Earnings MDA outlookResutls were in line (slightly better) with previous prelminary announcement.
Outlook looks good with most of the rev growth of 40 - 50% coming organically.
Fiscal 2022 Revenue Outlook Management is introducing its revenue outlook for the year ending December 31, 2022 and anticipates revenue growth between 40% - 50% from $53 million up to approximately $80 million. This outlook reflects the following assumptions: • Organic Growth – Management estimates approximately $25 million of the revenue growth for the year ending December 31, 2022, to be caused primarily from the existing business model where the key drivers are:
New customers acquired primarily during the year 2021 through to the beginning of the year 2022, which are expected to increase their marketing spend as they become more familiar with the platform, the services and the results.
New customers that management expects to acquire as a result of the newly launched self-serve and SaaS products, as well as from the Albert portfolio.
Geographical expansion in Asia, Africa and Latam.
Post COVID-19: The year 2022 is the first year that is starting with a post-COVID-19 economic feeling. On a global level, consumers have adapted to the digital changes in financial services, e-commerce, gaming and more that were brought about as a result of COVID-19 but are keen to get back to normal, with no social limitations or restrictions. This will positively affect categories such as travel, sports, events, lifestyle and many more that, after two years, are starting the year with positive growth indicators. The FIFA World Cup will be held in 2022 and we expect that the sport category’s advertising budgets will be boosted as a result.
Category expansion to the upcoming rise of Web3, promoting dedicated metaverse digital assets for brands.
Self-serve SaaS – Management estimates that up to $2 million of the revenue growth for the year ending December 31, 2022 will be caused primarily from self-serve and SaaS revenues.
The acquisition of Albert on March 27, 2022, is in line with the Company’s business, strategy, and vision for self-serve and SaaS products. The Company’s acquisition already factors into the expectation of a $3M ARR (annual recurring revenue) by the end of 2022, and management believes it will bear a positive impact on revenue growth during 2022