Ann: Unith's Investment in Generative AI Sees 100% Growth, page-139

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peterlip

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25/02/24

18:25

Post #: 72585439
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Originally posted by MadManMuzza: ↑

This report is a few months old but their valuations are in-line with my thoughts.

https://equityespresso.com.au/unith-analyst-review-a-i-tailwind-benefits/

An Analyst Summary of Unith Limited
Code: UNT | Market Cap: $18.9m | CurrentPrice: $0.021
Price Target: $0.08 – $0.127 Sector: Communication Services
Broker: Pitt Street Research
Technology company Unith Limited has developed the Talking Heads platform, featuring digital avatars for one-on-one conversations with humans.
Broker Highlights:
The A.I. tailwind – The broker cites a Bloomberg Intelligence report earlier this year that predicts that the generative A.I. market would grow to US$1.3tn over the next decade. The most significant driver of the growth would be generative A.I. infrastructure.
Unith has recently secured several deals, including with the Alliance of Public Health, Ensuring and Xite Holdings. It also collaborates with an anonymous Big 5 Tech Company.
In its Q1 update last week, Unith reported a 24.5% quarter-on-quarter increase in revenue from its B2C AI-subscription products. They also onboard 337,000 new users during the period. The broker expects this growth rate to continue over the coming quarters.
Recommendation
Pitt Street Research reiterates their value of Unith at a $65.2m base case and $103.7m bull case, equating to 8.2c per share and 12.7c per share under the company’s current number of shares on issue.

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and as good as that report is…
That was written on 25-Oct last year, just after the September quarterly was released on 17-Oct.
Since then, the December quarterly was a better result over the September one. And we now have (or soon will (assuming it all goes as planned)) another $4.5M in the bank.
Onwards and upwards…
UNT Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
12 Upvote

2 Great analysis

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