BRAVE BISON GROUP PLC – HALF YEAR REPORT

July 31st, 2017

 

Brave Bison Group plc

(“Brave Bison” or “the Group” or “the Company“)

 

Interim results for the six months ended 30 June 2017

Brave Bison Group plc (AIM: BBSN), the independent digital media & social video business, today announces its interim year results for the six months ended 30 June 2017. 

Financial Highlights 

·     Net Revenue of £6million for the period, at a substantially increased gross profit margin of 48% (1H 2016: 39%), through increased focus on high margin business

·     Achieved positive Adjusted EBITDA of £64k for the period  (1H 2016 negative Adjusted EBITDA  of £839k)

·     Cash balance at end of period of £5.3m

Operational Highlights

·     Business momentum has been driven by six figure branded content deals

·     Investments made in high growth opportunities, including Rebel FC

·     Costs efficiency measures included the creation of Yellowstone Studios and centralising of operations in two major hubs, London and Singapore.

·     New CEO Claire Hungate appointed, to commence role in August 2017 

 Kevin Deeley, Chief Operating and Finance Officer, commented:

“When I agreed to take on the responsibilities of the Chief Executive Officer in January this year, it was with the aim of bringing some stability to this promising, innovative and creative business while a permanent CEO was sought. The financial results for the first half of the year demonstrate that Brave Bison has the potential to deliver strong performance by focussing on high-value activity as a producer and broadcaster of social video. I wish our new CEO Claire Hungate the very best as she takes on the leadership of this exciting business.”

The full report is available here 

For further information please contact:

Brave Bison Group plc

Sir Robin Miller (Chairman)

Kevin Deeley (Chief Operating and Finance Officer)

 

 

via FTI Consulting

Stockdale Securities Limited

Richard Johnson / Andy Crossley

 

 

Tel: 020 7601 6100

FTI Consulting

Rob Mindell / Charles Palmer

 

 

Tel: 020 3727 1000

This announcement contains inside information as defined in EU Regulation No. 596/2014 and is in accordance with the Brave Bison obligations under Article 17 of that Regulation.