Sosandar Plc (SOS) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and thank you very much for joining us today. We are delighted to be presenting a great set of results and also to talk to you about the exciting year ahead. So just to run through the agenda, first of all, for the presentation, we're going to start off with the full year results to the end of March 23. I'll give a top line overview and Steve will go through the key details of the financials. And then in the second half of the presentation, Ali and I are going to talk through our growth strategy for this year and beyond. So first of all, we'd just like to take a moment to look back on the Susanda growth journey. This graph shows annual revenue over the last six years. We've had consistent growth every single year, going from a million pounds of turnover in 2018 to 42 and a half million turnover last year, all set against the most extraordinary backdrop of multiple external challenges from Brexit, to the pandemic to war in ukraine spiraling inflation and of course the cost of living crisis And as well as sustained growth in revenue since we launched, in the last two years alone, we've increased revenue by 30 million pounds and become profitable. So we've built an entirely new brand, we've disrupted the market, and we've captured the loyalty of an underserved audience, both direct to consumer on our own website and with some of the UK's biggest retailers. Just to go on to last year, last year was a fantastic year. We had our first full year of profitability and we had substantial profit of £1.6 million. Our revenue grew by 13 and a half million to 42 and a half million, which was up 44% year on year. Our business is thriving on every single channel that we sell through. All categories are selling well, including our new fast track categories, such as s...