18th Dec 20193 Dec 2020 17:58
It's nearly a year since we got this bombshell
Bidstack Group plc (AIM: BIDS), the native in-game advertising group, announces an update on trading for the year ending 31 December 2019 ('FY 2019').
Further to the announcement of its interim results on 30 September 2019, the Company reports that momentum towards its goals continues to be positive.
The Board is pleased with recent progress and expects that its industry relationships will deliver a material uplift in revenues in 2020. However due to commitments previously anticipated to be recognised in 2019 having been delayed, it is clear that the Company will not now meet its revenue targets for 2019.
While all of the Company's revenues for 2019 are expected to derive from programmatic advertising spend, which is growing month on month, they are not expected to be significant.
The Company continues to progress significant agreements and commitments with a number of global advertising agencies.
Bidstack has also been working closely with some of the world's largest names in computer game development and publishing. Access to a number of well-known games is expected in Q1 and Q2 2020.
In addition the Company is achieving considerable progress in making the Bidstack platform available in cloud gaming services.