SEEEN Plc (GB:SEEN) has released an update.
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SEEEN Plc reports a 60% gross profit increase and a 19% revenue rise for the first half of 2024 compared to the second half of 2023, attributing the growth to larger technology sales and a high-margin business model. The company’s momentum is evident with an annualized revenue run-rate of $4.5 million, marking a 100% increase from the previous year, and aims for cash flow breakeven within the next six months. Additionally, SEEEN successfully raised £0.8 million for investment in direct sales and expanding its Video Moment technology into the training market.
For further insights into GB:SEEN stock, check out TipRanks’ Stock Analysis page.
