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SEEEN plc – emphasises “significant customer win” and “confident”. What about that cash burn?

SEEEN plc (SEEN) has issued a “Trading Update, Customer Win and Board Change” announcement including emphasising “a significant customer win expected to be worth approximately $1m in annual revenues, which reinforces how SEEEN's Key Video Moments technology positions it well to benefit from a shift in emphasis for all Multi Channel Networks driven by YouTube”. So what of a muted share price response to 5.75p, a £5.4 million market cap?

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Seeen (#SEEN) – 2022 even adj. EBITDA loss, customer win, director Charles Burdick resigns

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SEEEN plc – “pleased to confirm” fundraising. It sure about that?

On a no one watching o’clock day, media and technology platform company SEEEN plc (SEEN) has stated that it “is pleased to confirm… the fundraising has raised total gross proceeds of approximately £2.6 million. The net proceeds of the fundraising are intended to be used by the group primarily to bolster the sales and marketing team and invest into technology development projects to support its planned next stage of growth”. Hmmm, and what of a share price now of 6.5p?

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SEEEN plc – board changes “to build on the company's momentum”, Er...

Previously writing on “video optimisation platform company” SEEEN plc (SEEN), in August with the shares down to 44p I concluded cautiously with that there looked much potential already discounted by the valuation. What now after it “pleased to announce a repositioning of roles for executive members of SEEEN's board and other proposed appointments to build on the company's momentum with respect to customer wins and its recent strategic partnership with Kinetiq, Inc.”, but the shares further down... to 16.5p!?...

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SEEEN plc – trading update, video technology ‘huge potential’?...

Self-styled “global media and technology platform that offers proprietary AI products and solutions to harvest video moments” SEEEN plc (SEEN) has made a trading update emphasising “rapid growth of demand for relevant short form video” as it is “shifting from product development to sales and marketing”. With also the shares down from above 50p reached in May to 44p, opportunity?...

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SEEEN (#SEEN) – H1 still adj. pre-tax loss $0.9m, cash $3.9m

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SEEEN (#SEEN) – argues progress and “have cash resources on hand to execute our Go-to-Market plan”… but provides no financial specifics