SEEEN (SEEN) return from temporary suspension with the publication of its March 2024 accounts. Seeen, is transforming through commercializing it’s AI media technology into a higher value and margin business.
These accounts show the strains with Revenue declining to $2.2m as non-profitable business is rejected, a non-cash $4.2m impairment charge of intangible assets and goodwill for a LBT of -$5.2m, but with an EBITDA loss of -$0.6m. Admin costs are marginally lower despite increasing the sales team, and the profit margin increased by 50% to 23.4%. As its higher margin Technology sales have doubled while sales decline at the lower margin, YouTube Creator Service Provider, CSP, division but its turning profitable. The sales momentum in both sector is continuing as more than $600,000 of annualized new revenues are reported to have been won in Q2.
The first sales are made into the training market vertical with American Leak Detection as a core customer. The technology and revenue share partnership with the American 7s Football League® (A7FL) whose 20 million viewers now enjoy an enriched content experience while engaging fans directly to purchase merchandise and tickets. The recent funding at 3p raised £0.76m along with existing cash should be sufficient to achieve break-even on relatively low-ball assumptions
Comment (Jon Lev): Commercialising video content is a growing sector and with its own IP, improving margins, increasing revenue and funded to break-even it makes the £3.8m Mkt Cap at 2.35p look attractive value.
Incanthera plc (AQSE:INC), the company specially focused on innovative technologies in dermatology and oncology, announce its participation in “The Pub Test” Investor Evening. This event is co-hosted by the Aquis Exchange and InvestorHub and will take place on Wednesday, 17th July 2024 at Samuel Pepys, Stew Ln, London EC4V 3PT, starting at 6:00 PM. The Company’s Chairman, Tim McCarthy, will engage in a fireside conversation designed especially for private investors. This setting offers a unique opportunity for attendees to interact directly with company executives, ask questions, and network with fellow investors. All attendees will have the chance to network over drinks and a buffet.
Comment: Be there or be square. INC is set to finesse its status as one of the top rising Aquis stocks of the year with a “Pub Test.” Interesting that Aquis is joining forces with newbie service provider InvestorHub as the latter has gained traction for companies looking to cement their relationship with shareholders.
Coinsilium Group Limited (AQSE: COIN), the Web3 investor, advisor, and venture builder report that investment portfolio company Greengage Global Holding has released a press release announcing news of its collaboration with global cryptocurrency exchange Coinbase to originate SME debt on the Coinbase Diamond Protocol. Greengage said it was thrilled to partner with Coinbase on this groundbreaking initiative. By originating SME debt on the Coinbase Diamond protocol, it was not only enhancing its ability to support small and medium enterprises but also pioneering new financial innovations that will drive growth and sustainability in this critical sector.
Comment: COIN joins forces with de-banking play Greengage, reminding us that this particular market niche is one that is set to grow considerably.
Blencowe Resources (BRES) reported it has completed a critical step in commercial scale testing, by converting 600 tonnes of in situ raw material into 30 tonnes of graphite concentrate. The 600 tonnes bulk sample conversion was undertaken by Jilin New Technology Graphite Co., a market leader in graphite processing, with results reconfirming the attractive qualities of Orom-Cross graphite. BRES said it has highlighted this bulk sample test requirement as a key component of the Definitive Feasibility Study and it has undergone this process using some of the most experienced graphite producers in the world, and in doing so it has opened some interesting doors for additional value-add strategy. It will continue to press forward to get to its goal of having tier one offtake agreements in place as soon as possible for all of its end products, which will underline the unique status of Blencowe Resources as a standout graphite producer for the future.
Comment: BRES achieved a major milestone last month with the announcement of first offtake, and today’s news underscores this achievement. Shares of the company should continue to re-rate accordingly.
Disclaimer & Declaration of Interest:
The information, investment views, and recommendations in this Zaks Traders Cafe interview are provided for general information purposes only. Nothing in this interview should be construed as a promotion or solicitation to buy or sell any financial product relating to any companies under discussion or referred to or to engage in or refrain from doing so or engage in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion.
