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RNS Number : 9557T Sosandar PLC 30 November 2021 Date : On behalf of : Embargoed until : Sosandar plc Half Year Results 30 November 2021 Sosandar plc ( ' Sosandar ' or ' the Company ' ) 0700hrs Half year revenue growth + 184 % , record autumn trading , with October and November the Company's first EBITDA positive months Trading ahead of full year market expectations * Sosandar PLC ( AIM : SOS ) , the online women's fashion brand , is pleased to announce its financial results for the six months ended 30 September 2021 and an update on current trading . Half Year Financial Highlights Revenue growth of 184 % to £ 12.2m ( H1 FY2021 : £ 4.3m ) , higher than the entirety of FY2021 Gross profit of £ 6.9m , a 207 % increase on the same period in the prior year ( H1 FY2021 : £ 2.24m ) EBITDA improved to a £ 0.99m loss against a comparative period in the prior year where spending was significantly reduced in response to the pandemic ( H1 FY2021 : £ 1.02m loss , H2 FY2021 : £ 1.9m loss ) Increase in gross margin to 56.5 % ( H1 FY2021 : 52.3 % ) Net cash of £ 7.4m as at 30 September 2021 ( 30 Sept 2020 : £ 4.5m , 30 June 2021 : £ 9.1m ) reflecting the equity fundraise in May 2021 , and subsequent investment in inventory in order to meet growing demand from all customers including third parties Half Year Operational and Strategic Highlights Ever increasing levels of customer engagement with all KPIs increasing YoY : o Active customers increased by 41 % to 191k o Conversion Rate of 3.91 % , up from 2.58 % in H1 FY2021 o Average order frequency increased by 19 % to 2.21 times per annum o Average order values maintained at £ 86 , alongside 153 % increase in orders Maintained a strong return on investment from marketing , with Cost per Acquisition ( CPA ) continuing at half the pre - pandemic level Continued expansion of the product range across all categories offering a broader choice to the customer with rapid sell through across all channels Strong trading with third parties M & S , Next and John Lewis across all product categories Post - period Trading Highlights Revenue for 1 October to 29 November up 120 % on the same period in 2020 , reflecting consecutive record months EBITDA positive in both October and November , demonstrating the Group's trajectory towards annual profitability Record number of website visits , orders and a conversion rate of 4.0 % in October Increase in stock purchased for autumn executed to plan Strong revenue from new and repeat customers as well as through third parties Product across all categories selling through rapidly with partywear , knitwear and outerwear particularly strong No material impact from supply chain disruption experienced to date , with a constant flow of stock to meet demand Cash at 30 October 2021 of £ 7.6m , demonstrating strong cash generation Trading ahead of market expectations for the full year H1 FY2022 KPIs ( Own Site ) Six months Sessions ended 30 Sept 2021 6,212,484 Six months ended 30 Sept Change 2020 3,713,318 67 % Conversion rate 3.91 % 2.58 % 51 % Number of orders 242,991 95,903 153 % AOV £ 85.86 £ 87.59 -2 % Active customers Average Order Frequency 191,424 135,426 41 % 2.21 1.85 19 % Page 1 of 7