Proving Profitable With +EBITDA, Strong Revs & Cash PositionThis was a very meaty release. Some quick numbers:
- Revenues of $11,888,654
- Net Income of $5,507,998
- EBITDA ~$2,400,000
BLMH clients include Fortune 500 companies and they work with large live events, airlines, TV/Media production studios, Schools, (Clients include Netflix, American Airlines, Six Flags, Pepsi, NFL Superbowl, ViaComCBS, Amazon Studios, AppleTV+, as well as contracts at the state level for grade schools and post secondary schools), and only some of these clients haven’t been included in the fiscal year end financials, Clients like the state schools haven’t not, and in the news release BLMH hints at further clients coming on board – “We continue to advance discussions with other large organizations and look forward to updating the market as this progresses.”
BLMH has just a $15mm market cap. $5.5mm in cash and revenues of almost $12mm. More revenue is coming in with continued contracts being signed with major client companies. Stock is up ~50% on this news but at $15mm market, huge cash position, and growing revenues I strongly believe this is still drastically undervalued.
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