ATRN is in hyper growth mode. Their sales mix has changed going forward and as a result 2011-12 is a transitional period for ATRN which will show huge revenue growth imo. Looking forward in 2012, large customers like DirectBuy have been added to their Transactional business and their Kazaa business should be gone. ATRN total sales imo will be $40 mil in 2011... and ramp up to $60 mil in 2012... Plus, their debt should be gone.
$40 mil sales projected in 2011 The 2011 sales are a combination of Transactional Search revenue and Kazaa Digital Subscription revenue. From the 10Q, the total 9 month sales were $25.6 mil, and based on DirectBuy being added in mid 3Q they had $12.3 mil total sales (the breakdown was: $9.8 mil Transaction revenue; $2.5 mil Search revenue)... It's easy to foresee ATRN will do $15 mil total sales in the 4Q 2011. (I'm projecting Transactional Search revenue will rise to $12.5 mil in the 4Q, from $9.8 mil in the previous quarter because ATRN will have a full quarter of DirectBuy sales... and projecting Kazaa sales will stay flat at $2.5 mil.) http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8241320
$60 mil sales projected in 2012 If you annualize the 4Q 2011 sales of $15 mil, you get projected sales of $60 mil in 2012.
News 
Market Data 
Discover 
