Of course the size and sustainability of the current competing players is a challenge to figure out with most being private companies. If CVCheck is making a loss at $40.82 (ex GST) unit price for their main product and revenue driver then the others being non-public companies with perhaps a lower cost basis would have slim margins at best.
National Crime Check: $4M rev in 2014-2015, so let's estimate 87,000 checks/year
CVCheck: $2.8M in 2014-2015 so around 60,000 check/year.
PoliceCheckExpress: 80,000 checks/year
CVCheck is now doing a quite a lot more checks a year but I'd say this is due to the huge advertising campaign that is unsustainable, the market retention is fickle as the individual will probably just google again 3 years later when they get a new job.
Trying2BSavvy --> as far as acquiring big competitors, I'd say they'd have trouble doing a CR to acquire SEEK - who have created https://certsy.com/ (thanks fasterwater)
Strangely TripleC and CVCheck mentioned being the next realestate.com.au, carsales.com.au and seek.com.au in the IPO and now they're competing directly against one of their idol companies.
CV1 Price at posting:
18.0¢ Sentiment: Sell Disclosure: Not Held
