Shares in SEEEN plc (AIM: SEEN) surged 29% on Thursday after the media technology group reported rapid revenue growth, a return to cashflow breakeven, and a confident outlook for the remainder of the year.
SEEEN, which leverages artificial intelligence to identify key moments in video content, reported 2024 revenues of $3.04 million, representing a 48% increase year-on-year. Growth accelerated further in the first half of 2025, with revenues rising more than 80% to $2.1 million.
The company also announced it had reached monthly operating cashflow breakeven, marking a key milestone in its financial performance.
Management cited strong demand from both technology and YouTube services customers, as well as progress towards what could become SEEEN’s largest ever contract, with an anticipated annual value of $3.5 million.
Chief Executive Adrian Hargrave said the company now has “a stronger customer pipeline” and expressed confidence in continued growth throughout the year.
