Shares in Seeen PLC closed up on Tuesday as the company reported revenue growth for 2024 and announced a new contract worth up to $3.5 million per year with a publishing house.
Seeen shares surged 54% to 5.00 pence in London on Tuesday.
The London-based media and technology platform said it expects full-year revenue to rise 50% to $3.2 million, up from $2.1 million in 2023. Adjusted earnings before interest, tax, depreciation, and amortisation loss is projected to narrow to $400,000 from $600,000.
The company said it reached operating cash flow breakeven in December 2024 and accelerated its annual revenue run rate to $5.0 million.
Also on Tuesday, Seeen announced a contract to manage a publishing house’s video and asset content library on YouTube, leveraging both its Creator Service Partner and technology offerings. The deal is expected to generate an initial $500,000 annually, with the potential to scale up to $3.5 million as more assets are included.
Chief Executive Officer said Adrian Hargrave said: ‘We are pleased with our progress across several dimensions: cross over into monthly operating cash flow breakeven; demonstrable ROI for customers that is differentiable in the marketplace; and traction from investors. We will reinforce these positive attributes throughout 2025 within the marketplace and communicate the great opportunity for shareholders regarding the Group’s journey and growth ahead.’
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