Albert Technologies 'well positioned' after revenues soar

AI marketing platform Albert Technologies said it was "well positioned" going into 2019 after it saw revenues soar in its last trading year.

Albert Tech told investors on Tuesday that trading for the year ended 31 December 2018 had been in line with market forecasts - with the company delivering revenues in excess of 250% stronger than the previous year at $4.6m.

The AIM-listed firm, which expects to publish its fully audited results for the year towards the end of March, also said it was "well positioned" for continued growth in 2019.

At the time of its interim results, Albert said its performance had underlined the potential of its “ground-breaking” proprietary technology.

Chief executive Or Shani described Albert as a “disruptive” AI technology, potentially turning the established digital marketing economic model “on its head” by introducing a different cost structure in marketing departments as well as an enhanced performance from campaigns.

As of 1200 GMT, Albert Tech shares had slipped 7.50% to 25.90p.