Future potential for MOS looks good19 Mar 2021 12:19
The future for MOS could be very lucrative - looking at the 2nd March RNS - the company is looking to make inroads into the Chinese market - even if MOS achieves its aims in a modest way - the rewards will be huge.
The joint venture with QMGH mentioned in the 18th March RNS also bodes well as other significant SME's now have faith in MOS says to me that something good will happen here.
I bought into MOS a few years ago and lost big time - but despite my initial reticence I have topped up this week - and feel better for it as the rise this week has made good my early losses.
Quoting from the 2nd March RNS - Streams China launch
We are pleased to announce that the Chinese language version of Streams will launch on 14 March. Streams China is aimed specifically at the Chinese market for companies that want to sell their products and services to a western audience. This will mark the first time we have launched an additional language version of the platform, and as indicated on 22 January we anticipate launching the Streams Data service in other key global markets during the year.
Trading update
We are delighted to announce that revenues and customer growth continue to remain ahead of our internal forecast, and monthly Streams Data revenue has now exceeded the net revenue brought in via the legacy business. The Streams Data business, comprising the bespoke data insight, intelligence and visualisation service which achieved first revenues in June 2020, and the Streams SaaS ("Software as a Service") platform which generated initial customer revenues in October, are now generating monthly revenue of £12,000, a 33.3% increase since December 2020 alone.
Glad to say - I feel good about this company at long last.