Business
Trading Update and Notice of Results
Trading Update and Notice of Results.
About this update from Brave Bison Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0018Z\n Brave Bison Group PLC\n 20 January 2022\n \n \n \n \n 20 January 2022\n \n \n \n \n \n \n \n \n Brave Bison Group plc\n \n \n (\"Brave Bison\" or the \"Company\")\n \n \n \n \n \n Trading Update & Notice of Results\n \n \n \n \n \n Brave Bison, the social and digital media company, is pleased to provide the following trading update in relation to the year ending 31 December 2021 (\"FY21\"), and announces that the Company expects to report its full-year audited results for FY21 in April 2022.\n \n \n \n \n \n Trading in the second half of the year has been strong. Revenues and viewing numbers across the Company's advertising network have been robust, and Brave Bison's agency won several new customers during the final quarter of the year. Furthermore, the integration of Greenlight is well advanced and all previously identified synergies for FY21 have been achieved.\n \n \n \n \n \n Consequently, Brave Bison expects to report results that are ahead of current market forecasts and the corresponding period from the prior year. \n \n \n \n \n \n Adjusted Operating Profit is expected to be not less than £1.4m, and Profit Before Tax is expected to be not less than £0.4m. Profit Before Tax is stated after incurring acquisition costs of approximately £0.7m and is expected to be the first statutory Profit Before Tax in the Company's eight-year history as a public company.\n \n \n \n \n \n Financial Highlights\n \n \n \n \n \n \n \n \n \n FY21 expected results stated as not less than\n \n \n \n \n FY21\n \n \n \n \n FY20A\n \n \n \n \n Change\n \n \n \n \n \n \n Revenue\n \n \n \n \n \n £21\n \n .3m\n \n \n \n \n £14.5m\n \n \n \n \n +47%\n \n \n \n \n \n \n Gross Profit\n \n \n \n \n £7.7m\n \n \n \n \n £4.0m\n \n \n \n \n +93%\n \n \n \n \n \n \n Adj. EBITDA (1)\n \n \n \n \n £1.7m\n \n \n \n \n £0.1m\n \n \n \n \n +1,600%\n \n \n \n \n \n \n \n Adj. O\n \n \n perating Profit (2)\n \n \n \n \n \n £1.4m\n \n \n \n \n (£1.2m)\n \n \n \n \n n/a\n \n \n \n \n \n \n Adj. EBITDA Per Share\n \n \n \n \n 0.16p\n \n \n \n \n 0.02p\n \n \n \n \n +864%\n \n \n \n \n \n \n Profit Before Tax\n \n \n \n \n £0.4m\n \n \n \n \n (£2.3m)\n \n \n \n \n n/a\n \n \n \n \n \n \n Gross Cash\n \n \n \n \n £5.9m\n \n \n \n \n £2.8m\n \n \n \n \n +111%\n \n \n \n \n \n...