New tech updateKind of tuned out of this company for a while but it popped up on my screen recently so I started doing some digging. Spoke with a few people with intimate detail of the company and it sounds like the new self-serve platform they have been talking about since late last year is going to be a major catalyst for the stock moving ahead.
They are already in beta testing with some big brands and so far the feedback has been outstanding. They mentioned on their conference call as well that April was not great and they were still EBITDA positive.
At $1.00 even if revenue drops 30% FY2020 (from 120m in 2019) to 84m they are still trading at just over 1x net sales. And it sounds like they will remain profitable throughout all of this so no need for financings any time soon.
Bullish at this time. I think it's an easy double from here when things start to open up and the new self-serve gets going. Picked up 9800 shares on Thursday at $1.02 full disclosure.