That time of Quarter, gentlemen...
Based on their website tickers and the previous posts in this thread, FLN has had another solid Quarter (See Table 1):
- Registered Users: +12.86% PcP
- Total Projects & Contests (TPC): +3.79% PcP
I believe the lower growth in TPC (last Q was +6.96%) is partially the result of FLN removing unawardable, 'test' and spam projects (among others) that don't fit their guidelines from their reporting metric; this was mentioned by Koch in their last Quarterly (from memory). No one can complain about more accurate reporting...
Table 1
View attachment 212208
Table 2
View attachment 212224
As per Table 2, the total dollar value per project (= New Projects Added/Receipts) was $21.14, down from $26.40 -
*NOTE* - this figure isn't a true reflection of the dollar value per project, as the receipts will include revenue from FLN's other businesses, membership revenue from FLN, users paying for certifications, and upgraded products. As per the UBS report, the average dollar value per project - excluding other revenues - is closer to $150USD. I include the figures above as
it acts as a simple proxy to see how the Quarter is progressing and allows me to estimate future revenues.
As we've added only 352K projects (
Table 2, Column 4), the last two Quarters only give us a receipts range of $7.44m - $9.29m for the Quarter when using my proxy... Clearly, my proxy is too simple! However, the growth in new users of 12.86% is a great sign and revenues from FLN's other businesses will also provide some support.
Note that
I have not included any analysis of Escrow.com (among others) or the impact of currency changes on revenues. I merely enjoy checking into the FLN website and seeing how many new users are signing up.
If anyone has anything else to add/omit/or correct me on, go ahead - I'm a fan of FLN and appreciate other posters here who also follow the stock. Cheers.
@stardestr0yer
@blackeyed
@leasx
@galvanise
@rusty33
