ASX: TNY – the number one social media platform in the world for parents - experiencing viral and organic growth via word of mouth. Featured on the front page of the US App Store in Jan 2018. Also featured in the UK and Ireland App stores as “App of the Day”.
Turning operating cash flow positive during calendar 2019 – they have just appointed John Dougall as Non-Executive Chairman. John has taken ASX technology companies from zero to over $100,000,000 per annum in the past.
"We think the US has enormous growth potential and we really haven't fully saturated the market yet"
Market Cap ~$10 million AUD
The market cap is tiny, and the unique data they have access to is very, very lucrative for advertisers. The Top 20 own 75% of the stock.
3.1 million members in over 200 countries, and once a customer signs up, the brand loyalty is very high.
Partnerships including Macmillan Books, Pottery Barn, Scholastic, Canon, Walt Disney, Walmart, Nike, General Motors, and Macy’s who can use the platform for targeted advertising.
Snapchat started out with less traction than this. The only thing that worked for Snapchat was word of mouth (which is what TNY is doing). It took a bit of time to get going but it eventually snowballed into the 12-billion-dollar giant it is today.
This will be one of the biggest turnaround stories of 2019. I truly believe it. The CEO is fully committed and always happy to answer shareholder questions.
TNY Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
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