Just my opinionThere's a lot of speculation about when is Nasdaq, why aren't we on already etc. Couple things, I think they want to join just before they know they will have a good year over year revenue beat and profit beat which could be before they announce 1st quarter in May. That's a Nasdaq must for share price growth. Next they already said they are working with some interested institutions in the US who probably want to see what the average share price is over a certain period of time now that AT's valuation has increased significantly. They will probably do a raise and at current prices it will be amazing for growth. With very little share dilution on our currently small float they will raise tens of millions. This will open up the door for acquisitions to fast track revenue growth.
Some prior acqusitions over years were made to bolster AT's technology. We added 140 proof and visible measures for some technology and some employees. Adman gave them some more international exposure which may prove to be important for growth after they first focus on North America with illumin. Then came magnetic media, I loved this one. They added quality staff and a lot of revenue on really cheap terms. Acuity will have a nice war chest after one more raise at these current prices. The demand side is much more fragmented than the supply side. The supply side has to rely on very expensive acquisitions, mergers or organic growth for revenue growth. We have much more runway on the demand side as there is a lot more choice of companies that can be acquired. Our valuation numbers versus peers in the industry are still low. We make the same profit on 1/2 the revenue it takes magnite or pubmatic. One decent acquisition for Acuity can get us very close to the 200 million revenue goal and close the gap.