BrainJuicer posts 'disappointing' results for final months of 2012

Online market research company BrainJuicer has unveiled an update on trading during the financial year ending December 31st, revealing disappointing results for the final months of 2012.

Online market research company BrainJuicer has unveiled an update on trading during the financial year ending December 31st, revealing disappointing results for the final months of 2012.

Trading during the final months of the year proved 'disappointing', the update stated.

Explaining the performance, the group pointed to the strong seasonal increase in revenue which the company had traditionally experienced during the final two months of the year, saying that in 2012 it had fallen significantly short of that in previous years.

Year-on-year revenue growth was 11% over the 10 months to October followed by a 25% year-on-year decline during November and December, leaving revenue for the full year just ahead of 2011.

The combination of disappointing revenues and significant cost increases as the company invested for future growth was expected to leave pre-tax profits for the year well below the £2.8m achieved in 2011.

2012 pre-tax profits are now anticipated to be approximately £1.5m, after the group takes into account one-off redundancy costs totalling £0.3m.

At the year end the company's cash balance was £3.7m, the same as in December 2011.

BrainJuicer's share price was down 4.11% to 210p at 10:47 on Thursday morning.

MF

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

Bitcoin: fool’s gold or the new gold?
Bitcoin

Bitcoin: fool’s gold or the new gold?

With bitcoin hitting new highs last week, and close to becoming a mainstream investment, is it really gold for the 21st century?
15 Jan 2021
Forget austerity – governments and central banks have no intention of cutting back
Global Economy

Forget austerity – governments and central banks have no intention of cutting back

Once the pandemic is over will we return to an era of austerity to pay for all the stimulus? Not likely, says John Stepek. The money will continue to …
15 Jan 2021
The MoneyWeek Podcast: bitcoin special
Bitcoin

The MoneyWeek Podcast: bitcoin special

Merryn talks to bitcoin experts Dominic Frisby and Charlie Morris to get the lowdown on the cryptocurrency to find out why it's such a huge global phe…
15 Jan 2021
Free 6 issue trial then continue to