Anyone taking this one? It's looking interesting
-------------------------
No Founder sell-down due ASX escrow provisions. Book very well supported by Existing and new institutional investors.
50.8m newly issued BirdDog shares at $0.65 per share to raise $33.0m at an implied pre-money equity valuation of $100.0m
BirdDog Technology Limited (BirdDog, ASX:BDT, or the Company) has established itself as a world leader in Network Device Interface (NDI®) and Internet Protocol (IP) video technology, developing and manufacturing a range of standalone hardware, embedded hardware and software solutions designed to integrate with, or operate directly on an NDI® powered platform, and sells these solutions in over 100 countries globally.
Strong Growth and Financial Performance: BirdDog delivered record revenue of $38.2m in FY21 (up 303% on FY20) and a record Pro-Forma Underlying EBITDA of $2.6m in FY21 (up 214% on FY20)
ü Extensive Product Portfolio: BirdDog has a large range of products, in-market and generating revenue including 20 hardware products and 12 software products. BirdDog is expanding product range to cater for new markets and opportunities, including the recently released embedded SDM Module in partnership with Sharp / NEC to address the large digital signage market
ü Global Technology Leader: BirdDog is known as the global leader of the NDI® revolution, leading the world in both NDI® enabled hardware and software solutions
ü Global First Mover Advantage: BirdDog has a significant, now well-established & global first mover & competitive advantage, delivering the highest quality technology on the NDI® platform across a value-based pricing structure
ü Large Addressable Market: Frost & Sullivan estimate that BirdDog’s total addressable market in 2021 is approximately USD $132b, across a range of hardware, embedded technology and software sub-markets
ü R&D Platform For Future Growth: Plans to increase product development capacity to deliver improvements on existing products and development of new and additional SKU’s and product categories
ü Quality Board and Management Team: Led by serial entrepreneurs and AV experts, and a highly experienced Board
