Reported Earnings • Oct 02
First half 2023 earnings released: UK£0.004 loss per share (vs UK£0.003 loss in 1H 2022) First half 2023 results: UK£0.004 loss per share (further deteriorated from UK£0.003 loss in 1H 2022). Revenue: UK£1.97m (down 3.8% from 1H 2022). Net loss: UK£5.02m (loss widened 83% from 1H 2022). Announcement • Oct 01
Bidstack Group plc Announces CFO Changes Bidstack Group Plc announced that Thomas Bullen (CFO) will step down from his role with immediate effect. The Company will commence a search for a successor. New Risk • Oct 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -UK£11m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£11m free cash flow). Share price has been highly volatile over the past 3 months (52% average weekly change). Earnings have declined by 16% per year over the past 5 years. Market cap is less than US$10m (€4.35m market cap, or US$4.60m). Minor Risk Shareholders have been diluted in the past year (40% increase in shares outstanding). Announcement • Oct 01
Bidstack Group plc Provides Revenue Guidance for the Fiscal Year 2023 Bidstack Group Plc anticipates that revenue for fiscal year 2023 will fall significantly short of previous market expectations, however due to improving gross margin and cost savings, EBITDA should be broadly in line. Announcement • Sep 29
Bidstack Group plc Announces Executive Changes Bidstack Group Plc announces that, following the recent announcements of Bidstack's evolution to placing its key focus on technology and sports licensing and moving to working more with resellers for the programmatic media sales, Camila Franklin (COO) has decided to step down from her role with immediate effect to focus on other business ventures. The Board would like to thank her for her contribution over the past 12 months. Announcement • Jul 18
Bidstack Group plc Announces Board Resignations Bidstack Group Plc announced that Donald Stewart, non-executive director, has informed the board that he has decided not to seek re-election as a director of the company and will step down from the board at the end of the company's Annual General Meeting on 21 July 2023 (AGM), to focus on his other business commitments. As a result of his decision, Resolution 5, to be proposed at the company's AGM, has been withdrawn. Glen Calvert, non-executive director, has also indicated his intention to resign as a director of the company, with effect from the end of the AGM, to concentrate on his other business interests. Mr. Calvert has agreed to make his expertise available to the company through the Bidstack Advisory Committee. Announcement • Jul 06
Bidstack Group plc Announces Directorate Changes Bidstack Group plc announced the letters have requested the requisitioned meeting to consider resolutions to remove Glen Calvert and Lisa Hau from office as directors of the Company and to appoint Nicholas Hargrave as a director of the Company. Announcement • Jun 21
Bidstack Group Plc, Annual General Meeting, Jul 21, 2023 Bidstack Group Plc, Annual General Meeting, Jul 21, 2023, at 09:00 Coordinated Universal Time. Location: We Work, The Hewett, 14 Hewett Street London United Kingdom Reported Earnings • Jun 21
Full year 2022 earnings released: UK£0.006 loss per share (vs UK£0.012 loss in FY 2021) Full year 2022 results: UK£0.006 loss per share. Revenue: UK£5.27m (up 101% from FY 2021). Net loss: UK£7.69m (loss widened 22% from FY 2021). Revenue is forecast to grow 76% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Media industry in Germany. Announcement • Feb 15
Bidstack Group plc Announces CFO Changes Bidstack Group Plc announced the appointment of Thomas Bullen as Chief Financial Officer for the Group. Bhavesh Hirani, current Interim Chief Financial Officer, will resume his role as Head of Finance. Thomas Bullen brings 20 years of finance experience in financial services and the fast-growing mobile advertising technology space. Thomas was most recently CFO at AdColony, the mobile advertising platform, leading a global team across the US, UK, Europe and India where he managed all finance and accounting functions. Thomas, alongside the executive team, led AdColony to a successful US$400m exit to Digital Turbine in 2021. Prior to AdColony, Thomas served at its publicly listed parent company, Opera Software, as a Financial Controller as well as working closely with the corporate development team on acquisitions and post-deal integrations. Subject to the necessary regulatory requirements, which remain to be completed, it is the Company's intention to appoint Thomas to the Board in due course. A further announcement will be made when appropriate. Announcement • Feb 13
Bidstack Group Plc Provides Revenue Guidance for the Fiscal Year 2023 Bidstack Group Plc provided revenue guidance for the fiscal year 2023. For the year, the company expects revenue to increase more than previously expected, for the Group's revenue to be significantly greater than fiscal year 2022 and materially weighted to the second half of the year. Announcement • Dec 30
Bidstack Group plc Announces Board Changes Bidstack Group Plc announced that Francesco Petruzzelli has informed the Board of his intention to resign from his position as Managing Director and to resign from the Board. Francesco will continue to be involved with the Company as a Strategic Adviser to the executive team. The Board announced the appointment to the Board of Doug Lowther as a Non-executive Director, and Camila Franklin (currently Chief Operating Officer) as an Executive Director. Doug currently serves as CEO of Irdeto B.V., widely regarded as the world leader in digital platform cybersecurity, since April 2015. Irdeto is a 13.5% shareholder in the Company following its £5 million strategic investment, as announced on 5 October 2022. Previously Doug was the President and CEO of International Datacasting and, prior to that, he served in various senior and executive roles within Irdeto based in Beijing and Amsterdam between 2004 and 2013. Camila has over 20 years of gaming and ad-tech experience. She has led engineering, product, operations and client facing teams. Camila was also named one of the Top Women Leaders in SaaS in 2020and was a Bronze Stevie Award winner for Woman of the Year in the business services industry in 2021. Prior to joining Bidstack, Camila served in various executive roles, including as COO, within AdColony between 2015 and 2022. Previously she has held senior roles within the US at Navio Systems, Tira Wireless, Device Anywhere, Antenna Software and Moovweb. Camila Maria Chamberlain Franklin (aged 42) is not currently and has not been a director of any company in the last five years. Camila Franklin is currently the holder of 13,965,000 LTIP awards exercisable at nominal value. Douglas William Herbert Lowther (aged 57) holds or has held the following directorships in the past five years: Current Directorships: Denuvo GmbH; Irdeto B.V. and certain of its subsidiaries; Questar Auto Technologies Ltd; West Hawk B.V. Previous Directorships: Saferide Technologies Ltd; UniqIC B.V. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Non-Executive Director Donald Stewart was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 13
Bidstack Group Plc Appoints Camila Franklin as COO Bidstack Group Plc announced the appointment of Camila Franklin as Chief Operating Officer (COO) for the Group. Lisa Hau, current COO and an Executive Director, will now focus more on Bidstack's strategy and corporate development, as Chief Strategy Officer, whilst remaining on the Board. Mrs. Franklin brings more than two decades of gaming experience to Bidstack. She was previously the COO at AdColony. During her tenure, she was instrumental in steering the business to a successful exit of $400m in 2021. Mrs. Franklin was also named one of The Top Women Leaders in SaaS in 2020and was a Bronze Stevie Award winner for Woman of the Year in the business services industry in 2021. Throughout her career, Mrs. Franklin has led engineering, product, operations, and client-facing teams. She is also well-versed in managing complex cross-platform interactions and relations with clients, end-users, internal team members, and external partners. Prior to AdColony, Mrs. Franklin held numerous leadership positions across the U.S. and Latin America at companies such as Blaze, Navio Systems, Tira Wireless, Device Anywhere, Antenna Software, and Moovweb. With deep sector knowledge, and more than 20 years of experience in the mobile marketing and advertising technology industry, Mrs. Franklin will operationalise and industrialise Bidstack's current growth ambitions, with Lisa turning her attention to strategy, corporate development and commercial partnerships. Announcement • Sep 20
Bidstack Group Plc Appoints Jude O'Connor as CRO Bidstack Group Plc announced that, as part of the implementation of its announced US growth strategy, Jude O'Connor recently joined the Company from AdColony to lead the Group's expansion plans in the USA and to oversee the Group's global revenue strategy. Jude's appointment focuses on recruiting professionals with significant experience in digital advertising and local US market knowledge. As a proven leader in the advertising sector, Jude is tasked with overseeing global revenue and growth in the region, while leading the Bidstack team across sales, publishing, marketing and strategy. He will look to assist with rapidly scaling Bidstack's local teams and steer a go-to-market strategy centred on educating the US market on Bidstack's pioneering and revolutionary in-game technology. With 20-years' experience in the technology sector, Jude joins Bidstack after more than seven years at AdColony, one of the world's largest mobile gaming monetisation platforms. During his AdColony tenure, he transformed the business into a two-time winner of AdWeek's Mobile Ad Network of the Year award before leading the company to a USD 400 million exit in 2021. Prior to entering the gaming market, Jude worked at Yahoo and AOL. Since Jude's appointment in August, the Group has identified and is in the process of making a number of additional hires. Reported Earnings • Aug 09
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up UK£2.89m from 1H 2021). Profit margin: (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Over the next year, revenue is forecast to grow 274%, compared to a 8.3% growth forecast for the industry in Germany. Announcement • Jun 17
Bidstack Group plc Announces Executive Changes Bidstack Group Plc announced the appointment of David Reeves to its Board as Chairman Designate. To ensure an orderly handover he will succeed Donald Stewart as Chairman on the 1st September 2022. In the meantime David will sit on the board as a Non-Executive Director. On David's becoming Chairman Donald will move to a Non-Executive Director role and will serve on the Audit and Remuneration Committees. David has over 30 years' global experience in senior management roles within multinational companies across the video games industry. He launched Sony PlayStation in Germany, Switzerland & Austria in 1995 and in 1999, he was appointed Executive Vice President of Sony Computer Entertainment (Europe) and President and CEO EMEA in 2003. In 2010, David was appointed as COO of Capcom (Europe). David has his own consulting Company DRC Consulting Ltd, is Co-Founder of E Fundamentals, a SaaS company providing e-commerce analytics services and is Chairman of Comcarde Ltd. David served as Senior Non-Executive Director and Chairman of the Remuneration Committee for AIM-listed Keywords Studios. Keywords Studios is an international technical services provider to the global video games industry, established in 1998. It provides integrated art creation, marketing services, game development, testing, localization audio and player support services across more than 50 languages and 16 games platforms to a blue-chip client base of over 950 clients across the globe. Following the completion of nine years' service as a Non-Executive Director he retired from this position on the 20thMay 2022. Dr David Alan Reeves (aged 75) holds or has held the following directorships in the past five years: Current Directorships: Autism UK Limited, Comcarde Limited, David Reeves Consulting Limited, E Fundamentals (Group) Limited, E Fundamentals (International) Limited, E-Fundamentals Ltd, Midgarth Residents Company Limited, Nas Services Limited and National Autistic Society (The). Previous Directorships: Keywords Studios PLC Sense, The National Deafblind And Rubella Association St. John Ambulance. Reported Earnings • Apr 28
Full year 2021 earnings released: UK£0.012 loss per share (vs UK£0.016 loss in FY 2020) Full year 2021 results: UK£0.012 loss per share (up from UK£0.016 loss in FY 2020). Revenue: UK£2.62m (up 55% from FY 2020). Net loss: UK£6.30m (loss narrowed 1.5% from FY 2020). Over the next year, revenue is forecast to grow 239%, compared to a 8.4% growth forecast for the industry in Germany. Announcement • Apr 28
Bidstack Group Plc Provides Revenue Guidance for the Year 2022 Bidstack Group Plc provided revenue guidance for the year 2022. For the year, the Board expects that revenues for Full Year 2022 will be considerably greater that Full Year 2021 but still significantly second half weighted. This is supported by significant revenue visibility underpinned by a 2-year minimum revenue guarantee. The phasing will reflect onboarding and ramping up of the contract throughout the year. Significant revenue visibility for FY22 and FY23 with contractually guaranteed minimum revenues of USD 30 million scheduled to arise over the next 24 months. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 6 new directors. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Chairman Donald Stewart is the most experienced director on the board, commencing their role in 2015. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Feb 08
Bidstack Group Plc Appoints Glen Ames as Chief Technology and Product Officer Bidstack Group Plc announced that Glen Ames has been appointed as Chief Technology and Product Officer. Glen is a global product and technology advisor with over 25 years of experience. He has spent 20 years in California's Silicon Valley, working at major technology companies including Nortel, Yahoo, AOL, AT&T and Turn. Glen has also worked with early-stage businesses, having sold two start-ups and worked for several pre-IPO high growth companies. He has 12 patents to his name. More recently Glen spent five years as CTO/CPO at Captify Technologies, a fast-growing digital media business with the independent publisher network in Europe. Under Glen's leadership, Captify built strong product, data analytics and engineering teams across multiple regions. As a result of his influential profile and track record of building highly scalable companies with innovative data systems, Glen was recommended to the Board to provide Bidstack with product and technology consultancy. The Board is pleased to have evolved this to a full-time appointment as the Company reinforces its capabilities for platforms and publishers. Executive Departure • Oct 06
CFO & Executive Director John McIntosh has left the company During their tenure, earnings grew by 29% annually compared to the industry average of 0.5%. On the 30th of September, John McIntosh left the company after 3.0 years in the role. As of June 2021, John still personally held only 750.00k shares (€18k worth at the time). A total of 2 executives have left over the last 12 months. Reported Earnings • Sep 05
First half 2021 earnings released: UK£0.007 loss per share (vs UK£0.012 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: UK£820.1k (up 199% from 1H 2020). Net loss: UK£2.89m (loss narrowed 7.3% from 1H 2020). Announcement • Jul 03
Bidstack Group Plc has completed a Follow-on Equity Offering in the amount of £10 million. Bidstack Group Plc has completed a Follow-on Equity Offering in the amount of £10 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 500,000,000
Price\Range: £0.02
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 30
Full year 2020 earnings released: UK£0.016 loss per share (vs UK£0.023 loss in FY 2019) The company reported a solid full year result with improved revenues and control over costs, although losses increased. Full year 2020 results: Revenue: UK£1.70m (up UK£1.56m from FY 2019). Net loss: UK£6.40m (loss widened 23% from FY 2019). Announcement • Feb 13
Bidstack Group Plc Teams Up with Moat by Oracle Bidstack Group Plc announced the first results of its collaboration with Moat by Oracle ("Moat"), sharing verified general invalid traffic ("GIVT") figures from a campaign featured in Football Manager 21 in the United Kingdom, and run by Dentsu's DGame on behalf of a leading global financial institution in January and February 2021. Moat's preliminary analysis of Bidstack's PC inventory compared to Moat's Global third quarter 2020 Display benchmarks suggests Bidstack's overall PC GIVT is currently performing ~3.5x better than the industry benchmark of 2.9% GIVT (Moat third quarter 2020 Desktop Display Benchmark), with more than 99% of observed impressions verified as GIVT free. Executive Departure • Feb 05
Independent Non-Executive Director has left the company On the 1st of February, Derek Wise's tenure as Independent Non-Executive Director ended after 1.6 years in the role. As of September 2020, Derek personally held only 250.00k shares (€14k worth at the time). Derek is the only executive to leave the company over the last 12 months. Announcement • Feb 01
Bidstack Group plc Announces Resignation of Derek Wise from the Board Bidstack Group Plc announced it has accepted the resignation of Derek Wise from the Board. The Board has agreed that Derek's resignation will take immediate effect to allow him to pursue other business interests.