This a joke?
$30k revenue, yet they want to be cashflow positive by end of year... They have 2 quarters to multiply current revenue by 14x (which only brings them to breakeven going off this quarters figures).
New "Users" have come to an almost halt - "over 4 million users" was reported back in April. Even if we give them benefit of the doubt and say they had exactly 4 million users in April, that's 700,000 new users in this quarter. That would make 7.5 million users total in the next 12 months, not 'on target' for 10million users as per the report. And that's assuming they can keep up the 700k users per quarter, as user uptake has dramatically dropped (which is probably why all the radio silence from the Company).
Sportsclips, the most mysterious company there is with no online presence who access to 60 million users via Indosat, has exactly 0 views on all OlahBola videos - https://www.sportclips.club/olahraga/list/category/olah-bola. In fact, go through their website and different channels, they have 0 views on 99.9% of all their videos.
"As a result of the partnership, Indosat will promote and market SportsHero’s OlahBola channel to their 60+ million subscribers"
60 million subs, yet 0 views. Interesting.
Safe to say this one is a hot mess and a dud. Win some, lose some.
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