IFC Advisory’s Post

View organization page for IFC Advisory, graphic

491 followers

🚀 Exciting News from Silverbullet Data Services Group plc! 🚀 Silverbullet (AIM: SBDS), a leader in AI-driven digital transformation services, announces its interim results for the six months ending 30 June 2024. Here's a quick overview: 📊 Highlights: ✅ On track for an EBITDA positive run rate starting from October 📈 ✅ Strong revenue growth over 2023, excluding one-time discontinued business ✅ Repeatable services up 32% in H1 24 vs. H1 23 🔄 ✅ 4D AI revenues up 17% in H1 24 vs. H1 23 🤖 ✅ Global and US client revenues increased to 57% vs. 47% in H1 23 🌍🇺🇸 ✅ Cash generated from operations: £0.2m in H1 24 (compared to -£1.3m in H1 23) 💰 ✅ Total bookings and committed revenues up 21% year-on-year 🗣️ CEO, Ian James shared his optimism: ""We are delighted with the continued progress and positioning of the Company, as well as our strong revenue growth entering the second half of the year. With the objective of achieving a consistent positive #EBITDA run rate, the #Board took the decision in the first half to focus on higher margin long-term #repeatable business and decided to discontinue previous lower margin projects. The second half of the year started particularly strongly with new #global #contracts and, as a result, we have strong visibility on full-year revenues, having already surpassed the total revenue for FY23 by the end of August FY24. At the same time, we continue to carefully manage our #investments in talent and operational costs. With the Company reporting a #positive cash flow position in the first half of FY24 and confident of achieving an EBITDA positive run rate from #October onwards, the Board remains particularly #optimistic about the future of the business." 👉 For full details, check out the link: ttps://https://lnkd.in/eyD4RhXP #DigitalTransformation #AI #RevenueGrowth #EBITDA #BusinessUpdate #FinancialResults #Innovation #Growth #Leadership #SilverbulletDataServices #4D #AIM Chris Ellis Fi Taylor Graham Herring Florence Chandler Strand Hanson Zeus CMC Markets

  • No alternative text description for this image

To view or add a comment, sign in

Explore topics