Sosandar Plc (SOS) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Morning, everyone. So firstly, today, we're going to take you through the half year 2023 financials. But we know investors are particularly interested in current trading, especially with the current economic backdrop. So the second half of the presentation is dedicated to this and includes current trading, product expansion, customer acquisition and retention, operations, sales channels, and finally, the outlook for the future. So before Steve goes through the details, the key highlights of the first six months of the financial year. So we had revenue of 21 million, which is up 72% year on year. We've had our second six months of profitability. And this strong growth has been equally achieved on our own site and through our third party partners. We're successfully continuing to navigate the external challenges. And we further expanded and diversified our product range and had really strong performance across all our KPIs. So in terms of our financial highlights, starting with revenue, where our revenue for the first half of the financial year was 21 million, a 72% increase on the 12.2 million achieved in the first half of the previous year. This increase includes record trading across all sales channels, enabling us to take market share across all categories. Further investment in stock has enabled us to deliver this growth, which has been delivered equally across both our own sites and through our third party partners. The total growth in revenue was 8.8 million, with growth from our own site being 4.3 million and growth from third parties being 4.5 million. In terms of profit before tax, we have delivered the second six-month period of PBT. Our PBT was 0.1 million, which is a substantial positive swing versus last year, where we made a loss of 1.1 million. This swi...