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LONDON - Silver Bullet Data Services Group plc (AIM:SBDS) reported a 12% increase in revenue to £9.37 million for the year ended December 31, 2024, according to a press release statement issued Monday.
The AI-driven digital transformation services provider saw its 4D revenue grow by 20% to £3.37 million, primarily driven by demand in the U.S. market. Services revenue increased by 8% to £6.0 million.
The company reduced its headline loss before tax by 9% to £2.94 million, while reported loss before tax decreased by 12% to £3.04 million. Loss per share improved by 15% to £0.17.
Silver Bullet achieved its previously stated goal of reporting positive EBITDA during the fourth quarter of 2024. The company noted that U.S. and globally operating clients now account for more than 60% of total group revenues.
For the first five months of 2025, unaudited group revenue grew 13% to £4.03 million compared to the same period last year. The company’s 4D revenues in Q1 2025 increased by 59% compared to Q1 2024.
Post-period highlights include securing a two-year contract worth a minimum of $1.5 million with a global retailer and winning new contracts with global beverage and FMCG brands.
The company also completed a fundraising of £3.3 million through new convertible loan notes, loan notes, a subscription and a WRAP Retail Offer. As part of this financing, Silver Bullet restructured and consolidated existing convertible loan notes into new three-year notes.
Silver Bullet completed integration of its 4D AI with a global demand-side platform, enabling contextual targeting capabilities across connected TV, online video, and display advertising.
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