GCIFadel Partners achieves $5.3m revenue in H1, reflecting strong market demand and client wins
Unfortunately, generative AI tools like Google's Gemini, Meta's Llama and ChatGPT have a dark side. You see, when deployed by bad actors, they can be used to create swarms of deep-faked digital images, audio and videos that pose huge threats to brands, celebrities, authors and publishers.
Luckily, () - a royalty management, brand compliance, and media content software developer - has the answer.
Indeed, by using its Brand Vision platform, IP owners at the touch of a button can now detect illegal and offensive online content in super quick time, enabling them to take down the material and protect their brands.
In fact, so good is 's technology, that in today’s 'in line' H1'24 results (re turnover $5.3m, 53% gross margin and $2m net cash), Brand Vision posted an 18% jump in sales to $1.2m, 33% higher ARR, and an increase in customer numbers from 9 in Dec'23 to 11 by Jun'24 - including a recent contract win with luxury cosmetics firm L’Oreal and an expansion for Philip Morris.
But that's not all.
The world has entered a new era of consuming media, education, music, video and professional content. The pandemic only accelerated this trend as evidenced by the exponential growth in streaming and subscription services.
The problem for publishers is efficiently handling this data explosion that is often created by thousands of external 3rd parties that each require payment and partnership management, in turn necessitating the deployment of sophisticated software in order to automate this otherwise manual process.
Enter Fadel's IP management and media content software, which already serves a host of blue-chip clients such as Hasbro, Whirlpool, Marvel, Sanofi, Coca Cola and Pearson.
Announcing too today that it had signed 2 more customers - the American Hospital Association and Wow! Stuff with the latter adopting 's cloud enabled LicenSee platform, which comes 'straight out the box' and is aimed at small/mid sized businesses.
Regarding the numbers, house broker Cavendish has this morning reiterated its H2'24 weighting and 260p target price, based on FY'24 turnover, gross margin, adjusted EBITDA and net cash coming in at $14.8m ($14.5m LY), 65.5% (62%), -$2.3m (-$1.7m) and $1.3m ($3.0m) respectively - yet equally recognising the risks of longer sales cycles, the timing of revenue recognition, and the recent loss of a $0.3m ARR PictureDesk customer.
CEO Tarek Fadel commenting: "Looking forward, FADEL is trading in line with revised market expectations. We expect a similar H2 weighting as in FY23 (37%:63%). This is expected to result in positive H2’24 adjusted EBITDA and a reduced LBITDA for FY24".
Lastly, the group currently employs 93 staff in Beirut, Lebanon. Hence, given the ongoing conflict in the region, headcount at its Jordanian office has been increased, with spillover capacity also available in India if required.
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