BrainJuicer revenue up 57%
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Online research agency BrainJuicer increased revenue 57% to £4.6m in 2006, preliminary results show.
The company, which began trading on the London Stock Exchange's Alternative Investment Market (AIM) in December, reported an operating profit of £477,000, excluding listing costs.
Profit after tax rose from a loss of £38,000 in 2005 to £291,000, excluding listing costs. Share issues generated net proceeds of £1m for the firm.
CEO John Kearon called 2006 “a very significant year” for BrainJuicer, with expansion into the US, considerable growth, and the stock market listing among the highlights. The firm described its performance as “strong” and in line with expectations.
The company, which now operates in the UK, the Netherlands and the US, derived 92% of its revenue from custom projects and 8% from omnibus sales.
Author: Robert Bain
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