RE:RE:RE:2021 financial forecast kaykay22222 wrote: They said Q1 is weakest quarter for Ecommerce business in general. Adcore would only be affected if they stick with existing customers. But they could still accelerate Q4 growth numbers in Q1 by adding new customers. (Omri mentioned that during CC) Look at their Linkedin Account, they are constantly welcoming new customers. Don't compare Adcore with IZEA, they only grew at 9.8% in Q4 lol I expect around $10 by EoY. Don't forget Omri was talking about "a tsunami of business" in March
q1 is always weaker than q4 and is generally a much weaker quarter. Sales can typically be 25% lower than q4 because people spend more over the holidays especially in retail. Sure they can add more customers but then they could lose some retail exposure, this is just how it goes. Im not comfortable shooting too high only to be disappointed. I like to be conservative in my targets as the stock market can be harsh at times. If market conditions are not right, you can grow to the moon and the market will not reward you.
By the way, I used Izea as a guideline for valuation. If they could be worth x amount then why couldn't Adcore be worth just the same? They are comparable in that brands and ad agencies use their technology for marketing purposes.