Silverbullet reports strong revenue growth, positive cash flow position

Silver Bullet Data Services Group plc (LON:SBDS), Silverbullet, a provider of AI driven digital transformation services and products, is pleased to announce interim results for the six months to 30 June 2024.

Cash generated from operations, current record bookings and committed revenue, on target to achieve an EBITDA positive run rate from October onwards.

Financial Highlights

Six months to June 2024Six months to June 2023
 
Revenue£4.4m£4.2m
Gross Profit£3.3m£3.3m
EBITDA*(£0.9m) (£1.2m)
Reported Loss before tax(£1.6m)(£1.8m)
Earnings Per Share-0.08p-0.10p

*See note 3 of notes to the interim accounts

Highlights

·      Confident of achieving an EBITDA positive run rate from October onwards

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