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I see a nice trendline forming from late last week to today, rising at about .0011 per day. At that rate I'll be gaining a year's worth of salary each week. I'll take that!
This is a slightly longer term play than a lot of the other penny stocks that have people excited with their huge jumps, but 10% per day is nothing to sneeze at, especially when you can keep it going for a long time.
No, come on, let's not play word games.
Anything after March 31, 2021 would be very bad.
They do the Q4 report as part of the annual report, not separate.
I don't think they're sitting there with a completed annual report and just waiting. Annual reports take time to tally up and get right. The big boys have teams of accountants and the aid of tons of automation. BRAV has a hired accountant and some off-the-shelf small business accounting software. As they get bigger and more profitable, they're probably streamline and improve their reports, but it takes time and money to get there. I've worked for a small, growing business before so I've seen this firsthand.
So for me, as long as the annual is out sometime in March, I'm happy.
The runup in the stock price was only partially due to anticipation of the TV commercial. A bigger factor was the anticipation of 1.7m to 1.9 m revenue, based on people doing analysis of order numbers, and trends in revenue. There was also a "big announcement" teased.
They ended up disappointing on all counts. The big announcement was just another website; the TV commercial was not appropriate for TV so it only "aired" online, and revenues went down, ending their fast rise.
The revenue numbers had been, rounded to thousands:
So excitement was understandable.Q1 Q2 Q3 Q4
2010: 8 24 39 43
2011: 61 99 219 558
2012: 697 678 651 1239
Firstly, Monday is a holiday.
Secondly, financials aren't due out until March 31, since it's the full year report.
Thanks for those links for traffic stats.
I like to look at the charts at semrush.com to see the trends.
UsaFashion.com is showing steady organic growth, but no paid traffic yet.
Organic traffic score was around 10 mid-November, in the 80s mid-December, in the 150s mid-January, and in the 270s now.
Once DA starts paying for traffic, this score should go into the 1000s like the leggings sites.
So are you getting shares at a better price than you're offering?
Note that the revenue guidance given yesterday was the exact same full year guidance given back in August, before Q4 even started.
https://www.otcmarkets.com/stock/BRAV/news/BRAVADA-International-Increases-Full-Year-2020-Revenue-Guidance?id=271424
Guidance that far in advance tends to be conservative. Leaving it unchanged is also "the safe route". I'm still thinking we'll see $4.6m for the year instead of the $4.2m-4.5m guidance from August which was repeated yesterday.
Bravada's self-stated deadline for the annual report is March 31, and Q4 is usually included in the annual. If it were Feb 15, he wouldn't have put out guidance on Feb 11.
Yes, I'm guessing a lot of long-timers have done the same and taken a little out to cover costs.
I've sold some myself, for the same reason, but still have most of my shares, and can now hold those more strongly.
That's what's nice about being up 5x, you only have to sell 20% to cover costs!
One whale bailed, but it seems from the wording that he'd been looking to get out for a long time, and saw this as the opportunity.
Agree with your assessment of the announcement, except that in the long run, these kinds of announcements help, because they keep expectations from getting too far out of touch with reality. As long as the business is building, we'll see continued upward momentum. He's setting expectations slightly low so he can exceed them, which is a good strategy for long-term steady growth in share price, instead of spike and crash.
Some people have been projecting 5 million sales for the year, but my projections have been more like 4.6, based on Q4 being about the same as Q2 and Q3, with leggings up a little and masks down a little, and the new sites just getting launched, so not yet contributing much. Now guidance is just slightly under that, but still strong.
All the recent profit and cash flow is enabling 2 or 3 new directions, with none of them being much of a stretch from the core competencies and infrastructure developed over the last 10 years.
Good point on the self funding. World of Pets was able to launch based on the profits from other sites, from leggings to mask sales.
Danny showed that his 10+ years of experience doing this paid off when he was quickly able to set up a mask sales site in just a couple of weeks last March or April, from website creation to procurement. The mask sales will soon settle down, but the profit from selling them when demand was high is helping fund the advertising and inventory build up for World of Pets.
Some here expect the new USA Fashion site to become a more major focus, too.
For the annual report, BRAV only commits to getting them out within 90 days of year end, so by March 31.
Feb 15 would be if Q4 were separate from the annual report, but as some people have pointed out, the Q4 usually comes with the annual report.
To me that means that March 31 is the deadline for both Q4 and the annual report. It would be nice if they get them out sooner, like in early March.
Actually, I could be wrong. I just assumed that a Q4 would be done, with the annual later, but maybe they don't plan a separate Q4 report.
The last 2 quarters, the per share net income was 0.0005 and 0.0004.
Given the boost in overall mask sales during the November & December surges, and the typical December boost in leggings & fashion sales, I expect Q4 to have a slightly larger net income, giving them 3 straight quarters of solid profit. Just my educated guess, of course.
Although the annual report is due by end March, at least the quarterly is due by Feb 14, and that should tell us all we need to figure out what the annual will say.
If quarterly has 1.8 million revenue, that puts it over $5 million for the year.
So he finally got a good accountant, got all caught up on the mess left by previous accountants, got current, and now there's expectation that results come out early? I'm not going to be bothered at all if results come out by the announced target of 45 days after the quarter ends.
If people are writing to him to push for early release of results, then I'll write and encourage just the opposite.
I don't want results to be rushed out, then have to be amended because they got something wrong. All I care about is that they get it right and get it out by their posted expected date each quarter, 45 days after the quarter's end.
I don't know either, but I took advantage. Now fully loaded.
Nice finish today. The bid kept creeping higher in the last 20 minutes.
...and as I wrote that, big bids come in at 50.
I think the 40s are history.
49s are building up.
Nobody's selling into them.
And just to clarify, that corporate website is just for investor info and the like. Most of the websites selling product have been around for years.
The owner has kept tinkering and has figured out how to make the sites more profitable in today's environment.
Excellent. Thanks. So it's a very real possibility that if DA wants to, he could change the company name and ticker symbol. Will be watching for hints to see if that's in his plans.
But in the case of brav, fundamentals alone should be able to drive this over .01 and have it stay there.