@maxdba - always good to see progress, but when you break that down by country, the most popular locations right now for this term are India and Brazil, markets that EVRH are not actively pursuing with their content. Still plenty of work to do to push the agenda in developed western markets
@Cunir, I don't think projections are as simple as that. You need to consider app churn and retention data as an additional variable. Looking at some general online statistics, 71% of app users churn within the first 3 months (https://buildfire.com/app-statistics/) and the majority of people spend most of their time using 3 apps per day. EVRH will need to figure out how to break these habits before 6 figure revenues per show become reality. It's going to take some strong marketing efforts, arguably more so than the improvements that have been made already.
@PensionDeficit, agree to some extent. However, for a US pilot experiment, is it really any more commercially sensitive than exposing the general US market engagement stats? Assuming the majority of these 100k views came from the US, were directly related to GMA advertising and let's say for a moment say they were all unique, this equates to approx 2.5% of the 4 million GMA viewers expressing an interest in VR solutions as a best case. If you consider the penetration from additional social media marketing channels, this will drop significantly. Begs the question, what is the definition of "successful"? What were the goals?
Just to play Devil's advocate here, the 100k streams isn't necessarily that informative. There's no suggestion of this being unique users and could very well include stats for users who attempted to stream the event multiple times, such as myself.
Bit late to the party. I was impressed with the variety of views and quality of the stream but personally had a number of connection issues even though I have a brand new UK device (using both 4G and WiFi). I found that I could watch the audience participation build up without major disruption, but when the main performances were about to start, I got kicked off the server and couldn't get back in. Themis/Rumfuddle, I think you may be thinking along the right lines though. They may have prioritised US user traffic today. Additionally, either they have changed the general spec requirements or are actively choosing which phone models to support (which could both be a sign of a lack of dev support and positioning their service as an aspirational/premium purchase rather than for the mass market - which I hope is not the case!). Still early days, could have gone better but feeling positive.
Nb140 - Interesting Twitter post! I was actually speaking to a friend about the potential of VR and cinema content/experiences/partnerships a few weeks back. This would be an incredible development if it comes to fruition
Anyone know whether there is a live stream or podcast of the AGM?
Agree Gazulster. Looks like things could be starting to fall into place with the recent Jamiroquai, Plan B and Kelly C announcements.
Hi Themis! No, not connected to the company at all. I'm just keeping an eye on my own ratios and taking a long term view. Would also be good to understand more about the Facebook relationship at the AGM. EVRH have been talking about mobile for a while now but it seems there could potentially be some hesitation/control with Oculus. I think investors need some answers around that
Don't get me wrong, we've probably all had our doubts for sure along this journey. However, after stripping things back, I feel more confidence with controlled, marginal gains progress rather than from quick hyper-growth where things could quickly turn sour. Perhaps a few questions could be answered in the next AGM.
I see, thanks for clarifying. Didn't realise it was more related to a personal experience. Good luck getting the feedback you need!
Sc4tman, why do you feel it's been diabolical? Have they not delivered on the major milestones that they said they would over the last 12 months? The only things I believe have been lacking is communication around mobile and I'd also love to get some clarity on the length of a "long term contract" and rev share relationship between EVRH, venues, artists, managers, labels etc. This would help paint a clearer picture of global potential, but not sure how likely it would be to acquire this type of feedback. I (along with many) made the mistake of buying high but I think the frustration is more a case of the share being massively overvalued rather than poor execution. I think the decline to 2's is probably helpful in resetting the true current value of a new stage startup.
Can't agree with Bloodshot. I definitely see this as a long term holding and the strategy makes sense to me. Lots of short term perspectives muddying the water IMO. Whilst the S/P volatility is disheartening, their YoY performance and 4 year ratios are actually decent looking at the complete set of financial results. Seems pretty clear to me there is a lot of groundwork going into to building the industry and organisational capability before going gung-ho with full-scale ramp-up and territory expansion. YoY net sales is up 19500%, Net Assets have increased 66%, Working Capital up 58% and Net Cash & Cash Equivalents up 268%. Asset Turnover, RPS and CPS is starting to improve, Liquidity ratios seem more attractive now capital is being put to use (but still too high for my liking) and Leverage is low at 9%. The 4 yr CAGR's are even more compelling showing a +590% CAGR in Total Assets vs a +167% CAGR in Total Liabilities. I personally feel they are doing things correctly despite the YoY bleed in Operating Profit. The approach is reminiscent of the early Amazon model. I'll be topping up when possible.