- Revenues: Q1: £1.269 (+60.09% Q-on-Q)
- 3 new hires - project management, IT and executive
- Reviewing push into crypto and equities
- Launched Cyprus office - to support regulatory services in the EU
2022
Q1
Q2
- Q-on-Q results - revenues: Q2: £787k (-37.5% Q-on-Q)
- B2B revenue H1 ‘22: £768k (+55.6% H-on-H)
- AM revenue H1 ‘22: £1.35m (+5.84% H-on-H)
- 4 new hires - in Cyprus - regulation required to operate in EU
- Added x4 new brokers during period - in line with targets
Q3
- Q3: £777k (-1.28% Q-on-Q)
- B2B revenue Q3 ‘22: £420.9k (+14.2% Q-on-Q)
- AM revenue Q3 ‘22: £356k (-14.94% Q-on-Q)
- Added x3 new brokers during period - in line with targets
Q4
- Q4: £1.02m (+31.62 Q-on-Q)
- New office in Slovenia (Thai/Malay office under consideration in ‘23)
- Added x4 new brokers during period - in line with targets
- B2B revenue Q4 ‘22: £491.5k (+16.79% Q-on-Q)
- AM revenue Q4 ‘22: £532k (+49.12% Q-on-Q)
2021
Q1
- Growth continues (Q on Q results) - revenues: £504,923 (+193.83% Q-on-Q)
- Pelican AM contributed substantial revenue in March - distorting figures
- Cost base is now higher: £131,904/quarter - hiring and investing in IT infrastructure
- We won four new clients, three of which should grow to add substantial trade flow
Q2
- Growth continues (Q on Q results) - revenues: £578,324 (+14.54% Q-on-Q)
- Pelican AM and B2B = core revenue streams
- Adjusting B2B contracts to gain exposure to volumes traded
- Cost base is now higher £150,281/quarter
- Cost base is now higher £150,281/quarter
Q3
- Growth continues (Q on Q results) - revenues: £1,061,496.87 (+83.55% Q-on-Q)
- Started process of consolidating all revenue via B2B
- Partial success adjusting B2B contracts to gain exposure to volumes traded
- Cost operational cost base is now higer/ £231,331/quarter
Q4
- Revenues: Q4: £788k (-25.7% Q-on-Q)
- Launched new off-set trades feature
- Consolidated all revenue streams into B2B and Pelican AM
- Partnered with largest broker globally
2020
Q1
- Growth continues (Q on Q results) - revenues: £113,138 (+34.25%)
- Trade volumes/rebates spiked due to exceptional period of volatility
- Gross user numbers reduced - clearing out of inactive accounts - focus on high quality clients
Q2
- Growth continues (Q on Q results) - revenues: £148,633 (+31.3% Q-on-Q)
- Continuation of pattern - Pelican AM + B2B majority revenue generators forming revenue base
- Cost base marginally lower: £62,833/quarter - managed to squeeze lower
Q3
- Quarter revenues fractionally down on Q2 - revenues: £144,859 (-2.54% Q-on-Q)
- Reduction in AM revenue - supplemented by an increase in B2B activity
- Cost base static: £67,406/quarter
Q4
- Growth continues (Q on Q results) - revenues: £171,840 (+18.6% Q-on-Q)
- Focus continues on - Pelican AM + B2B majority revenue generators forming revenue base
- Cost base marginally lower: £65,656/quarter - no hiring during pandemic
- South East Asia, Africa and South America = growth hubs
2019
Q1
- Record quarterly revenues of £69,643 (+62% on previous quarter)
- Cost base flat: £122,742/quarter
- Recorded record month of revenue in Jan: £28,007 (+505% vs Jan ‘18)
Q2
- 13 new brokers added to the Pelican network including FX Pro and Axi Trader
- Cost base down: £100,158/quarter
- Record results for Pelican AM (auto-copying) - £19,263 revenue
Q3
- Improved Q on Q results - revenues: £64,132 (+15.31%)
- Pelican AM proving a valuable revenue stream
- Cost base down again further: £94,069/quarter
Q4
- Rcord Quarterly revenue £84,273 (Q on Q growth 31%)
- H2 ‘19 revenue £148,405 (+18% vs. previous half)
- Broker partners at all time high