Recent News and Financial Outlook Discussion
The market has been responding very positively to yesterday’s (June 27th) “news filled” management update call with the stock climbing above $0.50 on more than two million shares as of this writing.
Chairman G. Scott Paterson and CEO Curt Marvis hosted the company’s first investor call, with Mr. Paterson commenting that the board is encouraged more than it ever has been with QYOU’s business. He believes the stock is grossly undervalued based on recent accomplishments, and especially so in light of yesterday’s news on the expansion of the relationship with Tata Sky.
Understandably, he’s happy to see the market’s positive reaction and stated, “there is lots more planned on the investor relations front.”
To view Tata Sky news release, click here.
CEO Curt Marvis started his discussion about the roll out and early success of QYOU’s partnership broadcasting its specialty programming through Tata Sky in India. Although they had just started broadcasting QYOU programming in December 2016, significant uptake in viewership resulted in approval for Tata Sky to broadcast QYOU’s 24/7 service of online content to 17 million devices.
Mr. Marvis discussed the success of its ongoing relationship with Sinclair Broadcast Group and its TBD Network, which is currently available on a free-to-air basis in the U.S. to nearly 40 million homes, hopefully growing that to over 70 million this year.
Mr. Marvis also discussed the significant revenue growth QYOU has achieved this year and mentioned he is comfortable projecting 3x growth over 2016 towards ~$7 million in revenue this year. A large percentage of 2017’s revenue will carry into 2018, where he can see another 2-3x growth again to between $15 and $21 million. 2018 will see positive EBITDA margins as well.
The recent financial guidance can be viewed in the new investor presentation that is now available by clicking here.
Listen to the Management call below or click here.