Supply@ME Capital plc CEO Alessandro Gamboni and CFO Amy Benning joined Proactive’s Stephen Gunnion with details of a trading statement.
The inventory platform specialist expects to generate consolidated revenues of between £3.8 million and £4.9 million for the year to end-December 2021. The guidance is based on proposed fees that will be charged by the group and only includes those that are expected to meet the criteria for revenue recognition in 2021 in line with IFRS 15.
As a result, it expects a further similar amount to be deferred and recognised as revenue in 2022. The forecast for both consolidated and deferred revenues for 2021 includes platform monetisation and investment advisory fees.
