- Metaguest.AI (CSE:METG), a hospitality AI stock, posted subscription sales and experience bookings of C$370,733 in Q2 2024, representing a 41 per cent increase from Q1 2024 and a 392 per cent increase year-over-year
- The company’s financial performance since pivoting into hospitality in 2023 is shaping into a monumental growth story
- Metaguest.AI, formerly BnSellit Technology, develops generative AI platforms for the hospitality industry
- Metaguest.AI stock is up by 39.29 per cent on the news, trading at C$0.195 per share as of 10:50 am ET
Metaguest.AI (CSE:METG), a hospitality AI stock, posted subscription sales and experience bookings of C$370,733 in Q2 2024, representing a 41 per cent increase from Q1 2024 and a 392 per cent increase year-over-year.
The company’s trajectory looks even better over longer time frames, having achieved:
- C$634,431 in sales for the six months ended June 30, 2024, entailing a 517 per cent increase year-over-year, with C$555,923 in revenue and C$78,508 in subscriptions for future periods.
- 55x revenue growth from C$10,000 in 2022 to C$280,574 in 2023 to C$555,923 through the first half of 2024.
- Near 100 per cent gross profitability since 2023, positioning operations to generate free cash flow as they increase in scale.
Interest in Metaguest.AI’s platform is clearly showing up on the income statement, suggesting an unmet need for solutions like it that address the guest journey from pre-arrival to post-departure. The platform’s feature suite includes e-commerce, in-room service management, mobile checkout, local experience and event bookings, a virtual personal concierge and more.
Having raised C$838,125 under the terms of its current financing, the company’s coffers are topped up to continue expanding its network, which has added 70 hotel partners across Atlanta, Nashville and Florida over the past few months alone, and benefits from a projected 29.8 per cent compound annual growth rate through 2027 in the global smart hospitality market.
When we add that Metaguest.AI stock has given back about 40 per cent since pivoting from its previous incarnation in 2023, there remains very little a growth investor could ask for in an investment besides it being handed to them on a silver platter.
Continue your due diligence by requesting a copy of Metaguest.AI’s latest investor presentation here.
About Metaguest.AI
Metaguest.AI, formerly BnSellit Technology, develops generative AI platforms for the hospitality industry.
Metaguest.AI stock (CSE:METG) is up by 39.29 per cent on the news, trading at C$0.195 per share as of 10:50 am ET. The stock has added 77.27 per cent year-over-year.
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(Top image: Metaguest.AI)