$1 Club - JXT – mining the new gold - Data

Jaxsta are building the world’s most comprehensive resource of officialmusic credits.

Layered over this comprehensive deep-linked database is functionality that could develop into a music-industry centric social media network.

Key highlights include (per the latest October investor presentation)

·115mil+individual official credits

·32mil+individual recordings

·70k+subscribers

·20k+official Jaxsta profile claims

·45mil+individual pages

·100k+new credits ingested daily

Recognised future business revenue streams include:

·JaxstaPro subscriptions – from 2021 exclusive functionality behind a paywall

·JaxstaData Solutions – paid use of metadata via APIs and customised solutions etc.

·JaxstaeCommerce and Marketing Solutions – site advertising/affiliate sales etc.

Recognised future business revenue stream mix:

·JaxstaPro subscriptions – 20-30%

·JaxstaData Solutions – 50-60%

·JaxstaeCommerce and Marketing Solutions – 20%

Valuation estimations (based on paid subscriptions, however the Data Solutions business is stand-alone):

	Paid Subscribers	Pro Subs	Data Solutions	eComm & Mktg	Total Revenue	Calc. MC (PE:20*)	Calc. SP
1	10,000	$2 mil	$6 mil	$2 mil	$10mil	$200mil	$0.81
2	20,000	$4 mil	$12 mil	$4 mil	$20mil	$400mil	$1.62
3	30,000	$6 mil	$18 mil	$6 mil	$30mil	$600mil	$2.42
4	40,000	$8 mil	$24 mil	$8 mil	$40mil	$800mil	$3.23
5	50,000	$10 mil	$30 mil	$10 mil	$50mil	$1bn	$4.04

Valuation calculation assumptions:

·$200pasubscription

·Revenuemix 20% / 60% / 20%

· *PEratio of 20 (Facebook and Alphabet trade PE ratio of 30-35. Unsure of margins so estimated at 20 to allow for expenditure)

·SPcalculations based on SP $0.091 / MC $22.49mil

Other points to consider:

·Firstto market

·Significantbarriers to entry

·LinkedInsale price $26.2bn (2016)

·IMDBsale price $55mil (1998)

Upcoming highlights:

·2new revenue-producing API announcements this calendar year (per October JaxstaInvestor Presentation)

·Confirmationof Jaxsta Pro subscription model

·JaxstaPro paywall implemented early 2021

·SongtradrAPI live early 2021

All above in my own opinion. DYOR.