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Brave Bison net revenues ahead of forecasts

By BFN News | 09:03 AM | Thursday 07 December, 2017

Brave Bison Group expects to report net revenues of approximately £9.1m for the year to the end of December, ahead of forecasts, and an adjusted EBITDA loss of £0.9m which includes a forecast £0.4m foreign exchange loss (2016: £1.4m gain). An update said: 'The group continues to move up the value chain, with an increased focus on production and branded content deals, resulting in higher-margin revenues. 'Although slower than originally anticipated, and therefore now expected to take somewhat longer to achieve profitability, it has resulted in a substantially reduced expected EBITDA loss for 2017 (2016: loss of £1.8m). 'At 30 November 2017, the Group had £4.1 million in cash and remains funded, on current expectations, to reach profitability.' At 9:03am: (LON:BBSN) Brave Bison Group Plc share price was 0p at 0.93p Story provided by

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