Smarkets revenue and profit fall significantly for 2018
Revenue fell 42% year-on-year to £11.9m ($14.6m), with Smarkets generating £20.6m in 2017 and £24.9m in 2016. Gross profit also fell 58% to £7.3m, with cost of sales up 35% to £4.6m. Overall, the company recorded an £8.9m loss for the financial year. That said, the number of customer deposits held rose 71% to £28.8m […]
Smarkets revenue and profit fall significantly for 2018 Read More »