I read the report and unfortunately don't think it adds much value.
Firstly, some sloppy errors re: EPS etc that you detailed - the report should be fact checked by CM8 prior to publication.
The analyst uses quite a few pages talking about industry growth, e.g. smartphone growth, direct carrier billing growth etc, but doesn't really add much value here - everyone already knows this.
The analyst needed to explain where CM8's position in the market is and their competitive edge. Fair enough there might be massive industry growth, but how can CM8 be the winner in a competitive market? This was not explained well in my view. Better to go into more detail about how their products compare to competitors, how much they make from each product etc to show how sustainable their growth is.
There was a reference to Gazmoji being ranked #1 among paid Internet apps in nine countries. According to Google Play it's been installed 1000-5000 times, so I'm finding it hard to reconcile that claim. Can anyone work this out?
Basically I couldn't get anything extra from the report than I could from reading the annoucements.
CM8 Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
