# Silver Bullet Data Services 2021 was a transformational year

- Link: https://www.directorstalkinterviews.com/silver-bullet-data-services-2021-was-a-transformational-year/4121067044
- Published: 2022-06-01T07:16:23+01:00
- Author: Giles

**Silver Bullet Data Services Group plc** (LON:SBDS), a provider of digital transformation
services and products, has announced its unaudited preliminary results for the year
ended 31 December 2021.

**Financial Highlights**

|  | **Year ended December 2021** | **Year ended December 2020** | 
|  |  |  | 
| Revenue | £3.81m | £2.79m | 
| Gross Profit | £2.79m | £1.97m | 
| Headline Loss before tax* | £6.10m | £4.58m | 
| Reported Loss before tax | £8.57m | £5.37m | 
| Earnings Per Share | (£0.73) | (£0.75) | 
|  |  |  |

_* Headline results are calculated before exceptional items and share option charges_

**Operational Highlights**

| ·    | Successful admission to trading on AIM on 28 June 2021, raising gross proceeds of £9.5 million. ** ** | 
| ·    | Revenue of £3.81 million, up 37 per cent. on 2020.** ** | 
| ·    | 26 new services client wins in the period, including ITV, Venture Crowd and Edyn.** ** | 
| ·    | Consolidation of existing services clients as a result of additional contract wins with Channel 4, Heineken and Dolce & Gabbana.** ** | 
| ·    | Significant technical development and enhancements of ‘4D’, Silverbullet’s contextual outcomes engine, including the delivery of a YouTube video solution.** ** | 
| ·    | 4D campaigns have been successfully delivered for several clients and global agencies, however 4D revenue has had a slower start than previously anticipated – largely due to the fact that Google has delayed its final phasing out of third party cookies by 12 months.** ** | 
| ·    | Further strengthening of strategic and technical teams with valuable new hires.  The senior management team was bolstered by the addition of Kristen Kelly as Chief Operating Officer.** ** | 
| ·    | Expansion of our 4D-focused US office and offering.** ** |

The Company intends to complete a fundraise imminently following the publication
of these results in order to bolster its balance sheet and support the growth of
Silverbullet’s 4D product sales during 2022.

> **Ian James, Chief Executive Officer of Silver Bullet Data Services, commented:**
> _“2021 was a transformational year for Silverbullet, with the completion of our
> IPO in June 2021. The Company has delivered strong performance in marketing services
> and is continuing to gain traction with our 4D offering._
> _“We are operating in a very exciting and relevant space.  The value of 1^(st)
> party data to clients and benefits of 4D, our contextual outcomes engine designed
> for a world without third-party cookies, gives us confidence that our prospects
> are very encouraging._
> _“Trading for 2022 has started well, with new customer wins and extensions of 
> existing contracts, as well as the new joint venture with Making Science which
> will create_ _new improved solutions for the privacy-first era._ _I look forward
> to the remainder of 2022 with optimism and we will be updating the market on progress
> in due course.”_

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