If you do the math, Sound Concepts is averaging 881 new users a day
If you go conservative and assume the rate stays the same, which it's not, that would be revenue of $87M in a year for just direct sales @$100/user/yr.
A fair valuation for just this one vertical would be 10-20 times revenue based on the growth in my opinion and on my DD. Don't believe me, look up some other tech companies. I even posted some a while back.
$870M-$1.7M
What's the market cap today?
Less than $200M.
They also added 11 new customers in 59 days. That's one every 5 days including weekends. That's a growth rate of 7.5% each month. Some well known tech companies don't even have that in a year.
Once again, this is just one vertical.
Oh, and they added 12 more countries expanding their footprint by 25% in two months.
8-14-18
"Brightools is currently in use in over 48 different countries and has more than 360,000 current users.
11-14-18
"Sound Concepts customers include 75 of the top direct sales organizations with more than 490,000 paying users in over 48 countries."
12-10-18
...currently in use in over 48 different countries
Sound Concepts currently has approximately 75 clients in the network marketing...
As of the date hereof, Sound Concepts has more than 510,000 current users of its Brightools app, representing an increase of more than 147,000 users since August 2018.
2-7-19
...is currently in use in over 60 different countries.
Sound Concepts currently has approximately 86 clients.
As of the date hereof, Sound Concepts has more than 545,000 current users of its Brightools app, representing an increase of more than 35,000 users since December 2018.
2-19-19
As of the date hereof, Sound Concepts has more than 554 ,000 current users of its Brightools app, representing an increase of more than 44,000 users since December 2018.
Everyone should do their own math and DD and not get it off a message board.
If you go conservative and assume the rate stays the same, which it's not, that would be revenue of $87M in a year for just direct sales @$100/user/yr.
A fair valuation for just this one vertical would be 10-20 times revenue based on the growth in my opinion and on my DD. Don't believe me, look up some other tech companies. I even posted some a while back.
$870M-$1.7M
What's the market cap today?
Less than $200M.
They also added 11 new customers in 59 days. That's one every 5 days including weekends. That's a growth rate of 7.5% each month. Some well known tech companies don't even have that in a year.
Once again, this is just one vertical.
Oh, and they added 12 more countries expanding their footprint by 25% in two months.
8-14-18
"Brightools is currently in use in over 48 different countries and has more than 360,000 current users.
11-14-18
"Sound Concepts customers include 75 of the top direct sales organizations with more than 490,000 paying users in over 48 countries."
12-10-18
...currently in use in over 48 different countries
Sound Concepts currently has approximately 75 clients in the network marketing...
As of the date hereof, Sound Concepts has more than 510,000 current users of its Brightools app, representing an increase of more than 147,000 users since August 2018.
2-7-19
...is currently in use in over 60 different countries.
Sound Concepts currently has approximately 86 clients.
As of the date hereof, Sound Concepts has more than 545,000 current users of its Brightools app, representing an increase of more than 35,000 users since December 2018.
2-19-19
As of the date hereof, Sound Concepts has more than 554 ,000 current users of its Brightools app, representing an increase of more than 44,000 users since December 2018.
Everyone should do their own math and DD and not get it off a message board.
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