The SharePickers Podcast with Justin Waite

2557: James van den Bergh: Each company is doing incredibly well & forecasts are conservative


Listen Later

James van den Bergh, Chief Executive Officer of TruFin #TRU discusses their Trading Update for the year for the 12 months ended 31 December 2023 where he says each company is doing incredibly well the current forecasts showing 150% upside are conservative.

Financial Highlights
- Revenue is expected to be no less than £20.2m representing year-on-year growth in excess of 32%
- Adjusted EBITDA loss is expected to be ahead of prior expectations at no more than £(3.0)m, representing an improvement of more than 47% year-on-year.
- Cash at year end is no less than £9m, of which unrestricted cash is no less than £5.5m, and the Group is fully funded to profitability

Oxygen
- Number one position in the market in 2023 & profitable growth
- Scaling revenue and profitability in 2024 and beyond
- Early Payment clients purchased two or more products in 2023
- Pipeline exceeding 100 potential Early Payment clients

Satago
- Lloyds Banking Group existing Bank clients are expected to migrate during 2024
- First 'new to Bank' customer onto the platform. 
- Interest in its digitised proposition both from UK and overseas banks. 
- Revenue increased more than 70% to £3.8m. 
- The number of paying subscribers more than doubled to 967 (FY22: 430). Significant subscriber growth is expected to continue in 2024 and beyond.

Playstack 
- Launched three critically acclaimed games, The Last Faith, AK-Xolotl and CityScapes: Sim Builder. 
- It also secured six platform deals across five separate titles. 
- Revenue for 2023 was no less than £8.0m (FY22: £6.3m). 
- This was short of expectations due to platform deal delays. 
- Despite these delayed platform deals, Playstack achieved its target of EBITDA profitability in 2023 after postponing some budgeted costs to mitigate the impact of the revenue shortfall. 
- Playstack remains in advanced negotiations on the delayed platform deals. 
- In 2021, 85% of Playstack's revenue was generated from one game; in 2023 Playstack generated 85% of its revenue from eight games. 
- With a healthy back catalogue and a further six major games slated for release in 2024, this trend of revenue diversification is set to continue.

About Trufin 
TruFin plc is the holding company of an operating group comprising three growth-focused technology businesses operating in niche markets: early payment provision, invoice finance and mobile games publishing.
...more
View all episodesView all episodes
Download on the App Store

The SharePickers Podcast with Justin WaiteBy Justin Waite

  • 3.9
  • 3.9
  • 3.9
  • 3.9
  • 3.9

3.9

7 ratings


More shows like The SharePickers Podcast with Justin Waite

View all
The Meaningful Money Personal Finance Podcast by Pete Matthew

The Meaningful Money Personal Finance Podcast

87 Listeners

The Money To The Masses Podcast by Damien Fahy

The Money To The Masses Podcast

14 Listeners

Investors' Chronicle by Investors' Chronicle

Investors' Chronicle

15 Listeners

This is Money Podcast by This is Money

This is Money Podcast

34 Listeners

CONKERS' CORNER by CONKERS' CORNER

CONKERS' CORNER

2 Listeners

AJ Bell Money & Markets by AJ Bell

AJ Bell Money & Markets

13 Listeners

Which? by Which?

Which?

13 Listeners

On The Money by interactive investor

On The Money

5 Listeners

Fund Your Retirement Podcast by Lee Cleasby from Fund Your Retirement

Fund Your Retirement Podcast

8 Listeners

The Vox Markets Podcast by Vox Markets Podcast

The Vox Markets Podcast

2 Listeners

Switch Your Money On by Hargreaves Lansdown

Switch Your Money On

2 Listeners

Many Happy Returns by PensionCraft

Many Happy Returns

41 Listeners

UK Small/Mid Caps Podcast with Paul Scott by Paul Scott

UK Small/Mid Caps Podcast with Paul Scott

1 Listeners

Merryn Talks Money by Bloomberg

Merryn Talks Money

48 Listeners

Making Money by Most

Making Money

9 Listeners