Business
Revised Revenue Guidance for FY2021
Revised Revenue Guidance for FY2021.
About this update from Supply@me Capital Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0230S\n Supply @ME Capital PLC \n 11 November 2021\n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN. \n \n \n \n \n \n \n \n \n 11 November 2021\n \n \n \n \n \n \n \n \n Supply@ME Capital plc\n \n \n (The \"Company\", \"the Group\" or \"SYME\")\n \n \n Revised revenue guidance for FY 2021:\n \n \n Majority of revenues from Inventory Monetisation transactions deferred into future accounting periods, commencing FY2022. \n \n \n Significant progress made in securing the Group's multi-business line FinTech strategy. \n \n \n \n \n \n Supply@ME Capital plc, the innovative fintech platform which provides the Inventory Monetisation© service to manufacturing and trading companies, today provides the following update on its Group revenue projections for the current financial year ending 31 December 2021. \n \n \n In the Trading Update, published via RNS on \n 31 August 2021, the Board of Directors expected the Company t\n o generate consolidated revenues for 2021 in the range of £3.8m - £4.9m. \n \n \n \n The\n \n \n revenue guidance set out in the RNS of 31 August, was based on the Group's pipeline of inventory funding streams (warehoused goods monetisation via \"C.IM\" revenue) and associated Inventory Funders (Banks and Investment Funds), together with the investment advisory revenue (\"IA\") expectations generated by the in-transit goods monetisation managed by TradeFlow Capital Funds. The pipeline referred to above was analysed in detail by the Board of Directors and only those inventory funding streams with the highest confidence factor were included in the revenue guidance published on 31 August 2021.\n \n \n The Board of Directors now expects a binding contract with the initial Inventory Funder to be finalised prior to 31 December 2021, following which the first Inventory Monetisation (\"IM\") transaction is then expected to be completed. As a result, the majority of these revenues will now be recognised in future accounting periods, commen...