StockMarketWire.com - Video analytics provider Big Sofa Technolgoy said first-half revenues grew by more than 70% amid material growth in commissions, the closer integration with Ipsos, and new client additions.

First-half revenues increased 70% to £1.1m following the appointment of Kirsty Fuller as CEO in November and the restructuring of the business at the end of 2018.

Commissions for the year currently total £1.7m, this included £1.1m of commissioned work that had been recognised in first-half revenue. Total commissions in 2019 already equal the total revenue delivered in 2018 and represented a 62% increase on commissions at the same time in the prior year.

This progress has been achieved on a materially lower cost base compared to 2018, the company said.

'We now enter the second half of the year with confidence and momentum. I fully expect to deepen the Ipsos relationship further whilst securing new revenue streams with strategic client wins,' it added.




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