Business
Half Year Trading Update
Half Year Trading Update.
About this update from Brave Bison Group Plc
[{"type":"text","content":"\n \n \n 21 July 2022\n \n \n \n \n \n \n Brave Bison Group plc\n \n \n \n \n \n \n \n \n (\"Brave Bison\" or the \"Company\")\n \n \n \n \n \n \n Half Year Trading Update\n \n \n \n \n \n \n \n \n \n Revenues double year-on-year\n \n \n \n \n \n \n Brave Bison, the social and digital media company, today announces a trading update for the first half of 2022.\n \n \n \n \n \n \n Commenting on the trading update, Oliver Green, Chairman, said:\n \n \n \n \n \n \n \n \"In the past six months we have successfully integrated four businesses and launched a new, combined customer proposition and trade brand. This has helped deliver a doubling of revenue and record operating profits in the first half of 2022. As a result, the Board expects performance for the full year ended 31 December 2022 to be ahead of current market expectations.\n \n \n \n \n \n \n \n \n \n Whilst we note a more challenging macroeconomic environment, we remain confident in Brave Bison's future prospects. First, the business is well capitalised, with £4.8m of net cash, ready to take advantage of new opportunities. Second, over a quarter (and growing) of our workforce is remote, protecting the business from the runaway wage inflation that has challenged our peers. Finally, 50% of our gross profit comes from 13 enterprise customers, and 50% of our gross profit comes from a long tail of global customers, providing excellent diversity of income.\"\n \n \n \n \n \n \n \n \n \n Financial Highlights:\n \n triple-digit growth in KPIs\n \n \n \n \n \n \n \n \n \n \n \n \n Unaudited, reported as not less than\n \n \n \n \n \n \n H1 FY22\n \n \n \n \n \n \n H1 FY21\n \n \n \n \n \n \n YoY Change\n \n \n \n \n \n \n H1 FY20\n \n \n \n \n \n \n 2-Year CAGR\n \n \n \n \n \n \n \n Revenue\n \n \n \n \n \n £14.7m\n \n \n \n \n \n £7.3m\n \n \n \n \n +101%\n \n \n \n \n £5.5m\n \n \n \n \n +63%\n \n \n \n \n \n \n Gross Profit\n \n \n \n \n \n £8.1m\n \n \n \n \n \n £1.9m\n \n \n \n \n +326%\n \n \n \n \n £1.8m\n \n \n \n \n +112%\n \n \n \n \n \n \n Adj. EBITDA (1)\n \n \n \n \n \n £1.5m\n \n \n \n \n \n £0.5m\n \n \n \n \n +200%\n \n \n \n \n (£0.4m)\n \n \n \n \n -\n \n \n \n \n \n \n \n Adj. Operating Profit (2)\n \n \n \n \n \n \n £1.2m\n \n \n \n \n \n \n £0.4m\n \n \n \n \n \n \n +200%\n \n \n \n \n \n \n (£0.8m)\n ...