News Focus
News Focus
icon url

INSTATRADER

02/22/17 5:53 PM

#63750 RE: kingpindg #63746

LOGIC!

Would the company mention only $70M+ as over hyped if TRUE REVS were ~$10M and even FOUNDER quoted online 3x that....?

FOUNDER SAYS, $30M IN 2014
D&B SAYS ~$48M
etc etc....

Why not $25M min?

Company is also deciding to go PUBLIC at IT'S DISCRETION... not by force.
icon url

DJPele

02/22/17 5:54 PM

#63751 RE: kingpindg #63746

Vert's criteria requires a company with at least 10 million in sales:

http://www.vertcapital.com/transaction-criteria.html

Per Dun and Bradstreet, Pixelmag's sales are around 48 million:

http://i.imgur.com/J51XiXQ.jpg

Per the previous CEO, sales were over 30 Million annually (thats in line with Dun and Bradstreet):

https://www.crunchbase.com/person/ryan-marquis#/entity

Since Pixelmags provides a "Distribution as a Service" (D.a.a.S), I can't imagine revenues to be low.

IN MY OPINION, it's safe to say revenues are well over 10 million.

We won't know for sure until filings are submitted.