Revenue Growth +23.92%This is a tiny micro-cap at $10.5 market cap. It is just 2 pennies away from being Free Cash Flow positive.
If you buy this one, it's highly speculative certainly could be a good short term money maker if the markets tune in. TotalSocial is getting good press.
2018-05-30 10:16 ET - News Release
Mr. Ed Keller reports
ENGAGEMENT LABS REPORTS Q1 2018 RESULTS
Engagement Labs Inc. has released results for its first quarter ended March 31, 2018. The results are in line with the preliminary Q1 results released by the company on April 27, 2018. Condensed interim consolidated financial statements and management's report are available on SEDAR.
First quarter financial highlights:
- Revenue of $998,536 for Q1 2018 represents a 24-per-cent increase versus Q1 2017 ($805,820).
- Gross margin increased to 48 per cent in Q1 2018 from 36 per cent in Q1 2017;
- Operating expenses before extraordinary items increased 28 per cent, or $364,111, versus Q1 2017. The increase reflects management's commitment to invest in sales and marketing to drive TotalSocial technology sales growth, including the hiring of a chief revenue officer in late December;
- Non-GAAP (generally accepted accounting principles) adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) loss of $925,769 for Q1 2018, representing an improvement of $123,438 compared with negative $1,049,207 for Q4 2017, and a decrease of $200,637 compared with negative $725,132 for Q1 2017;
- Basic and diluted loss per share was one cent for Q1 2018, compared with two cents for Q1 2017;
- As at March 31, 2018, the company had cash (excluding restricted cash) of $1,456,421, compared with $2,677,049 as of Dec. 31, 2017.
"Revenue growth is a key priority for Engagement Labs in 2018, and we began investing in Q4 to drive sales, including the hiring of a chief revenue officer to build out our sales organization," said Ed Keller, chief executive officer of Engagement Labs. "I am therefore pleased to report the 24-per-cent revenue growth year over year, which I see as clear evidence that our TotalSocial product is gaining acceptance in the marketplace. Further, our clients span nine different vertical sectors, demonstrating its broad appeal."
Recently, Engagement Labs released an update on the performance of TotalSocial in the 18 months since its launch, including the fact that over $7.3-million in TotalSocial contracts have been signed with a diverse group of Fortune 500 companies and brands in nine sectors.
About Engagement Labs Inc.
Engagement Labs is an industry-leading data and analytics firm that focuses on the entire social ecosystem and its impact on businesses. The company's TotalSocial platform is the only platform that combines powerful on-line (social media) and off-line (word of mouth) data with predictive analytics. Engagement Labs has a proprietary 10-year database of unique brand, industry and competitive intelligence. The company's cutting-edge predictive analytics uses machine learning and artificial intelligence to reveal the social metrics that increases marketing return on investment and revenue for its diverse group of clients, including Fortune 500 companies.