These Q3's have me hyped on $NOW I'm still not over NowVertical's ($NOW.V $NOWVF) Q3 financials
- Q3 revenues and adjusted revenues were over $950K (up 25% compared to Q3 2020)
- Gross profit for Q3 was over $800K (up 16%)
- and on a full-year pro forma basis, including the Company's recent acquisitions of Affinio, $NOW's acquisition strategy has grown revenues from essencially 0 to ~$7.1 million since Sept. 2020
If this growth is looking good to you but you haven't heard of $NOW yet let me fill you in.
$NOW is adata analytics company. They interpret and provide data insights to their clients many of whom are goverment entities and Fortune 500 companies. Becuase of their clientelle, most of $NOW's revenue is reoccurring.
Additionally the fragmented market that $NOW operates in allows for growth from M&A with the ability to maintain targeted margins (as displayed in the financials above).
$NOW.V closed at a stable $1.01/share today.
MC is $51.659M
https://ir.nowvertical.com/news/news-details/2021/NowVertical-Group-Reports-Third-Quarter-2021-Results-and-Other-Recent-Developments/default.aspx