metering Systems PLCAGM
St James's Place PLCAGM
Tyman PLCAGM
Friday 20 May  
Bank of Cyprus Holdings PLCAGM
Croda International PLCAGM
Deliveroo PLCAGM
Georgia Capital PLCAGM
Hikma Pharmaceuticals PLCEGM re capital reduction
Keywords Studios PLCAGM
Real Estate Investors PLCAGM
Reckitt Benckiser Group PLCAGM
Resolute Mining LtdAGM
Restore PLCAGM
Monday 23 May 
Brewin Dolphin Holdings PLCGM re acquisition by RBC Wealth Management
Digital 9 Infrastructure PLCAGM
Empiric Student Property PLCAGM
TMT Investments PLCAGM
Tuesday 24 May 
4imprint Group PLCAGM
Afentra PLCAGM
Artisanal Spirits Co PLCAGM
Bidstack Group PLCAGM
Epwin Group PLCAGM
FDM Group Holdings PLCAGM
Forterra PLCAGM
Harworth Group PLCAGM
Henderson High Income Trust PLCAGM
Hill & Smith Holdings PLCAGM
Hilton Food Group PLCAGM
Horizonte Minerals PLCAGM
Judges Scientific PLCAGM
Pebble Group PLCAGM
Quarto Group IncAGM
Restaurant Group PLCAGM
Riverstone Energy LtdAGM
Shell PLCAGM
Thungela Resources LtdAGM
Vector Capital PLCAGM
WPP PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
5 May 2022 21:43

TRADING UPDATES: McColl's "likely" on brink of administration

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
27 Apr 2022 17:24

TRADING UPDATES: 1Spatial swings to profit; AB Dynamics revenue grows

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
9 Mar 2022 12:18

TRADING UPDATES: Mothercare distances from Russia; Midatech's J&J deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
3 Mar 2022 20:34

TRADING UPDATES: Next Fifteen raises GBP50 million; N Brown sales up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
22 Feb 2022 21:57

TRADING UPDATES: Angling Direct ups revenue; Ceiba takes Omicron hit

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.