Current revenue of 48k per day equates to annual revenue of $17.5 Million and Company has a MC of only $21.7 Million...
Revenue expected to increase significantly as more activations are brought online in coming weeks/months leading into the most lucrative time of year in the second half!
Have a .12c short term price target ( MC $50 Million) on continued increased revenue and can see this going to .25c by the end of the year on continued growth...
Very impressed with management keeping shareholders fully informed of Company progress with regular market updates!
All i'm seeing here is growth, growth and more growth leading to increased revenue and profits for the Company. MC has to increase accordingly.
X Q1 2019 close was strongest close of a quarter in 12 months X The first 7 days of Q2 2019 have yielded the strongest start of aquarter for the programmatic product in company history X The first 7 days of Q2 2019 were 228% of the first 7 days of Q1 2019 X Near-term scale potential is ~A$52k per day X Second group of publisher activations to start imminently.
Plenty of news flow expected in near term as a price catalyst....
"Management expects to update the market shortly on the progress of the StartApp programmatic buyer integration. Additionally, EN1 will deliver revenue updates with regards to the recent publisher activations and the second group, which is due to start over the next two weeks."
EN1 Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
