Leading Canadian provider of cloud-based software solutions designed to improve efficiency within the Legal tech industry holds a MONOPOLY.. yes extremely rare.
Q2-2021 (3-mths) Revenues grew $33M (96% YoY)
Cont'd below..
$DND $DND.TO
Financials:
- For the 6-months ended 2020 with $55M (63% YoY)
- Guidance for June 30, 2022: Revenue of over $340M (> +100% Growth) *includes acquisition of DoProcess*
Most of their acquisitions are being integrated earlier than expected
Adj. EBITDA $200M (below)
$DND $DND.TO
Managements goal:
They are focused on dominating the legal and real-state tech platform markets within Canada, the UK & Australia.
Hence, the strategy is to continue:
- Acquisitions to capture competitors
• Broaden and expand customer base
• Innovate platforms
$DND $DND.TO: My takeaways:
- ✅ I love how they are capturing greater market-share
- ❗️ Lots of shareholder dilutions (announced Bought Offering today)
- Q: Don't know how much acquisitions contributed to top-line
I am long shares, but hoping they reschedule the earnings call
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- Rev of $89M vs Exp $75M Exp. (16% beat)
- 146% Growth YoY (58% organic growth as MP reps $31M
- EPS: $0.21 vs Exp $0.17 (23% beat) - 425% earnings growth
Cont'd - Hope you find helpful! - 🙌
1b/ Financials $APPS:
- GP expansion – 166% – due to content
- GM 43% - content media, apps business based on revenue mix is driving margin expansion
- Ops. margin expanded by 23.2%.
- Adj. EBITDA up by 302% Y/Y to $22.51M; and margin expanded by 25.4%
- FCF keeps improving
2a/
- Overall International revenue is gradually representing a much higher share than US
- Revenue Per Device (RPD Growth) which is key metric is growing - nearly 70% growth in Int'l
- Int'l supply revenue for media grew 200% YoY
- Primarily from partners such as Samsung, Xaomi
Digital Turbine, a platform provider for building apps, enabling content discovery and mobile digital ads
Why I'm bullish L-T: 1/ They have a strong competitive position within the mobile operator-advertiser niche for android devices.
Cont'd -
2/ $APPS Growth Pillars:
- SingleTap is a new product where a user can automatically download an app in a single-tap without visiting the actual app
- Mobile Posse: Product that goes natively on a phone and includes news, sports, ads etc.
- 5G roll-out and Increased phone ads
3/ $APPS software is installed on over 450M+ phones, and this total is increasing by 20M phones per month
$APPS is increasingly building additional revenue streams, such as providing content for carriers such as Sprint
Major clients include Samsung, AT&T, Verizon, Uber.
Amidst the noise, I took a weekend to learn and listen to one of the best investors of our time I have admired @altcap!
Founder of $AGC SPAC and one of the earliest Investors in $ZG $SNOW.
Below are a few things I learned: THREAD 👇
Background:
He started out as a securities lawyer and graduated from Harvard MBA. Founded a couple starts-ups early.
In 08' - He founded Altimeter Capital, where they focus on investing in companies in the tech sector. They manage both public and private growth equity funds.
Since 2011, holding an equal-weight portfolio of his fund’s top-20 13F positions would have generated Avg. annual returns of 30%.
Brad was one of the best earliest investors that identified potentials of
$FB, $ZG , $UBER $EXPE ,Bytedance, $PDD
Before any of them became big!