EV of around 11.5mil... expecting good growth in this coming FY. While they are showing a net profit for FY 17, no doubt I am not expecting this to be the case for FY 18. I am going to look further into this one.
"ReadCloud’s proprietary eReading platform delivers Australian school curricula digitally in one App. This App is available across many devices with the ability to present authorised content from any number of publishers. Students and teachers can share notes, questions, videos and weblinks directly within the eReading platform, turning the platform into a place for discussion, collaboration and social learning. Established in 2009, ReadCloud has experienced strong growth from 3 schools using the eReader platform in 2015 to 50 schools and 21,800 Users licenced to use the Company’s eReader platform in 2017. This growth has been achieved in conjunction with the refinement of the Company’s online and App offerings. The Directors believe their strategy of further software development and additional sales and marketing staff will position the Company for further growth by targeting the 2,700 secondary schools and 1,600,000 full time secondary school students in Australia. The Company expects to increase the number of Users by more than 100% to 45,000 Users across 75 schools by 30 June 2018, concentrating on the higher margin direct sales to schools. As described in Section 7, ReadCloud has achieved positive earnings over the past two financial years."
