Bonkers Bargain updates and more
Bonkers Bargains covered in our update here appear to be doing all the right things and the shares of one are already meaningfully up on our original research, but there is still plenty of potential for them to go a lot higher.
Bidstack: still tiny but growing fastBidstack Group (LON: BIDS), the native in-game advertising platform, announced that revenues had exceeded expectations for the year ending 31 December 2020. Revenues are anticipated to be approximately £1.70m, up significantly from the rather modest £140k generated in 2019 but still not very meaningful. With plenty being ploughed into development and marketing the pre-tax loss was £7.18m (2019: £5.36m) and the current cash resources of c.£2.76m are therefore probably going to need topping up soon. Over the second half of 2020 Bidstack's sales network has ramped up significantly in core markets with a focus on…