Rise in Urbanimmersive's 3D tour demand Personnally, I don't care this much about the GMV. The CEO said multiple times that the GMV is the volume of transactions made by all marchants on the free CRM. Although it is a little correlated with revenus, the GMV is not revenu at all. It just means that UI customers were making less transactions with their clients using the UI CRM.
What I find encouraging right now (that the market doesn't seem to see) is the rising demand in 3D tours. Last wednesday to last friday, they were a total of 48 new tours in the gallery. Which is an average of 16 per day.
The average used to be 10 or less not so long ago. That's an increase of 60%. Maybe, the dollhouse has something to do with it. Although, this is just a small sample, I'm encouraged about were the business is going.
Let's say that make an average of 15 3D tours per day, if you do the math : 15 * $40 * 365 days, you come up with $219,000 of revenus from 3D tours. As you see, we still have a long way to go, but the fact that we see good growth is encouraging as this can go exponantial really quickly.
If we could get to 500 3D tours per day, it would bring $7,3M in revenus. That's when it will become really interesting.
Finally, some of you do not agree with the acquisition. Managment said it would bring aroung $600k of ebitda the first year. I think it was a good transaction. Plus, all the 3D tours that comes from EGP technovirtuel now pay $150 per tour instead of $40.