Sabio Holdings Inc V.SBIO

Alternate Symbol(s): SABOF

Communication Services

Sabio Holdings Inc. is a connected TV (CTV)/over-the-top (OTT) technology and service provider in the high-growth ad-supported video-on-demand (AVOD) and streaming space. The Company's cloud-based CTV/OTT technologies provide publishers with distribution, monetization, and analytics while delivering ROI validation for brands and agencies. The Company's portfolio is comprised of Sabio, a transparent content monetization Demand Side Platform (DSP); App Science, a non-panel-based, real-time measurement and attribution software-as-a-service (SaaS) platform, and Vidillion, a cloud-based ad-insertion, and content distribution and management platform. The Company's wholly owned subsidiaries include Vidillion Corp., App Science, Inc., and Sabio, Inc.

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Sabio Holdings Inc

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Post by RJSullivanon Oct 07, 2024 10:47am

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Post# 36256030

Beacon Securities reiterates BUY rating and $0.70 PT

Sabio pre-announced calendar Q3 results, which were better-than-expected.
Q3 revenues are expected between (all in US$) $14.5–15.8M versus our $12M.
Based on preliminary guidance, Q3 revenues are expected to be up over 75% y/y.
The company also expects YTD to be positive, which would imply that Q3 EBTIDA should come in at least $1.6M versus our $1.2M. Last year, the company generated EBITDA of $100k.

We believe further multiple expansion will likely be predicated on the company’s ability to maintain its current momentum into CY25, which we expect to get more details on with the Q3 results.
The stock is currently trading at 6.5x EV/EBITDA, versus the group at 12x.
We are maintaining our estimates pending the release of Q3 results.
We reiterate our Buy rating and C$0.70/sh, which is based on 9x EV/EBITDA (CY25e).