Silver Bullet Data Services Group PLC - provider of digital transformation services and products - Posts revenue of £5.8 million for 2022, up 53% from £3.8 million in 2021. Says the increase is primarily driven by growth in ‘data-driven transformation services business, providing data consultancy advice to numerous clients across the world’. Says its customer experience services division added 16 new clients. Pretax loss narrows to £7.5 million from £8.6 million, as gross profit rises to £4.2 million from £2.8 million a year earlier.

Chief Executive Officer Ian James says: ‘2022 was a year of considerable progress for Silverbullet. The services division of our business continues to underpin the group with both new clients and fast growth.’

Looking ahead, Silver Bullet says revenue in the first quarter of 2023 is £2.0 million, up significantly from the previous year. Says over 30% of revenue was produced in the US market, and the firm expects this momentum to continue.

Current stock price: 41.00 pence each

12-month change: down 62%

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