SBDS

Silver Bullet Data Services Group PLC

Technology First-pass screen £3.92m

530/1000 Overall fit

AI beneficiary 35% 70

Operating leverage 25% 64

Valuation 25% 30

Downside protection 15% 35

First-pass take

AI-driven ad tech with rapidly scaling 4D product (20% YoY, 59% Q1 growth) showing extreme operating leverage (46% data revenue growth, zero incremental sales spend). EBITDA positive Q4 2024. Still loss-making overall (£3.04m pre-tax), £4.15m net debt, high customer concentration (top 3 = 55%), no disclosed valuation upside.

Flags

ai-productloss-makinghigh-customer-concentrationnet-debtmicro-capno-valuation-data