Eagle Eye Solutions Share Discussion Threads

[grabster] 16/3/2021 07:57

Results:

Well worth reading the Chairman's lengthy statement in full.
Here's a few paragraphs from it:

"Against the ongoing backdrop of the COVID-19 pandemic, the Group has delivered a strong performance, continuing to support and win new enterprise customers, both at home and internationally, while further expanding the capabilities of Eagle Eye AIR to increase its attractiveness to the global retail market.

Once again, the strong management of the business is evident in the excellent profit performance, delivering 64% growth in adjusted EBITDA to GBP2.1m (H1 2020: GBP1.3m), on revenue growth of 8% to GBP10.8m (H1 2020: GBP10.1m). The Group delivered another healthy cash performance and closed the Period with net cash of GBP0.1m, ahead of the Board's expectations."

"We now have over 7,000 hospitality venues on Eagle Eye AIR, creating an attractive platform for Brands to exploit once lockdown restrictions are lifted, as they seek the means to recapture lost revenue and strengthen their businesses."

"Our high level of customer retention means that each new customer win significantly adds to our growth prospects, with revenue from our largest revenue-generating customers typically increasing by a multiple of over three times by the end of their third year on Eagle Eye AIR"

"In December 2020, we were pleased to secure our second US customer. A leading speciality office and home products and services retailer in North America signed a three-year agreement to use Eagle Eye AIR for its Digital Wallet and promotional capabilities. This retailer has over 1,000 stores across the United States. This win, coupled with Eagle Eye's first US win in December 2019 with SEG, further strengthens our position in North America and demonstrates the applicability of AIR in sectors outside of grocery."

"In Canada, our relationship with Loblaw Companies Ltd ("Loblaw") goes from strength to strength as we supported the launch of their PC Health app which provides live chat to members with registered nurses and dietitians, plus the opportunity to earn PC Optimum(TM) rewards through custom digital health programs. We also supported the re-launch of PC Insiders subscription service, now PC Optimum Insiders(TM) subscription which provides members the opportunity to earn more PC Optimum(TM) points and promotional rewards. Each year we manage the load of promotional offers for their PC Optimum Points Days which is Loblaws' biggest points-earning event of the year, taking place in January and February."

"In November 2020, we secured a five-year agreement with Woolworths Group where they will use Eagle Eye AIR to support their personalised real-time digital marketing programme. Woolworths is Australia's largest retailer; the group operates 3,000 stores in Australia and New Zealand and serves more than 29 million customers across its brands every week."

"We continued our work with The Warehouse Group, one of the largest retailing groups in New Zealand, supporting the pilot of its digital customer engagement and community give back programme.
With two of the largest retailers in the Australasia region now as customers, we believe we have a strong position to use this region as a base for further expansion. We have begun investment in the Australia market in line with the Group's growing revenue profile in the region and will continue to do so.
This growing range of international enterprise level customers are opening up new conversations with other Tier 1 retailers and our new business pipeline continues to grow at record levels internationally."

[slogsweep] 16/3/2021 07:43

results look good but are they good enough for the market? could go either way first thing but expect things to improve later.

[coppertrader] 13/3/2021 08:15

great that this has broken through and stayed above 500 prior to the half year results on Tuesday. An upgraded forecast could push this nearer to 600

[apollocreed1] 08/3/2021 23:37

I seriously hate this stock. I had it for 2 years and it went nowhere so I sold it at 122p and then a month later it started its hyperbolic upwards move.

[grabster] 01/3/2021 13:13

re the deal with Virgin:

".. The Eagle Eye platform was chosen for its ability to process and manage the billions of points flowing across the programme, being earnt and spent across multiple organisations..."

For those who've not already seen it, Eagle Eye's existing list of clients includes a few familiar names:
(Tesco, Greggs, Carlsberg, Budweiser, Coca Cola, Ladbrokes, Ribena, ..)

[rambutan2] 24/2/2021 17:09

Closes at 480p today:

9 February 2021

Notice of Results

Eagle Eye, a leading SaaS technology company that creates digital connections enabling personalised, real-time marketing through coupons, loyalty, apps, subscriptions and gift services, will announce its results for the six months ended 31 December 2020 on 16 March 2021.

A presentation for analysts will take place at 11.00 a.m. on the day. Analysts wishing to attend should contact [e-mail] to register. A recording of the event will be made available shortly thereafter on the Company's website.

[energeticbacker] 27/1/2021 11:55

Investor's Champion comments that given the challenging market backdrop the Group appears to be making excellent progress, reflected in the strong performance of the shares over recent months which has lifted the market capitalisation to over £100m.

[rambutan2] 27/1/2021 03:11

Tim Mason, Chief Executive of Eagle Eye, said: "The pandemic has highlighted the need for retailers to digitally engage with their customers, and yet the digital transformation of the global loyalty, promotion and gift markets is still very much in its infancy. With our growing international customer base we have proven that Eagle Eye has the potential to sit at the heart of this transformation, presenting us with an exciting long-term growth opportunity.

"While it is clear COVID will adversely impact a section of our customer base for the remainder of the financial year, we are confident that we will continue to grow our sales and profits, and our pipeline has never been stronger both in quality and quantity.

"With high levels of recurring revenue, very low levels of customer churn and an expanding customer base, the Board is encouraged by the significantly increased breadth of Eagle Eye's opportunity and believes there is considerable potential for expansion as the situation normalises."

[apollocreed1] 22/1/2021 03:27

I sold this in the middle of last year at 122 thinking it was just very boring, slow to progress and had limited upside. I'm stunned by the performance I missed out on afterwards. Did the pandemic accelerate their growth even though many retailers are struggling or closed due to Lockdowns?

[lomax99] 21/1/2021 13:54

There was a trading update on the 28th January last year, only a week away.

[2breakout] 14/1/2021 20:53

Trading update later this month? Just keeps going up and winning new business.

[coppertrader] 17/12/2020 13:28

no shares available... to buy even 10 goes to negotiated trade... can sell my whole holding though.... i think someone is building

[15geraldine] 11/12/2020 12:25

Significantly expanding market as retailers continue to move towards a more digital environment. Market leader, strong IP, and most importantly a management team that understands the market and the business intimately. Pipeline continues to grow.

[lomax99] 11/12/2020 09:45

Useful US contract win.

[rambutan2] 03/12/2020 03:17

From October update for the top performing Liontrust UK Micro Cap Fund:

Two new holdings were also added: Eagle Eye Solutions Group and Fonix Mobile. Eagle Eye provides a B2B software platform which allows large retail clients to manage customer loyalty schemes, offers and promotions. We believe it possesses all three of the key Economic Advantage intangible assets under our investment process: intellectual property in the software itself, a strong data-driven distribution network because the platform sits at the very heart of the customer’s marketing technology stack, and a high percentage of recurring revenues from SaaS licence fees and ongoing high-volume, low-value transaction fees.

[rambutan2] 11/11/2020 22:31

A great win, and for the share price as well!

Five-year contract with Woolworths Group

Australia's largest retailer selects Eagle Eye AIR platform for real-time digital marketing

Eagle Eye, a leading SaaS technology company that creates digital connections enabling personalised, real-time marketing through coupons, loyalty, apps, subscriptions and gift services, is pleased to announce that Woolworths Group Limited ("Woolworths") has signed a five-year agreement to use Eagle Eye's AIR platform to support its personalised real-time digital marketing program.

Woolworths is Australia's largest retailer; the group operates 3,000 stores in Australia and New Zealand and serves more than 29 million customers across its brands every week.

Woolworths will use Eagle Eye's AIR platform to enable the end-to-end management of real-time personalised digital promotions and support its transition to a digitally-led rewards program. Woolworths will deploy the proposition across touchpoints including its app, its eCommerce business and various other digital media. Eagle Eye AIR will also be used to enable a real-time integration with a network of partners.

This new enterprise win, coupled with the signing of one of the largest retailing Groups in New Zealand in 2019, provides a platform for Eagle Eye's entry into the wider Asia Pacific region, where the Group believes there to be a good level of enterprise level prospects.

Tim Mason, Chief Executive of Eagle Eye, commented: "We are extremely pleased to have won this contract with Woolworths Group. It is testament to the capabilities of our technology that another world-leading retailer with clear ambitions to adopt a digital future has chosen Eagle Eye. We look forward to deploying our Eagle Eye AIR platform across Woolworths' network of Australian and New Zealand stores to drive value through personalised promotions and rewards."

[lomax99] 11/11/2020 10:01

They are targeting a huge, under addressed, online market. As momentum builds, their operational leverage should have a marked impact on profitability.

[jane deer] 11/11/2020 09:50

The Woolworths contract must be a potentially very important contract. While the RNS does not give much information, it appears to be a pretty all-encompassing contract - and therefore could be on a par with Loblaw in terms of depth of relationship, and if so, could theoretically beat the Loblaw contract in terms of revenue. But Eagle Eye is wary of giving any granular data on revenue per contract, so I guess we will never know.

The difference with the Loblaw contract was that was signed before Eagle Eye had signed on the Google Cloud. Therefore in 2017 signing a new international client meant dealing with data centres etc and implementation was complex and time-consuming. As far as I understand, the Google Cloud has made onboarding new clients in new geographies comparatively straight-forward. Despite, signing on the Warehouse Group last year, Eagle Eye has not had an Australian client before.

[lomax99] 11/11/2020 09:21

Looking forward to the trading update, there was one on 17 Nov last year.

[jpsmithson] 11/11/2020 08:48

I wish all of my investments were like this one.
Just getting on with business with no drama.
Woolies is a whale of a contract, actually bigger than Loblaws and that had a profound effect on revenue.
Should be continued growth for years ahead.

[coppertrader] 18/9/2020 07:15

RNs reachEagle Eye powers Pret A Manger pioneering in-shop coffee subscription launch to support digitally-led, multichannel strategyhttps://www.londonstockexchange.com/news-article/EYE/eagle-eye-powers-pret-a-manger-coffee-subscription/14690277

[tomps2] 17/9/2020 12:36

Eagle Eye Solutions (EYE) Full Year 20 results presentation by Tim Mason, CEO & Lucy Sharman-Munday, CFO

Video:
Podcast:

[johnv] 16/9/2020 08:56

Results out

[rambutan2] 15/9/2020 20:41

Results came out on 17th last year.

[gerihatrick] 05/9/2020 11:02

Owned by Tesco, and who set up the Tesco loyalty card...the CEO of Eagle Eye!