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Bidstack to meet expectations after 'good progress' since joining AIM

Fri, 11th Jan 2019 08:30

(Sharecast News) - Bidstack Group stated on Friday that it expects to meet full-year market expectations, generating revenues in excess of £0.3m after signing digital advertising contracts for nine new games.The native in-game advertising specialist now has contracts for major titles such as Football Manager 18, Football Manager 19 and DiRT Rally 2, with its platform now live on the former two titles and enjoying "particularly good" traction of 1.0m impressions per day in Asia during December.James Draper, chief executive of Bidstack, said, "We have made good progress against our stated objectives since coming to the market in September 2018. The funds raised have been put to use primarily on expanding our sales team and refining our technology and the company has successfully transitioned from proof of concept to revenue generation through the platform."Since its admission to trading on AIM in mid-September, the company has also seen its platform go live on an end-to-end programmatic basis with PubMatic, operator of a major supply side platform."Bidstack is now serving digital dynamic advertising into games across different continents, proving that the platform can scale globally," said Draper.Bidstack said it is in discussions with several leading games developers and publishers regarding exclusive partnerships and has strengthened its sales team after placing ads for global brands including 188 Bet, BooHoo Man, Audi, MG Motors and Volkswagen.Bidstack's shares were down 5.26% at 4.50p at 0918 GMT.
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22 Mar 2024 16:03

Bidstack executive team buys Bidstack Ltd assets from administrators

(Alliance News) - The executive team of Bidstack Group PLC has acquired Bidstack Ltd and all the operating entities of the group from the administrators, according to Bidstack Group on Friday.

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11 Mar 2024 18:17

IN BRIEF: Bidstack falls into administration as rescue talks fail

Bidstack Group PLC - London-based in-game advertising company - Announces that the funding alternatives being explored as part of a strategic review have so far not produced any tangible solvent offers. Bidstack says this is despite a "concerted effort" including approaches from upwards of 200 potential buyers of the group's business and assets. Notes there has also been no further progress with Irdeto BV with regard to a convertible loan note agreement. Therefore, Bidstack decides to file a notice of intention to appoint managing directors from Alvarez & Marsal Europe LLP as administrators. Requests suspension of shares from Monday.

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11 Mar 2024 10:36

Bidstack suspends trading, appoints administrators after failed sale process

(Sharecast News) - Bidstack, the struggling in-game advertising group, was forced to temporarily suspend its shares from trading on AIM on Monday after announcing administrators have been appointed following a failed sale process.

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5 Feb 2024 11:07

Bidstack launches strategic review as Irdeto loan deal stalls

(Alliance News) - Bidstack Group PLC shares plummeted on Monday, with the firm saying that it "must" consider funding alternatives as it remains unable to complete its loan agreement with Irdeto BV.

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5 Feb 2024 10:30

AIM WINNERS & LOSERS: Helium One Global jumps on Itumbula West-1 well

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

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22 Dec 2023 12:54

LONDON MARKET CLOSE: Investors feel icy ahead of US inflation data

(Alliance News) - Stock prices in London closed slightly higher on Friday, as fears over a recession in the UK dampened the festive spirit.

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22 Dec 2023 10:29

IN BRIEF: Bidstack settles with Azerion; new partnership begins

Bidstack Group PLC - London-based in-game advertising firm - Says it has reached a settlement and new commercial partnership with Azerion Group NV. Adds that the two firms have agreed to resolve claims which are currently pending at the Amsterdam court, and "move forward collaboratively". Says Azerion will pay EUR3 million in settlement, after which the firms will begin a new partnership, with Bidstack working with Azerion's supply-side platform to enable Azerion to access Bidstack's gaming inventory.

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22 Dec 2023 09:54

AIM WINNERS & LOSERS: Bidstack surges as reaches Azerion settlement

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

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22 Dec 2023 09:01

LONDON MARKET OPEN: Stocks snowed under; UK on brink of recession

(Alliance News) - Stock prices in London opened lower on Friday, with investors not feeling in a festive mood ahead of US inflation data.

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22 Dec 2023 08:02

Bidstack settles legal dispute with Azerion, agrees to new commercial partnership

(Sharecast News) - Software firm Bidstack shares surged on Friday after settling its legal dispute with partner Azerion and agreeing to a new commercial partnership.

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18 Oct 2023 17:14

IN BRIEF: Bidstack receives funding from existing investor, Irdeto

Bidstack Group PLC - London-based in-game advertising firm - Enters loan agreement, subscription and share option agreement and a composite guarantee and debenture with Irdeto BV. Explains these will provide a secured convertible loan note facility of up to four separate tranches of GBP0.6 million each. Notes Irdeto, a leader in digital platform cybersecurity, invested GBP5 million in Bidstack as part of a fundraise in October 2022. Irdeto currently holds around 13% of the total voting rights in Bidstack. Funds received will provide working capital. In addition, proposes a 1,000 for 1 consolidation of shares.

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29 Sep 2023 11:57

LONDON MARKET MIDDAY: Stocks climb on favourable UK and eurozone data

(Alliance News) - Stocks in Europe were on the up on Friday, ending a difficult week with some confident gains, supported by better economic data in the UK, and a rosier inflation picture in the eurozone.

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29 Sep 2023 11:50

AIM WINNERS & LOSERS: Bidstack falls as eyes lower annual revenue

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

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29 Sep 2023 10:51

EARNINGS: Personal Group trading "robust"; Parity loss widens

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

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30 Aug 2023 11:53

LONDON MARKET MIDDAY: FTSE 100 outperforms European peers

(Alliance News) - The FTSE 100 was outperforming its European peers around midday on Wednesday, amid news that eurozone economic sentiment deteriorated in August.

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