Big Un Limited (ASX:BIG) provided an earnings guidance for the December quarter as its expects 50 per cent increase in revenue.
Big is an Australian media and technology company that focuses on mobile content and enterprise marketing. The company is based in Australia and has established operations in Australia, New Zealand, Singapore, Hong Kong, USA and UK.
Big reported that the strong growth in its revenue is driven by continued expansion of its member base and its ability to convert over 45 per cent of the member pipeline into paying users. The company also reports that its number of members has been accelerated and currently stands at 13,000 and reaches 400 SMEs per week.
The company owns and operates Big Review TV, which is a video driven, marketing and peer review platform. The company reported 75 per cent higher revenue in its previous quarter ending September 2015. Big’s revenue increased over 300 per cent in FY15.
Big launched its mobile video app on 18 November 2015. This app allows users to record video content and provide free video marketing for Big Review TV’s SME members. It also has Facebook and YouTube integration and allows user to interact via video.
According to Co-founder and Executive Director, Brandon Evertz: “We have developed what we believe is the first socially-integrated, free video marketing tool for our members, and more importantly, the world’s first interactive video ecosystem.”
The company is confident of its ability to rapidly expand its business and continue its growth momentum through further expansion into markets. Big aims to become one of the fastest forms of advertising through its mobile app offering.
The stock BIG has jumped 8.7 per cent following its announcement and is trading at 25 cents as at 12:40 PM (AEDT).
Author: Simon Herrmann
Nov 25, 2015
Simon is a financial analyst at independent research firm Wise-owl who wants to change the world by disrupting the cliché approach to investment decision making with convergent thinking. Wise-owl’s goal is plain and simple: Find the best opportunities for our members by following a proven methodology and to create long-term value through high-quality advice, innovation, technology and education. We combine industry experience and the agile mentality of a start-up. Wise-owl is the future of stock market investing.