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Financial Highlights

Total Group FY23 revenue expected to be $2.1m (FY22: $3.3m).

37% of revenue was technology-related (FY22: 30%)

Recurring technology revenues of more than $0.2m (FY22: $0.1m)

Increased its customer base to 40 (2022: 21)

New customers are in growing vertical markets such as sports and services, e-commerce applications and publishing

Expanded Gross Margin above 20% (FY22: 15.2%)

Reflecting improving technology-led and higher margin CSP sales mix

Reduced Adj. EBITDA loss c.$0.6m (FY22: loss of $0.8m)

Cash, as at 31st Dec 2023, of $1.2m

one-off development costs of CreatorSuite 2.0

Successfully completed a fundraising in December 2022


Operating highlights

Released two new products in 2023

Leveraging their proprietary AI-led technology

Michael Zigman is proposed to be appointed to the Board as an independent non-executive director, replacing Akiko Mikumo.


Market Intelligence

First mover advantage in the AI-led video e-commerce space

Strong balance sheet at the end of FY23

Creator Suite2.0 well received by beta customers:

Doubling of Purchase Conversions:

Click through Rates of up to 25%

CAC down 67% in PPC Campaigns

Opportunity to add a new revenue stream for publishers leveraging the same video library by combining advertising with SVPs to drive sales

Integration of Key Video Moments with CRM systems to automate e-commerce

Strong balance sheet at the end of FY23

Deep and broad sales pipeline for FY24

Targeting cash flow breakeven in FY24

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