IN BRIEF: System1 shares soar as annual results to beat expectations
24th Jan 2024 11:00
System1 Group PLC - London-based marketing and brand consultancy - Enters the final quarter of its financial year ending March 31 with "good trading momentum". Expects to deliver results ahead of its prior expectations. Revenue is now forecast at GBP29 million for the year, up from GBP23.4 million the year before. Pretax profit is set to be "comfortable" above GBP2 million - which it says is "materially ahead" of consensus - and up from GBP700,000 in financial 2023. In its third quarter, revenue jumped 29% to GBP8.0 million, thanks to a 46% jump in Platform revenue. Read More