BIGG Digital Assets Inc BBKCF

BIGG's Trading Volume is Up Since the FTX's Collapse!

[JasleenDhaka]

BIGG Digital Assets's Trading Volume is Up Since the FTX's Collapse!

About our analyst: Siddharth Rajeev, B.Tech

 

 (Electronics Engineering), MBA (Finance), CFA

At Fundamental Research Corp, Sid heads the research department, covering over 415 small and micro-cap companies and over 115 exempts market/private issues from various industries, including Energy, Mining, Real Estate, and Technology.

Update on BIGG:

• At the end of September 2022, Netcoins had 176k users, up 5% QoQ. The platform has 183k users currently, exceeding our year-end estimate of 182k.

• Revenue from its B2B business (SaaS solutions for businesses/investigators/law enforcement) was up 21% YoY, and 4% QoQ. We continue to believe that this company’s B2B business differentiates it from other exchanges. By ramping up this business, this company should be able to stabilize revenue, partially offsetting the volatility of its trading platform.

• Customer Acquisition Costs (CAC) decreased 35% QoQ to $55 in Q3 (COIN – $21) vs our estimate of $80. As the CAC is higher than annualized revenue, we believe this company has to keep lowering its CAC to be profitable.

• This company is expanding into the U.S. this quarter. We consider this a good move as larger exchanges tend to be geographically diversified.

Explore more on BIGG Digital Assets Inc. in the full report: https://www.researchfrc.com/bigg-digital-assets-inc-cse-bigg-otcqx-bbkcf-wkn-a2ps9w-trading-volume-up-since-ftxs-collapse-final-report/?utm_source=stockhouse.com&utm_medium=Referral&utm_campaign=stockhouse.com&utm_id=BIGG+Digital+Assets+Inc.

*FRC provides issuer-paid coverage.
*Past performance is not indicative of future results.

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