RE: Azerion 0 - 1000 employees in just 7 years14 Feb 2022 21:44
Girdz you are an obtuse little beggar.
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.
FY22 Outlook and Prospects:
· Robust pipeline of additional AAA and independent titles in contract or in active negotiation stage;
· Implementation and rollout of the Azerion agreement announced today; and
· Execution of the multiple ad format deal with one of the world's leading AAA game publishers.
Bidstack has made material progress in recent months resulting in significantly improved revenue visibility leading into FY22. In addition, the gross margin improvement noted above is expected to continue in the coming year. These developments should provide Bidstack with a meaningful step on the pathway to profitability.
More than £1.7 but less than forecast. Somewhere in between. We aren't expecting huge figures. It's all here in black and white.
But what investors are getting excited about is after march 1st.
Booooooom. Get it? !