RE: BIDS23 Feb 2022 08:56
I only ramp when bought in... when you get de-rampers like helx you need rampers... although this don't need ramping from this price... You tell me any reason for the drop??? below is last update...
Key Commercial Highlights:
· Due to the recently signed commercial agreements, Bidstack has secured a revenue stream of a guaranteed minimum of US$30 million advertising spend over two years, commencing 1 March 2022;
· Signed a multiple format advertising agreement covering the mobile portfolio of one of the world's leading AAA gaming companies; the arrangement includes exclusivity for one of the publisher's biggest sporting franchises;
· Brand count doubled year-on-year to 70 (FY20: 35);
· Publisher portfolio nearly tripled year-on-year to 58 (FY20: 20);
· Growing global footprint: active in over 30 markets (FY20: 17);
· Implemented 76 ad campaigns in FY21 (FY20: 44); and
· Structural improvement in gross margins, associated with scaling in-game advertising revenue.
FY21 Financial Update
The Board is pleased with the Company's progress, which has prioritised improving the quality of revenues and gross margin alongside strategic investments in key talent and operations. The Company has chosen not to pursue some low margin revenue opportunities and instead has invested in building the foundation for future high quality, higher margin growth areas. The Directors believe that this was the appropriate, long-term approach, as evidenced by the recent agreements with Azerion and one of the world's leading AAA gaming companies.
As a result, and subject to audit, the Board expects FY21 gross margins to have improved significantly, to in excess of 30% (FY20: 13%). As a result, gross and net profits are both expected to be broadly in line with market expectations. Due to delays in completing certain agreements and certain deferrals of ad campaigns, we anticipate revenues for FY21 to be below current market expectations. However, revenue for the year will be significantly higher than last year (FY20: £1.7m).
Year-end cash is expected to be in line with market expectations at approximately £7 million.
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