Ian James of Silver Bullet: 4D AI contextual data platform, has delivered exceptional growth with revenues growing by 122%
Ian James, CEO of discusses their interim results noting they have achieved strong revenue growth of 79%. Ian also points out that they continue to see robust demand from clients for both their Customer Experience Services & their 4D, AI contextual data Platform, which means they are targeting a positive EBITDA position in early FY24.
Operational Highlights for the 6 Months to 30th June
· 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.
· Revenue from '4D' Silverbullet's AI contextual data platform has grown by 122% to £1.22m - driven predominantly by significant growth in the US market.
· Revenue from the Customer Experience Services unit has grown by 65% to £2.94m - largely driven by growth with existing clients.
· Significantly reduced operating costs as a result of strong cost management and the successful restructure of the 4D team in late 2022 as the platform reached key milestones on the product development roadmap.
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.