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The Company maintained a strong balance sheet through 1Q20 with cash of $7.9m as at 30th April 2020. Importantly this balance sheet strength provides sufficient resources to commercialise the Company’s entire multi-year product development roadmap starting with and continuing with contextual e-commerce in 3Q20.
Good news isn't far away.
Than yesterday. good news can't be too far away.
I agree. I'm still buying.
tree shake
take out the weak
Impossible to buy any currently
Good news shortly which should give the SP another leg up. From results. "During 3Q, we have an exciting set of product launches and feature releases, starting with CreatorSuite and our Syndication Widgets"
Yes a bit of research reveals that this is not one of those quick double your money and off stock, it's a medium term potential 10 bagger.
Added another 50k shares today, this will go to 50p at least by Xmas
Highlights
? GTChannel views up 35% at 4.4 billion (Q1 2019: 3.3 billion)
? Revenue per view down 33% at $1.57 CPM (2019 CPM: $2.33), reflecting wider market conditions
? Revenue down 8% at $2.1 million (Q1 2019: $2.3 million)
? Adjusted loss before tax of $630,000 in line with expectations
? Strong balance sheet with $7.9 million of net cash as at 30 April 2020, which enables the Company to meet all its growth objectives as outlined at IPO in September 2019
? Q2 proprietary technology product launches geared to address market-wide decline in digital ad revenue; products not only address digital ad revenue yield from the Group's MCN but also open multiple revenue channels including licensing to other brands and MCNs affected by the same market downturn in YouTube digital ad spend
o Mid-May launch of the Group's first product offering, CreatorSuiteTM, to assist video creators to gain higher yield from their content, studio and marketing activities and videos
o Mid-June launch of BrandSuiteTM to drive B-to-B licensing opportunities emerging beyond application to the Group's own MCN
Our mission - to deliver new types of adaptable video content designed for action at the point of inspiration - has never been more relevant. SEEEN's users can create, enrich, share and enjoy video moments at different granularities, interlinked with each other and other kinds of information, searchable, and accessible everywhere and at every time on their internet-connected screens. And because SEEEN-enriched video content is more discoverable, connected and engaging it leads to richer opportunities for creators, brands and fans.
We have a tight focus on delivery as we transition from our launch on AIM during 4Q 2019 to our execution during 2020. Our ability to leverage data analytic and behavioral insights from our MCN continue to give us confidence that the road ahead for SEEEN will be exciting for our audience, creator and brand ecosystem and profitable for our shareholders."
This was in spite of GT Channel, which has a Youtube channel showcasing reviews and features related to the automotive industry and had its views rise by 35% to 4.4 billion from 3.3 billion the prior year.
Looking ahead, Entertainment AI said it expects to the roll-out of CreatorSuite to impact the economic of multi-channel networks, both the group's and others, by driving incremental views on YouTube.
CreatorSuite works by allowing the group's network of creators to generate significant new revenue streams such as offsite contextual e-commerce and lead generation from videos on other websites.
Entertainment AI is also looking to introduce BrandSuite during the second quarter of 2020, to help brands better monetise the interest of viewers.
"We believe that our technology products are being launched at the right time to take advantage of opportunities brought on by Covid-19 crisis and market drop in digital ad sales. We have the capital and institutional backing to deliver our solutions on-time and we look forward to this challenge," said Chair Patrick DeSouza.
$18m revenues from just YouTube? WOW
Flying on L2 buys flooding in....Leak?
Starting to make its move now
those your buys this morning? Looks like someone or some people have caught onto this gem
I'm a buyer now. I haven't decided up to what price yet, I will see how it goes but it will soon be back to 30p imho and then it all depends on news but should be more than double today's price if it's good news.
Well under the radar this one - very tight float could see a 4/5 bagger very short term
Building. A few buyers now or just one big one?
Calendar year 2019 views of 12.6 billion on the Group's MCN, up 47.7% (2018: 8.5 billion)
? Average RPM (Revenue per Thousand Videos) up 11% to $1.49 (2018: $1.35)
? Gross YouTube advertising revenue on MCN of $18.7 million, up 64% (2018: $11.4 million)
? Net revenue (minus YouTube commission) of $10.5 million, up 58% (2018: $6.5 million)
? Net cash of $9.5 million at 31 December 2019
Usually a big rise will follow after a big drop. My guess is that a big investor wants to get in cheap.
Been watching these myself. Large sell yesterday put me off a bit. Not that they sold but they may have more they want rid of. I'm waiting for a holding RNS for a clearer picture.
Hi Spitfire, I was going to have a bit of punt on this? Not all good but a "dead duck!!!!"
Could you give me a bit more information?
Nic
this looks like a right dead duck !!!!
is this the old EAI ticker ( whats with the new name ? )