The Big Un Ltd(ASX: BIG) share price surged to a 52-week high of 56 cents yesterday after the video technology products and services company released a positive third quarter update. Cash receipts grew 372% on the prior corresponding period to $5.6 million. This was thanks largely to an 82% jump in subscribers, as well as a significant increase in average revenue per user due to a growing preference for higher value packages. The strong performance means the company continues to be cash flow positive, increasing its cash balance by $1.7 million during the quarter. Whilst I think Big Un is a promising company, its shares are a little on the expensive side for my liking
BIG Price at posting:
53.0¢ Sentiment: Hold Disclosure: Held