Research Note - Crowd Media

3d rendering of human brain on technology background represent artificial intelligence and cyber space concept

Please note: Crowd Media has become Unith (ASX: UNT)

The Advisors at Emerald Financial recently released a report on Crowd Media (ASX: CM8), here are some of the key highlights:

  • Pandemic labour shortages highlighted need for business solutions that reduce reliance on human labour;
  • $1m financial turnaround in FY22 at the underlying level;
  • Start-up profile but with $5+ million revenue being generated by existing technology;
  • Cash flow positive in FY22;
  • Well capitalised with $2.8 million for working capital;
  • Zero borrowings on the balance sheet;
  • 3 revenue-generating business clients have licenced the Talking Head platform;
  • Strong commercial push in FY23 with increased developer and salesforce resources;
  • Exposure to Metaverse tailwinds and blockchain technology (inc NFTs);
  • Conversational commerce market in the US is estimated to reach USD $130 billion by 2025;

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*CM8 has engaged Principal IR, which is a related entity to Emerald Financial, on retainer to assist with Investor Communications. Director/s of Emerald Financial Group hold shares in CM8.