Crowd Mobile (ASX: CM8)
Mobile phones are ubiquitous – there is no escaping their vice like grip on the hearts and minds of the world’s population.
The growing millennial market is ripe for digital solutions that offer everything this market segment wants: accessibility and mobility.
A profitable, mobile-first, ASX listed tech company has cottoned onto this and is on a continuous search for ways to turn this new communication paradigm into profitability.
In this company’s case, it has a world leading Q&A platform that provides professional expert advice, a content subscription service and a mobile payments division.
On the back of its large brand portfolio and proprietary intellectual property, this ASX stock has developed a proven and profitable business model with solid margins already – now it is all about scaling up.
This infiltration into the market seems to be working for this company as it continues to post bumper financials and starts to eye off the Chinese market.
For a small fee, this company’s technology allows millions of internet users to access information that may otherwise have cost them a fortune. Imagine having access to legal, financial, medical or tax information at your fingertips, at a fraction of the cost of turning up to see a professional in their office.
That’s what this ASX company allows users to do through its Q&A app, which drove strong financials in the December quarter – revenues of $10.9M, an underlying EBITDA or $2.6M, and continued positive operating cash flow generation.
The information in this email should not be the only trigger for your investment decision. Click on the link below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.
This $20M capped company is building on its momentum and is now getting ready to launch new products in 2017.
The company will work in tandem with giants such as Viacom, (which owns brands such as MTV and Nickelodeon) to ensure its products reach more than reach more than 3.4 billion subscribers in over 180 countries via 200+ TV channels and more than 550 digital media and mobile TV properties, spread across 40 languages.