RE: News due11 Jan 2024 12:32
They have said they are hoping to get $125mill in revs from the US by 2026 if they manage to do that we are undervalued.
Successful fundraise, restructure completed with net cash burn to fall to c£700k per month for the
12 months from July 2023 onwards. Withdrawal from China completed
Revenue for H1 of £592k (H1 2021: £577k). Due to seasonal nature of key advertising markets
and the sales pipeline, higher revenues are expected in H2
Good sales progress in EMEA, US market conditions slowing conversions in H1, pipeline
stronger than ever
On-course for growth-phase:
Majority of US Tier 1 supply partners active, in negotiation or in testing phase
Advertiser and agency roster expansion above expectations
Significant growth of repeat buying
Significant platform developments, new API, acceleration through Microsoft collaboration.
Transitioning to programmatic model