Undervalued!16 May 2022 10:23
Without all the macro headwinds like inflation, energy prices, food prices, and fear of rootn tootn shootn pootn escalating his war before he succumbs to his health problems, Bidstack would be valued at at least double where we are.....and thats without the expected ramp up in revenues in the next 6 months and the IAB standards mechanism expected to announce a step change in a couple of weeks.
Bids have now shown that their platform is fully workable for big brands and publishers, we`ve moved on significantly from the days of FY £140k revenues just on test spends to a far more developed operation in a couple of years making £2.6m revenues.
If you started up a little company manufacturing gizmos and widgets and turned that kind of exponential rise because your customers liked your product you would be getting rave revues in the financial pages.
Bidstack is a net new advertising category company, there wasn`t a blueprint or formula to follow like a manufacturing model. But there is a gigantic target customer base...and audience!
So as an AIM start up, they were always going to need funding, that shouldn`t be any surprise to anyone on here, otherwise you shouldn`t be investing in the AIM market.
Even when they were only generating £140k in test spends they still had plenty of interest, raising £5m by way of a placing.
Then raising another £5m as the revenues climbed to £1.7m, and then raising a further £10m as revenues climbed to £2.6m in FY`21.
If Bids were listed in the US, where Y`Allbran comes from, Bids would be valued at 3x what they are here today, and many multiples when the IAB measurment standards are made into industry guidelines.
The IAB guidelines will not only give Bids the pleasure of knowing that they took a significant role in its development, but it will also give publishers, ad agencies, and brands, the confidence to participate in a much more meaningful way.
As long as the revenue numbers are rising year on year then there is a very bright future for Bidstack, and the tipping point in to profits is only a matter of when, not if!
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