Emerge Commerce Ltd V.ECOM

EMERGE Reports Strong Preliminary Q4 2021 Results

[Betteryear2]

• Q4 2021 Revenue expected to be between $14.2M and $14.8M, year-over-year increase of over 491%
• Q4 2021 Adjusted EBITDA(1) expected to be between $1.1M and $1.4M, year-over-year increase of over 1,000%

TORONTO, February 9, 2022 /CNW/ - EMERGE Commerce Ltd. (TSXV: ECOM) ("EMERGE" or the "Company"), a diversified acquirer and operator of niche e-commerce brands, today announced preliminary unaudited financial results for the fourth quarter ended December 31, 2021. 

Preliminary Q4 Financial Highlights:

• Gross Merchandise Sales ("GMS")(1) is expected to be approximately $26 million in Q4 2021, an increase of over 213%, compared to $8.3 million in Q4 2020
• Revenue is expected to be between $14.2 million and $14.8 million in Q4 2021, an increase of over 491%, compared to $2.4 million Q4 2020
• Gross profit is expected to be between $5.9 million and $6.3 million for the fourth quarter of 2021, an increase of over 200%, compared to $1.9 million in Q4 2020
• Adjusted EBITDA(1) is expected to be between $1.1 million and $1.4 million for Q4 2021, a significant increase of over 1,000%, compared to $0.1 million in Q4 2020

[Guerreiro8]

Great potentiality here based on this report the stock is trading at a big discount to it's revenue expectations. I am keeping a very close eye on this baby, We may see it over $1 soon, plus possibly pay dividends in time. A few brokerage firms are recommending it as a buy, which is a good sign, great fundamentals with a very professional management team creating value for the shareholders.

[KerBer]

Canaccord have a buy recommendation with a target of $1.20.