BIG - Peer Comparisons Valuations, page-2

Nice work Chakay,

Here's what stands out for me:
- ARPU has a lot of room for growth as we continue to develop relationships with these businesses and move more into the corporate / custom work (not just subscription type production)
- Australia is still the core market and revenue contributions from US / Canada / UK and other markets still havent really start hitting the bottom line in a BIG way (i.e.: UK should be generating more revenue than Aus this time next year!!)
- Now that we are strongly cash flow positive, BIG's ability to invest in growth through product development (Pillar 3), acquisitions and international JV's should ensure this stays on a strong growth trajectory for the next 3 years!