RE:RE:RE:RE:RE:Acquisition news out this morning!Rough notes of conference call:
1) Will only pay full purchase price if revs reach pre-pandemic levels. The payments over 3 years are based on revenue targets, as a percentage of 2019 revenue levels (6.3 mil USD). Payouts will be on a sliding scale of $0, $500k, and $1 mil depending on which target is hit. They not revs were hit hard by Covid, as DMS is a pure advertising play. They are confident this is transitory. This sliding scale is attractive, as it reduces purchase risk.
2) Yangaroos vision - There is ongoing R&D,with projects currently undergoing in workflow, data analysis, AI. Still searching for continued acquisition targets in the near future. They think there are other opportunities out there. Looking for both business tuck-ins such as DMS, as well as technology acquisitions. They are bullish on music division due to recent trends. They also think DMS acqusition will help expand their prodcut and service offerings. Lastly, internal growth initiatives are still top priority.