By Elric Langton and Alex Langton | 22 April 2024
Brave Bison Group plc has elegantly navigated the fiscal waters to emerge with impressive results for the year ending December 31, 2023. The company reported a robust 23% year-over-year growth in net revenue, which scaled to £20.9 million, and a significant 42% surge in adjusted EBITDA to £4.3 million. These figures underscore a narrative of sustained upward momentum bolstered by strategic foresight and robust operational execution. However, the markBison’snot seem to be too impressed, with the shares closing down 11.50% (13.98% Stockopedia price) at 2.40p, slightly up on our 2.20p, but off their recent peak of 2.85p, it is nevertheless a good result, with more to come, I suspect.
CentraBison’save Bison’s success story this year was the acquisition of SocialChain, a masterstroke that broadened its digital reach and enhanced its appeal to a younger, more digitally native audience-which rules me out! This move has fortififirm’sve Bison's portfolio with high-calibre clients like LinkedIn and Holland & Barrett, although the latter need to be watch carefully, because it has a history of late payments, which could created a profit warning scenario where tight margins and cash runway is a concern. It highlights its enhanced capability to stitch together compBison’sve digital advertising strategies that resonate on emerging platforms.
Financially, the firm’s understanding is reflected in the sharp uptick in critical metrics such as adjusted profit before tax, which climbedcompany’s3.6 million. Such a metric illustrates effective cost management amid acquisition-related expBison’snmanagement’san efficient leveraging of operational capacitcompany’sstors and market analysts observing Brave Bison’s trajectory will likely note the potential for sustained growth. Integrating groundbreaking tools like GPT-3 for generating brand-safe content and a professional services automation platform aligns with the company’s strategic pivot towards higher operational efficiency and scalability.
Turning over to Alex because he loves the to crunch the numbers;