BGE 0.00% 2.3¢ bridge saas limited

BGE COMPANY SUMMARY - FUNDAMENTALCompany DetailsStock Code:...

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    BGE COMPANY SUMMARY - FUNDAMENTAL

    Company Details
    Stock Code: BGE:ASX
    Share Price: 8c
    Shares on Issue: 159,900,000
    Cash on Hand: $3.9M ($1.5M as @ September 30th quarterly + $2.4M in recent rights issue & raise)
    Market Cap: $12M

    Overview
    Founded in 2008, Bridge stands as a prominent supplier of CRM-SaaS for non-government Outsourced Service Providers within the Employment Services Sector (ESS). The company offers workflow solutions to various industries, including employment, care, and support. The software is 100% owned by Bridge, having been developed for over 14 years and is government accredited for 14 Australian Government programs including Jobactive, VTEC, Youth Jobs Path, Disability Employment Services and more.

    Bridge has a strong customer base in the Employment Services sector, primarily serving third-party providers to human services programs operated by the Australian Government. The company has secured API access approval to NDIS systems, allowing for expansion into the Disability & Aged Care segment, leveraging similarities and overlapping customers.

    Highlights
    - A proprietary SaaS platform, characterized by its scalability and high-profit margins.
    - Currently employed by accredited providers, the platform covers 14 government programs.
    - Substantial revenue opportunity in the $60B+ per annum Disability and Aged Care markets
    - There is no one dominant system that has both functionality and government accreditation for NDIS, providing a massive opportunity for Bridge

    Product Offering (NDIS and other examples)
    https://hotcopper.com.au/data/attachments/5897/5897059-eb3e201af3c6b8a087a280945ff050c3.jpg

    https://hotcopper.com.au/data/attachments/5897/5897061-1c01a94683dbc12d1b0138ec560fb0bb.jpg


    Technical Analysis
    After listing over a year ago @ 20c, the price gradually dropped to as low as 1.9c in September last year prior to both a rights issue + capital raise being completed @ 3c. Since then, the price has rallied, climbing up well over 100% at one stage (on the recent raise price) to 8c, closing today at that price.

    The market has begun to recognize the potential opportunities for Bridge and whilst being beaten down to such a low market cap, it has created a massive opportunity for investors to get set at these recent and current levels.

    Whilst the stock has gone up 100%+ in recent weeks, the current measly market cap of only $12M still leaves a massive opportunity for this to continue to move north

    https://hotcopper.com.au/data/attachments/5897/5897116-076172c955f3aaea7e0e3665799f1864.jpg
 
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Last
2.3¢
Change
0.000(0.00%)
Mkt cap ! $2.746M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
2 1300000 1.9¢
 

Sellers (Offers)

Price($) Vol. No.
2.8¢ 145468 1
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Last trade - 16.12pm 22/05/2024 (20 minute delay) ?
BGE (ASX) Chart
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