BrainJuicer Reports Flat 2014 Revenue

UK-based research innovator BrainJuicer has announced a 1% increase in revenue to £24.6m in 2014. However, the firm said it had performed well in the US, where revenue increased by some 5%-6% on a constant currency basis.

In a pre-close trading update issued today, the firm said that despite flat overall revenue, its 'Juicy' quantitative products delivered growth of c.4%. This was largely offset by a decline in revenue from BrainJuicer's lower margin, qualitative 'Juice Generation' business, which it described as being 'particularly volatile in nature' and so not a good indicator of underlying progress.

BrainJuicer said its overheads had been 'well controlled' during the year. After factoring in a lower bonus pool than in 2013, and a 'modest charge' for share based payments, the company's pre-tax profits for 2014 are expected to be at least £4m, compared with £3.6m in the prior year.

The company, which is led by founder John Kearon (pictured), will announce its final results on 19 March.

Web site: www.brainjuicer.com .