RE: Morning helx20 Jun 2023 20:33
Bidstack Group PLC, down 36% at 1.12p, 12-month range 1.05p-4.24p. The in-game advertising firm reports an increase in annual administrative costs which offset revenue growth for 2022. In 2022, its pretax loss widens to GBP8.8 million from GBP8.0 million a year prior. Revenue more than doubles to GBP5.3 million from GBP2.6 million. However, administrative costs jump 45% to GBP12.5 million. Looking ahead, the company expects its reseller network to "begin to contribute materially which is a cost-efficient approach to monetising our non-core markets," and touts the launch of an open market place in the second quarter of 2023.
I'm expecting around Β£5 million gp which is at the lowest end of expectations however still 100% y/y growth for 3 years on the trott!
Upside from Azerion possible.
Upside from "other sources " and unexpected deals.
Downside now well and truly baked in.
Open market going live any day.
Key is reducing costs which is under way but can they go beyond the 40% already outlined? Most of that recent increase is in sales but they will be paying for themselves.