Profitability14 Jun 2018 10:55
People tend to comment before doing actual research, its all there if you look. Claire joined BBSN in Q3 2017, since then EBITDA loss had reduced 51%, staff cost reduced 32%, cash outflow reduced by 66%, £4.8 cash in the bank 2017 end enough to fund us for 3 years (less obviously with product launches), projected profitibility within 18 months. Why do you think the bank facility was dropped? Geared for growth in 2018 with a statement by Claire late 2017 of "significant improvement towards profitability" already made. Advertising expenditure on social media is projected to reach US$54 billion by 2019, 10% of that market would give us 100's of millions in revenue per year - this company is going to be big in my humble opinion.