Silver Bullet Data Services Group plc (LON:SBDS), a provider of digital transformation services and products, has provided a trading update for the year to 31 December 2022.
Despite the challenging macroeconomic market conditions, the Company has delivered a strong operational performance, with unaudited EBITDA in line with expectations and year-on-year revenue growth of over 50%.
Demand for Silverbullet’s services and products has continued. In Q4 2022, the Group recorded £3.4m of bookings, which will flow into financial year 2023. The Company continues to trade well whilst managing its business model and cost base in line with the evolving client and macro environment.
The Company also announces that Keith Sadler, Non-Executive Director, has resigned with immediate effect, in order to focus on his other business interests. The Board would like to thank Keith for his contributions and wish him well in his future endeavours.
The Company expects to announce its results for the year ended 31 December 2022 on or around 30 May 2023.