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Affluence Corporation Partners with Durham Black to Position the Company for Growth - MarketWatch
https://www.marketwatch.com/press-release/affluence-corporation-partners-with-durham-black-to-position-the-company-for-growth-d6f90eb0
You guys don't understand emerging micro cap companies. The real press wasn't the show they are attending with Dell it was announcing what they are doing with Dell in the US. When small companies are trying to get behemoths like Dell to allow press its not on the same same time frames.
I think the material event in this release is the fact that Dell has them in the US. They are partnering to do "Smart Universites". Universities are small cities with less hoops to jump through...
Affluence Corporation's OneMind Technology Subsidiary on Display With Dell and Nvidia at the Smart City Expo World Congress 2023 Conference - MarketWatch
https://www.marketwatch.com/press-release/affluence-corporation-s-onemind-technology-subsidiary-on-display-with-dell-and-nvidia-at-the-smart-city-expo-world-congress-2023-conference-f0bda11
Check this out: Affluence Corporation's OneMind Technologies Along With Orange Business Services Participates in Formal Signing Ceremony for the King Abdullah Financial District Project
https://finance.yahoo.com/news/affluence-corporations-onemind-technologies-along-115500997.html
Best in market technology...
springbig Introduces AI Assistant Tool | SBIG Stock News
https://www.stocktitan.net/news/SBIG/springbig-introduces-ai-assistant-6z0cdvp3pupk.html
No disrespect but I also have 20+ years in this industry. Yes they may have to issue additional shares but none of them could be freely tradeable. Lets see what happens.
None of the shares could be registered to sell. Learn the rules of non reporting companies...
Nobody has 10's of millions of shares to sell. It's comical that people talk this way...
Equity Research
June 22, 2023
USA | Cannabis
SpringBig | BUY
SBIG | $0.49 | PT: $1.50 ($1.60) | % to PT: +209%
?Updating Numbers: Early 2023 Signs Encouraging
Early signs for SBIG in 2023 are encouraging, with 1Q sales ticking up again, GM's improving, SG&A seeing a further meaningful decline, and the EBITDA loss more than halving. With B/S sheet concerns also addressed from a recent raise/debt restructuring, EBITDA +ve inflection in sight, and the potential for new incremental revenue streams, possible near-term upside is sizeable. PT in to $1.50 on updated US industry estimates. Stay Buy.
CHANGE TO JEFeJEF vs CONS2023202420232024REV*-1%-4%NANAEBITDA-56%-19%NANA2023 ($)Q1AQ2Q3Q4FYEBITDA(1.3)A? (1.0)? (0.4)? 0.1? (2.8)PREV(0.8)0.10.2(1.8)
*Rev. (MM)
At year-end FY22, credits previously booked in COGS were moved to sales
So far so good from a financial perspective in 2023 ... In our last SBIG update we explained how, based on 4Q22 performance and the cash/balance sheet situation at the time, it was fair for sentiment to be dampened. We were much more optimistic into 2023, but at the same time, it was critical they now execute. Based on 1Q23 delivery, so far so good. To this, on a sequential basis, sales grew 6% vs industry retail sales <2%, GM's improved 318bps, SG&A was reduced by 16% on an absolute basis, and has now come in below 100% of sales for the first time, and the adj. EBITDA loss more than halved vs 4Q22 to come in at -$1.3mn. Further, with a quarter end cash balance of $2.6mn, an operating cash inflow of $0.4mn in 1Q23 vs an outflow in 4Q22 of $2.1mn, inflection to +ve EBITDA looking like it will happen in 4Q, a recent $3mn raise adding to the cash balance, and then debt restructuring on the convertible such that $1mn was converted as part of the equity raise, $0.75mn was paid down, and the remaining $6.0mn now only due in equal payments spread over 15 months into March 2025, balance sheet concerns also look to have been addressed. With regard to FY23 outlook, the company continues to see sales of $31mn-$34mn (22% growth at mid-point) and adj. EBITDA of -$3.0mn-$-1.5mn.
... while trends across core metrics continue to be robust: With the company now seemingly on a much better footing financially, focus should turn to longer-term value creation potential. Here, we continue to believe prospects are compelling. First, if we look at trends on a number of core metrics, they are encouraging. In 1Q, net retention was at 100%, 108 new retail customers were added (4Q22 80, 3Q22 90, 2Q22 133, 1Q22 235) and 101 new locations (in >3,000 locations, 223 added 4Q, 135 3Q, 509 2Q), brands running campaigns was 70 (4Q22 80, 3Q22 61, 2Q22 50, 1Q22 46), avg monthly campaigns increased to 238 (4Q22 241, 3Q22 198, 2Q22 156, 1Q22 148), and avg revenue per campaign was $413 (4Q22 $424, 3Q22 $424, 2Q22 $469, 1Q22 $276; 4Q21 $320). On the brand metrics, you also need to factor in seasonality here. Second, there are then the opportunities for incremental revenue streams, such as SpringPay, a consumer subscription offering, and expansion into non-cannabis loyalty, and various data products.
Updating Numbers: FY23 sales unchanged at $31.2mn, with EBITDA loss now -$2.8mn vs -$1.8mn previously. DCF driven PT comes in to $1.50 on updated US industry estimates.
If they convert the stock is not free trading.
That doesn't mean anything. When your not a fully reporting company any conversions have to be a two year hold. Even if these notes converted they have another year hold. This company hasn't done any toxic debt deals....
What are the boat load of Convertible's hitting the market? Are you referring to the Invenire transaction?
With my experience with upcoming tech stocks that partner with larger companies like OneMind has done i.e. Dell, Orange. Usually it takes a while for them to approve press releases. I'm sitting patient here and I think we will all be happy.
springbig Launches Loyalty Integration with Cova
https://finance.yahoo.com/news/springbig-launches-loyalty-integration-cova-110000651.html
Big bids this morning...
Check this out: Affluence Corporation Announces Record First Quarter Revenue and Record Net Income
https://finance.yahoo.com/news/affluence-corporation-announces-record-first-120000667.html
This report came out yesterday. It says P3 is way undervalued at this price from its peers...
https://williamblair.bluematrix.com/links2/pdf/c058f031-22cc-4fba-8c6a-93e6ccfb8b32
2MM on the bid...Nice
I don't think you missed it. This stock should triple from here.
Great Earnings Report...This company should make a move.
These sellers have no clue. This is a huge buy. AFFU has legacy shareholders. Take advantage because when it turns you will wish you grabbed shares here...imo
P3 Health Partners Inc (PIII) PT Lowered to $9 at Lake Street Capital Markets
https://www.streetinsider.com/dr/news.php?id=21456282
SBIG / SpringBig Holdings Inc - Forecast and Price Target
https://fintel.io/sfo/us/sbig
PIII / P3 Health Partners Inc - Class A - Forecast and Price Target
https://fintel.io/sfo/us/piii
Great day for P3...
Nice action today
Why you should care about CVS acquiring Oak Street Health
https://finance.yahoo.com/news/why-you-should-care-about-cvs-acquiring-oak-street-health-221052049.html
Oak Street is a competitor to P3. If you look at the metrics of this acquisition it would put Piii between $9-$11.
I wouldn't get concerned about "Scalpers" trying to make a penny. This company will make them cry and we will laugh.
I agree with getting audited will help but if and when someone buys OneMind that's what they will buy. It's a wholly owned subsidiary. I don't think anyone would buy the public company. Then Affluence would distribute the money to the shareholders. I've seen that happen before with wholly owned subsidiaries.
OneMind Technologies Announces New Hypervisor IOT Enhancements Strengthening Analytic Capabilities - MarketWatch
https://www.marketwatch.com/press-release/onemind-technologies-announces-new-hypervisor-iot-enhancements-strengthening-analytic-capabilities-2023-02-07
Day one of the Leap Conference...
https://www.linkedin.com/posts/orange-business-services_title-activity-7028210710820085760--PwD