System1 Group (SYS1)

Sector:

Media

Index:

FTSE AIM All-Share

 435.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 460.00
  • 52 Week Low: 168.50
  • Currency: UK Pounds
  • Shares Issued: 12.89m
  • Volume: 14,745
  • Market Cap: £56.06m
  • Beta: 0.01

System1 reports 'marked increase' in first-half sales

By Josh White

Date: Wednesday 20 Oct 2021

LONDON (ShareCast) - (Sharecast News) - System1 said on Wednesday that the first half of its financial year saw a "marked increase" in sales of automated data products, including 'Test Your Ad'.
The AIM-traded firm said data products represented 45% of revenue in the second quarter, growing from 28% in the first, with data revenue in the second quarter exceeding the first despite a quarter-on-quarter reduction in total group revenue.

It said the group's first half revenue grew 22% on last year, to £12.3m.

Adjusted operating costs grew as planned, as the group continued to invest in automated products, technology and business development, rising by 10% over the comparable period to £9.0m.

System1 said adjusted pre-tax profits were expected to be around £1.3m in the first half, approximately £0.9m higher than in the comparable period.

Statutory pre-tax profits were expected to be £1.3m, compared with a loss of £0.4m in the first half of last financial year.

Period end cash, net of borrowings, totalled £7.3m, compared with £6.5m at the end of March.

"We have been delighted by the continuing adoption by both new and existing customers of System1's repeatable, fast-turnaround and scalable data products as they displace the historic large bespoke consultancy projects that dominated the group's activity until the second half of last year," the board said in its statement.

"We believe that the growth in data revenues signals tangible progress towards our strategic goals, and that these revenues will in due course more than offset the reduction in bespoke consultancy projects as more customers switch to using our automated data products."

In line with previous announcements, System1 said it intended to initiate a share buyback programme after its interim results announcement, repurchasing shares over an extended period to enhance shareholder returns and to satisfy obligations over employee share schemes.

System1 said it would announce its interim results for the six months ended 30 September on 30 November.

At 1332 BST, shares in System1 Group were up 11.4% at 278.5p.

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System1 Group Market Data

Currency UK Pounds
Share Price 435.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 460.00
52 Week Low 168.50
Volume 14,745
Shares Issued 12.89m
Market Cap £56.06m
Beta 0.01

System1 Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.04% below the market average74.04% below the market average74.04% below the market average74.04% below the market average74.04% below the market average
84.31% below the sector average84.31% below the sector average84.31% below the sector average84.31% below the sector average84.31% below the sector average
Price Trend
97.50% above the market average97.50% above the market average97.50% above the market average97.50% above the market average97.50% above the market average
93.22% above the sector average93.22% above the sector average93.22% above the sector average93.22% above the sector average93.22% above the sector average
Income Not Available
Growth
43.14% above the market average43.14% above the market average43.14% above the market average43.14% above the market average43.14% above the market average
66.04% above the sector average66.04% above the sector average66.04% above the sector average66.04% above the sector average66.04% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

System1 Group Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Nov-19 04-Jul-19
Paid 13-Dec-19 02-Aug-19
Amount 1.10p 6.40p

Trades for 20-Jan-2022

Time Volume / Share Price
16:23 5,000 @ 430.00p
16:23 5,000 @ 430.00p
15:25 575 @ 434.40p
12:23 1,060 @ 435.50p
10:17 1,772 @ 434.40p

System1 Group Key Personnel

Chair Graham Blashill
CFO Chris Willford

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