Obviously when one sees news like this, one quickl
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Posted On: 04/17/2020 10:17:02 AM
Obviously when one sees news like this, one quickly draws comparisons to one's own investments that operate in a similar sector:
- So Blue Jeans, a company with a "me too" product, with slow growth, but $100mil in annual sales, a large partnership with Verizon, $173mil in debt, has been looking to sell for a bit without success, and finally sold for less than its value according to Pitchbook (they are not public) (sold for less than $500mil but Pitchbook value is roughly $700mil)
The obvious question then becomes where does Verb Technology fit into this equation? The market is currently valuing Verb at less than $50mil but determining its true worth is murkier.
- Roughly $12mil in 2019 revenue (but expected to have tremendous growth as evidenced by case studies from customers using products) (one customer had a record month in March 2020 directly attributable to using Verb's product, even with Verb Live not being launched yet, and even with all their employees working from home)
- Launching a novel technology that takes video conferencing and webinar capabilities to another level (Verb Live)
- Has deals with not only one major player but several, but not fully outlined for the public yet
- Verb Live dovetails beautifully into their current and growing suite of products that are tailor made for the current stay-at-home work environment
- No debt
Not sure about buy-outs on the horizon, but very easy for me to see that Verb is currently extremely undervalued, which I believe is about to become the understatement of the year.
- So Blue Jeans, a company with a "me too" product, with slow growth, but $100mil in annual sales, a large partnership with Verizon, $173mil in debt, has been looking to sell for a bit without success, and finally sold for less than its value according to Pitchbook (they are not public) (sold for less than $500mil but Pitchbook value is roughly $700mil)
The obvious question then becomes where does Verb Technology fit into this equation? The market is currently valuing Verb at less than $50mil but determining its true worth is murkier.
- Roughly $12mil in 2019 revenue (but expected to have tremendous growth as evidenced by case studies from customers using products) (one customer had a record month in March 2020 directly attributable to using Verb's product, even with Verb Live not being launched yet, and even with all their employees working from home)
- Launching a novel technology that takes video conferencing and webinar capabilities to another level (Verb Live)
- Has deals with not only one major player but several, but not fully outlined for the public yet
- Verb Live dovetails beautifully into their current and growing suite of products that are tailor made for the current stay-at-home work environment
- No debt
Not sure about buy-outs on the horizon, but very easy for me to see that Verb is currently extremely undervalued, which I believe is about to become the understatement of the year.
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