SEEEN demonstrates strong revenue growth and expanding gross margin for 1H24 and beyond

SEEEN plc (AIM: SEEN), the AI-led media technology platform that delivers Key Video Moments and Shoppable Video Prompts to drive video commerce, has released its half-yearly report for the six months ended 30 June 2024, with an update on current trading and the outlook for the remainder of financial year 2024 and 2025. Revenue in the period increased 34% against 2H 2023, together with a 60% improvement in gross profit. Furthermore, the balance sheet was also strengthened during the period with a successful of £0.8 million fundraising to drive further investment in the direct sales team, product development for training purposes and building on its relationship with American Leak Detection. In this interview, investors will hear: - How the company met market expectations for the period - Which of the company’s products have helped the company achieve gross profit margins of approximately 30% - Why the company’s solutions are so value-add for digital marketing agencies that can’t be replicated by competitors - How SEEEN is investing in people and process to maintain lean operations - When the company estimates it will achieve positive cash flow on a monthly basis Reasons to add SEEEN to your Watchlist: - SEEEN perfectly positioned for the rapid growth in video consumption & commerce - Proprietary AI technology platform set to create valuable short form video - NextGen CreatorSuite 2.0 and ShortsCut AI technology ready for commercialisation - Deep new business pipeline with video ecommerce, sports clubs and publishing businesses - Positive news flow expected from new client wins, partnerships, JV’s and International reseller agreements - Strengthened balance sheet with positive cashflow, on a monthly basis, expected this year Adrian Hargrave, CEO of SEEEN plc was interviewed by Sarah Lowther for focusIR.