GEO - GeoOP - Work Management Software

[Longhaul]

Talk about a strange way to report customer numbers.... does this mean they have 8006 paying customers?

"As at March 31, GeoOp reports a number to March 31, 2014 of 8,006. This represents 51% growth from GeoOp's previous quarter ended December 31, 2013 of 5,300."

[Harvey Specter]

Must assume it is paying customers so (http://geoop.com/pricing/) 8,006 x $20 x 12 months = $1.9m revenue run rate. Market cap of ~$40m so 20x revenue

I would say that is about right for an early stage growth company. 51% growth in 3 months is on track for over 200% per year.

I am a bit over invested in high risk stocks but was looking as it got closer to $1. Its back on the rise now.

[Bilbo]

Must assume it is paying customers so (http://geoop.com/pricing/) 8,006 x $20 x 12 months = $1.9m revenue run rate. Market cap of ~$40m so 20x revenue

I would say that is about right for an early stage growth company. 51% growth in 3 months is on track for over 200% per year.

I am a bit over invested in high risk stocks but was looking as it got closer to $1. Its back on the rise now.

51% growth in a quarter was good enough for me to buy back the IPO shares I sold at $2.50. Happy to sit on this puppy long term now and watch how the growth goes over the next year. Will be interesting to see a country breakdown of customer numbers.

[Schrodinger]

its their version of ARR-Annual Recurring Revenue which is the industry standard with Saas metrics.

This is the metric to watch as this translates into financial reporting years i.e gives the future size of the company in advance. The other key metric is to know what their retention rates are. With a 50% quarterly growth rate I assume it will be very high.

I would expect this to get to 20k subs ($5M @ 20x12x20k) in just NZ & Aus without the rest of the world. The game gets harder outside these countries. 50k is 20x12x50K=$12M

Big company in the making.

[drswag]

Anyone else unable to place a bid through ASB Sec for this?

Geo.JPG

EDIT: Durr it's on the Alternative market. Nevermind

[Schrodinger]

DB or ANZ online or ASB phone

[Schrodinger]

The new customer growth is on $20+ each sub. Since this new price plan was introduced last year I estimate6-7k are on the new plan. I havent gone into exchange rate idifferences and assume they are charging $20 in any country.

[Schrodinger]

Can anyone tell me what the multiple for PEB is?

[Bilbo]

Not quite right - the only info on ARPU previous provided indicated it was $6/month as lots of customers on grandfathered plans. I'd suspect the vast majority of customer growth (90% +) would be from users on the grandfathered plans. Lets say ARPU has increased to $7 per month from September 2013 - thats $670,000 annualised revenue, or a 60x revenue multiple.

Crazy whatever way you look at it.

Why would you expect customer growth to be from users on the grandfathered plans?

[Schrodinger]

SC, two words for you: momentum trading.

Schrodinger: you don't want to know the answer to that question!

ok i will give it a go:

$350,000,000/300,000=1200?