2557: James van den Bergh: Each company is doing incredibly well & forecasts are conservative

James van den Bergh, Chief Executive Officer of TruFin #TRU discusses their Trading Update for the year for the 12 months ended 31 December 2023 where he says each company is doing incredibly well the current forecasts showing 150% upside are conservative. Financial Highlights - Revenue is expected to be no less than £20.2m representing year-on-year growth in excess of 32% - Adjusted EBITDA loss is expected to be ahead of prior expectations at no more than £(3.0)m, representing an improvement of more than 47% year-on-year. - Cash at year end is no less than £9m, of which unrestricted cash is no less than £5.5m, and the Group is fully funded to profitability Oxygen - Number one position in the market in 2023 & profitable growth - Scaling revenue and profitability in 2024 and beyond - Early Payment clients purchased two or more products in 2023 - Pipeline exceeding 100 potential Early Payment clients Satago - Lloyds Banking Group existing Bank clients are expected to migrate during 2024 - First 'new to Bank' customer onto the platform.  - Interest in its digitised proposition both from UK and overseas banks.  - Revenue increased more than 70% to £3.8m.  - The number of paying subscribers more than doubled to 967 (FY22: 430). Significant subscriber growth is expected to continue in 2024 and beyond. Playstack  - Launched three critically acclaimed games, The Last Faith, AK-Xolotl and CityScapes: Sim Builder.  - It also secured six platform deals across five separate titles.  - Revenue for 2023 was no less than £8.0m (FY22: £6.3m).  - This was short of expectations due to platform deal delays.  - Despite these delayed platform deals, Playstack achieved its target of EBITDA profitability in 2023 after postponing some budgeted costs to mitigate the impact of the revenue shortfall.  - Playstack remains in advanced negotiations on the delayed platform deals.  - In 2021, 85% of Playstack's revenue was generated from one game; in 2023 Playstack generated 85% of its revenue from eight games.  - With a healthy back catalogue and a further six major games slated for release in 2024, this trend of revenue diversification is set to continue. About Trufin  TruFin plc is the holding company of an operating group comprising three growth-focused technology businesses operating in niche markets: early payment provision, invoice finance and mobile games publishing.