Silver Bullet Data Services Grp PLC Trading Update and Working Capital Facility
24 Oktober 2024 - 8:00AM
RNS Regulatory News
RNS Number : 3727J
Silver Bullet Data Services Grp PLC
24 October 2024
24 October 2024
Silver Bullet Data Services
Group plc
("Silverbullet"
or the "Company", or, together with its
subsidiaries, the "Group")
Trading Update and Working
Capital Facility
Silverbullet (AIM: SBDS), a provider
of AI driven digital transformation services and products, is
pleased to provide the following trading update.
Highlights
|
·
|
Silverbullet has achieved
record-breaking monthly revenue in September in line with
management expectations, providing significant confidence of
trading EBITDA positive from October.
|
|
|
|
|
·
|
Silverbullet has successfully
secured a working capital facility allowing the Company to fully
execute its growth strategy through FY25.
|
As mentioned in the Company's
interim results published on 11 September 2024, the second half of
the year has started particularly strongly, with new global
contracts and strong visibility on full-year revenues. This
momentum has continued as the Group delivered record-breaking
revenue in September 2024 and remains on track to achieve an EBITDA
positive run rate from October 2024 onwards.
The Company is also pleased to
announce that it has secured a new working capital facility,
ensuring support for its growth strategy through FY25. The funding
takes the form of a receivables backed revolving credit facility,
initially for £2m with up to £4m available over 24 months with
eligible receivables over both UK and international invoices. The
Board expects the facility to provide sufficient working capital
for the business as it achieves its goal of an EBITDA positive run
rate.
Ian
James, CEO of Silverbullet, commented:
"We are delighted that the Company has continued to secure new
global contracts resulting in a record trading month for the
business. In addition, the new working capital facility announced
today eliminates the need for any additional funding to cover
operational working capital, providing a strong foundation for
continued expansion."
For
further information please contact:
|
Silverbullet
|
|
via IFC
|
|
Ian James (CEO) / Chris Ellis
(CFO)
|
|
|
|
|
|
|
|
Strand Hanson Limited - Financial and Nominated
Adviser
|
|
0207 409 3494
|
|
James Spinney / James Bellman /
Robert Collins
|
|
|
|
|
|
|
|
Zeus Capital Limited - Joint Broker
|
|
0203 829 5000
|
|
Simon Johnson / Jake
Walker
|
|
|
|
CMC
Markets - Joint Broker
|
|
0203 003 8632
|
|
Douglas Crippen
|
|
|
|
|
|
|
|
IFC
Advisory
|
|
020 3934 6630
|
|
Graham Herring / Tim Metcalfe /
Florence Chandler
|
|
07793 839 024
|
The information contained within this announcement is deemed
by the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact
rns@lseg.com or visit
www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
TSTQKNBQABDDBKB
Silver Bullet Data Servi... (LSE:SBDS)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
Silver Bullet Data Servi... (LSE:SBDS)
Historical Stock Chart
Von Dez 2023 bis Dez 2024
