Audioboom Share Discussion Threads

[blackhorse23] 15/4/2024 08:34

Money moved to GNC

[z1co] 15/4/2024 08:25

Q2 will no doubt will be far stronger than Q1 for the company to achieve or exceed $78m revenue for 2024.

[z1co] 15/4/2024 08:18

Over this coming year I expect our revenue growth rate to improve further. We have more than US$55 million of contracted revenue for 2024 from advance advertising bookings, and we are perfectly positioned at this stage of the year to deliver our goals of record revenue and adjusted EBITDA profitability.

[parob] 15/4/2024 08:17

It would be interesting to see the monthly breakdown of revenue. It could look something like this: Jan: $4.8Feb: $5.6March: $6.7Then you're looking at 15%+ growth month on month.

[z1co] 15/4/2024 08:15

NT to buy at £2.60

[northwards] 15/4/2024 07:59

Not a as bad entry / top up price now I'd suggest.

[z1co] 15/4/2024 07:57

It's now gone NT to buy 5,000 at £2.55.

[parob] 15/4/2024 07:41

And more for me. Grabbing what I can down here whilst I can. Market will see sense at some point. March revenue figures were terrific.

[z1co] 15/4/2024 07:39

Bought more at £2.50 , far too cheap

[mrsqueezy] 15/4/2024 07:30

Added down here again. Was NT for a good 5 mins then it bounced.

[z1co] 15/4/2024 07:24

That's a over reaction by the MM's , peeps panicking and just selling.

Will bounce back strongly , they will have a record year of revenue and profits.

[parob] 15/4/2024 07:21

Added a few. Highest price I've paid for a top up. This will recover once the sell on news brigade are out imo.Cavendish have reiterated 1300p target price.

[mcmather] 15/4/2024 07:13

Aye; “Although this was expected to decrease download numbers by “10%", the difference between Q4 2023 and Q4 2022 figures for BOOM was 0.8m, so less than 1%.”; But that is now estimated at 32%.

[havinthelasttoast] 15/4/2024 07:10

Tank as expected

[terminator101] 15/4/2024 07:01

Whopping £20 million loss for this pile of pish huh

[mrsqueezy] 15/4/2024 07:00

They already demonstrated the IOS adjustments have hardly impacted them. Keep up.

[mcmather] 15/4/2024 06:58

That Apple update (September 2023) circa -32% was far worse than first estimated (circa -10%?).

March 2024 numbers are clearly a positive; Q1 eCPM (average global revenue per 1,000 downloads) of US$52.17, and which compares quite well to 2022’s average of US$52.88.

[parob] 15/4/2024 06:57

"The Board is confident that the business is fully primed for further growth across 2024, with record annual revenues forecast, together with a return to sustained EBITDA profitability."

[amelio] 15/4/2024 06:55

Don’t talk nonsense.

[mortal1ty] 15/4/2024 06:53

Not sure this business model will ever allow them to make a material profit. Too low margin. Too competitive.

50m market cap... In this market implies we should have visibility on 3 to 4m profit down the line to justify the valuation (need more than that to justify upside). Looks at least 50% overvalued to me.

... and now it needs cash.

[amelio] 15/4/2024 06:50

$6.7m in March. Record month. There’s your key number.

I’ve no doubts ours two new sales hires will be adding to that number.

The foundations are laid and now BOOM can really accelerate that revenue to record levels.

[someuwin] 15/4/2024 06:50

Cavendish reiterate 1,300p valuation.

Valuation (p12)

- As Audioboom scales the platform it is developing its attractiveness, in a podcast M&A market where there were acquisitions at 2-10x EV/Sales by mega-cap tech and audio tech peers between 2019-2022.

- Audioboom’s audio tech peers are trading on 0.5-3.3x 12-month forward EV/Sales with 0% to +25% NTM Sales growth, and its ad tech peers are trading on 0.2-17x EV/Sales with +1-22% NTM Sales growth.

- We value Audioboom at 1,300p based on 3.6x FY25E EV/Sales, and at 303p it is trading on 0.9x 12-month forward EV/Sales with +18% NTM Sales growth.

[ozzywalker] 15/4/2024 06:48

Bit quiet this morning..

[z1co] 15/4/2024 06:45

The march revenue of $6.7m is a very good indicator of what the revenue is likely to be from April onwards.