System1 (GB:SYS1) has released an update.
System1 Group PLC announced a robust start to FY25 with a significant 53% increase in Q1 revenue, reaching £9.5m, driven by a 74% surge in Platform Revenue and substantial growth in the US market. Despite a dip in non-platform consultancy services, the company maintained a high gross profit margin of 87% and secured over 75 new clients, indicating a strong trajectory for future growth. The CEO expressed confidence in meeting the year’s full expectations, underpinned by the promising first-quarter performance.
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