Aferian plc Announces Financial Turnaround and New Adviser Appointment

The latest announcement is out from Aferian plc ( (GB:AFRN) ).

Aferian plc reported a significant financial turnaround for the year ending 30 November 2024, with expected full-year revenue of approximately $26 million, driven by a 13% increase in second-half revenue compared to the first half. Both its business units, Amino and 24i, achieved EBITDA positivity and cash flow generation in the latter half of the year. The company has secured strong future revenues due to contracted orders and recurring revenue, indicating continued momentum into 2025. Aferian also appointed Zeus Capital Limited as its new Nominated Adviser and Broker.

More about Aferian plc

Aferian plc is a B2B video streaming solutions company that provides end-to-end solutions for delivering live and on-demand video content across various screens. The company’s focus is on creating innovative, consumer-centric solutions that enhance subscriber engagement and audience satisfaction while fostering revenue growth. Aferian operates globally with headquarters in Cambridge, UK, and is listed on the London Stock Exchange’s AIM market.

YTD Price Performance: -68.29%

Average Trading Volume: 182,607

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £3.61M

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