Q2 Results Showing Solid Growth - 79% YOY growth in revenues compared to last year’s Q2 ($262,774 -> $470,732), and 37% growth looking at the 6-month revenues.
- Expenses and net losses grew. Though it was mainly due to the IPO by applying pre-RTO funds for vendor scale-up and new staff hires.
- Completed a $6M brokered private placement financing.
It’s great to see the YOY growth as they continue to expand the business. For those who don’t know, $JPIM.V is a company that offers product information management technology to assist e-commerce stores to manage and merchandise their products to sell more and become more efficient by centralizing product information. And this is an increasingly growing space as many companies continue to transform toward an e-commerce focused sales process (the market size was valued at $9.90 billion in 2019, and is projected to reach $59.25 billion by 2027, growing at a CAGR of 25.2% from 2020 to 2027).
https://www.alliedmarketresearch.com/product-information-management-market
Additionally, the $6M financing proceeds towards sales and marketing acceleration, expansion into new marketplaces, and continued product innovation. This means that as they're beginning to focus on growing more aggressively we should see even more revenue growth in the coming quarters and considering the $17M market cap, this is definitely an undervalued play at these levels.