Silverbullet strong growth with revenue up 79% to £4.16 million

Silver Bullet Data Services Group plc – Silverbullet (LON:SBDS) a provider of digital transformation services and products, has announced interim results for the six months to 30 June 2023.

Financial Highlights

Six months to June 2023Six months to June 2022
Revenue£4.16m£2.33m
Gross Profit£3.34m£1.63m
EBITDA*(£1.19m)(£3.41m)
Reported Loss before tax£1.83m£3.79m
Earnings Per Share(£0.10)(£0.27)

*See note 3 of notes to the interim accounts

Operational Highlights

·     For the six months to June 2023, Silverbullet experienced a period of strong revenue growth, with revenue having increased by 79% to £4.16 million versus H1 2022 (2022: £2.33m).
·     Increased revenue driven by the expansion of services to established customer base across the Group’s three key markets of US, UK and APAC, alongside new logo wins; notably, over 35% of Group revenue in the period was generated in the US market.
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