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Brave Bison says performance ahead of expectations; touts maiden positive earnings

By BFN News | 08:53 AM | Wednesday 05 December, 2018

Social video company Brave Bison Group said it expected to deliver positive annual earnings after revealing that performance was ahead of expectations driven by increased advertising and distribution revenues. For the year ended 31 December 2018, the company forecasts double-digit percentage growth in revenues year-on-year and said it expected full-year adjusted earnings (EBITDA) would be positive for the first time since the group listed on the London Stock Exchange. At 30 November 2018, the group had £5.1m in cash and cash equivalents and no overdraft or other borrowings. '2018 is on track to be a year of real progress, which we expect to be reflected in an improved financial performance when we announce our results. Revenues are growing, our full-year EBITDA will be positive for the first time since the Group came to market and we expect to be cash flow positive,' said Claire Hungate, Chief Executive Officer, Brave Bison. 'Our APAC operation continues to demonstrate creative ideation, execution and delivery, winning them repeat business and retained relationships with major household brands.' At 8:53am: (LON:BBSN) Brave Bison Group Plc share price was +0.2p at 1.9p Story provided by

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