Brave Bison Group expects to report net revenues of approximately £9.1m for the year to the end of December, ahead of forecasts, and an adjusted EBITDA loss of £0.9m which includes a forecast £0.4m foreign exchange loss (2016: £1.4m gain).
An update said: 'The group continues to move up the value chain, with an increased focus on production and branded content deals, resulting in higher-margin revenues.
'Although slower than originally anticipated, and therefore now expected to take somewhat longer to achieve profitability, it has resulted in a substantially reduced expected EBITDA loss for 2017 (2016: loss of £1.8m).
'At 30 November 2017, the Group had £4.1 million in cash and remains funded, on current expectations, to reach profitability.'
At 9:03am: (LON:BBSN) Brave Bison Group Plc share price was 0p at 0.93p