I've been keeping tabs on the rollout of the app - and while it's clear they are doing very well in the US - this is really only the beginning of their market penetration. There's massive traffic coming through the app and it's all been via word of mouth (which is why they are closing revenue contracts with Fortune 500 companies).
Chairman John Dougall said in his recent letter to shareholders that he has taken several technologies "from zero to over $100,000,000 per annum. I believe that the Tinybeans offering has global potential."
I'm inclined to agree looking at the stats. Here's a recent cut (compared to next closest competitor Lifecake which was acquired by Canon):
They haven't even begun to look at countries outside the United States - "our current focus is on the 35 million young families in the USA. We’ll look at other markets once we capitalise on the significant potential of the US"
Now imagine if they switched on their marketing efforts for mainland Europe or Asia... That growth would be HUGE. And I dare say families in Europe and Asia are at least as invested - if not more so - in recording and maintaining a positive family journal that works as a secure, digital keepsake. A digital keepsake that doesn't fade away like an old photo book. Do not underestimate the tremendous power of keeping a family history and heritage. It's part of the human experience.
This is only $10 million market cap and every day I see crap companies with no growth or revenue prospects pushing a market cap ten times this price. They made ~$1.7 million in revenue for the half year, which is almost as much as the Company delivered for the entire FY18. They have repeatedly reaffirmed their commitment to turning operating cash flow positive during calendar year 2019.
I suspect the lack of interest is due to the tiny amount of shares on issue (circa 32 million) with almost 75% ownership by the Top 20 (off the top of my head).
I maintain my recommendation to accumulate where possible from September 2018 (see below). I think this has just as much potential as PO3 and ANO, albeit in a different sector.
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