OK - So this has taken quite a while to pull together.. but I wanted to figure out just how big of a deal this Apple certified Global eSIM provider announcement is.....
Thanks to all who have posted the below screen shot from Apple website showing who FRX is up against in terms of being an Apple eSIM provider. Recap of the list is below:
Next 2 logical questions for me were:
1) Who are these players and what fields are they in?
2) What are they worth as a company?
Answer to question 1 - All of them are MVNO's and are focused on IoT.. i.e. Connected cars etc.. so FRX new IoT focus is spot on to properly become one of these players
Answer to question 2 is tough to get an exact answer for... because FRX is the ONLY traded company out of that list.
All other companies are privately held with very large valuations ... or have been acquired by multi billion dollar companies... E.g. Ubigi acquired by Nippon (Japan)
Below is the table of my best efforts to give everyone an understanding that FRX has a long way to re-rate when you look at this IoT connectivity space as an official Apple eSIM provider.
Happy to sit and watch this play out and wait till market actually realises that FRX is the only exposure in to an Apple certified Global eSIM provider
Company Traded Valuation & comments Source 1 Ubigi Acquired Ubigi is created by Tansatel which has been acquired by NTT Communcations.. And NTT is owned by Nippon Japan = Multi Billion Company has acquired Ubigi Too many to list… lots of googling 2 Truphone Private USD $560M https://tech.eu/brief/truphone-funding/ 3 GigSky Private USD $50M-$100M https://www.crunchbase.com/organization/gigsky/company_financials 4 Dent Wireless ICO - Crypto Asset USD $240m https://medium.com/f0x-society/dent-wireless-valuation-analysis-e2303faad348#:~:text=Currently%2C%20Dent%20has%20~5%20million,the%20100%20million%20tokens%20outstanding. 5 Soracom Mobile Private Start Up N/A - Total funding raisedUSD $40.5M… valuation would be well north of this https://www.crunchbase.com/organization/soracom/company_financials 6 Redtea Mobile Private Start Up N/A - Series A they raised USD $10M in 2016… valuation would be well north of this https://pitchbook.com/profiles/company/436029-85#overview 7 Webbing Private Start Up Could not locate but they geberate $4m a year https://finance.yahoo.com/news/webbing-now-offers-esim-global-140000241.html 8 MTX Connect Private Start Up N/A - Raised about USD $2.2m https://www.crunchbase.com/organization/mtx-connect 9 FRX ASX Listed USD $14.5m (AUD $19m)
Obviously revenues etc are all yet to come.. and could be lower than the more established payers... but a stock's share price is always an indication of future value.
FRESH
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