RE: More targeted recruitment10 Aug 2021 21:04
We have already had H1 update in placing RNS.
Don’t think you’ll get any more than this.
Usual fluffy update from Bidstack.
Current Trading
In 2020, Bidstack made strong and tangible progress towards its ambition to become a global leading advertising and monetisation platform for interactive entertainment. Bidstack has proven its initial concept through bringing premium advertisers into the world of gaming, securing exclusive contracts with household name game developers and building the technology infrastructure to enable both sides to seamlessly transact.
Bidstack's strategy has been to take no shortcuts from either a technological or commercial perspective. This is now paying off, with significant advertising agencies and brands planning around the Company's premium inventory and with its technology providing transparent reporting on campaign performance.
The Board believes that Bidstack is now well established, both in terms of technology and revenue generation. It is vital for Bidstack to consolidate its leading position through execution and scaling its value proposition into new markets.
The Company has started the year steadily and expects to have generated revenues in excess of £800,000 by the end of the half year. The pipeline looks robust with strong contributions expected from the US and growth in agency, approved partners and brands direct relationships. The Company continues to expect to deliver revenues for the year in line with market expectations, albeit second half weighted. In addition, the Board has been focussed on controlling total operational costs of the Group going forward as it starts to rebalance capital deployed to reflect the shift from product development to commercialisation.