Trading Update

RNS Number : 0877B

System1 Group PLC

09 February 2022

 

9 February 2022

System1 Group PLC (AIM: SYS1)

  ("System1", or "the Company", or "the Group")

Quarterly Trading Update

System1, the marketing decision-making platform, intends to issue quarterly updates for Q1 and Q3 of each year based on unaudited numbers. These updates are intended to keep investors informed of the Company's performance between the interim and final trading updates and results announcements. System1 today issues the following update on trading for the quarter ended December 2021 (Q3).

Revenue in Q3 rose 8% on the comparable period last year to £6.5m, and Data products represented 43% of the quarter's revenue.

Year-to-date revenue to the end of Q3 was 17% higher than the prior year at £18.9m, and

Data revenue represented 39% of the year-to-date total (H1: 36%).

Period-end cash, net of borrowings, was £8.1m, compared with £6.5m at end-March 2021.

Profitability was in line with management's expectations and reflected an increase in expenditure on people and platform as highlighted in the interim results announcement.

The Company can be found at www.system1group.com .

This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement, this information is now considered to be in the public domain.

For further information, please contact:

System1 Group PLC	Tel: [phone]
John Kearon, Founder and Chief Executive Officer
Chris Willford, Chief Financial Officer
Canaccord Genuity Limited	Tel: [phone]
Simon Bridges / Andrew Potts

 

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