Like the use of the word ‘intended’ in the headline
https://quoteapi.com/resources/da986...g2LZtGs_YhH5qI
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Like the use of the word ‘intended’ in the headline
https://quoteapi.com/resources/da986...g2LZtGs_YhH5qI
All seems a bit cloak and dagger is
http://nzx-prod-s7fsd7f98s.s3-websit...855/281611.pdf
Geo adopts new brand identity
Geo Limited (formerly GeoOp Limited) today launched a new brand and identity for its products and committed itself to a mission to “make it easier out there” for its customers by offering highly relevant, easy-to-use mobile workforce solutions with stand-out customer service.
“The new identity, vision and purpose have formalised our strategy within a framework that clearly articulates our proposition to customers, differentiates us from our competitors, engages our team and makes our value proposition clear. We believe it will accelerate customer acquisition and will be a key initiative in driving increased shareholder value.”
“Geo enjoys an enormous opportunity. The market for our products is huge and growing. Gartner estimates the global market for SaaS services in 2017 was US$60.2 billion. It also forecasts the market will grow at a compound average rate of 18.1% a year to reach US$117.1 billion by 20212.”
Oh goody us poor suckers who bought into the hype with this crappy company might get some of our money back, yeah right :lol::lol: Geo flop :t_down:
I don't understand why reducing cash burn was a priority if they could have grown revenue by 30% instead. In fact if they could grow revenue at that rate over a year, regardless of cash burn, we'd be having a very different conversation right now and probably be in up to our eyeballs (and in my case eating a very big slice of humble pie.)
Worth a punt? 1H19 out. Growing revenues 24%. $2m in bank no debt. $12m market cap. Cash burn and profitability still on the weak side but this seems likely to go into positive territory once a full year of the new pricing has taken effect. Surely an obvious takeover target for some digital company once in positive profitability?
To be honest, I'm surprised they have survived so long. They are still lacking in innovation, are still loosing $150,000 a month. I don't know anyone that would want to buy it as it doesn't really offer anything that someone can't get with either a slightly lower price or a better product offering that all the other players already have.
GeoOp is still a get rich quick scheme and seeing as their ASX listing failed miserably I don't think there will be any huge traction soon.
Probably still worth a punt at 11 cents though.
geo
$0.085 ....
Not a lot of positives here on this thread. Am I missing something? Subscription revenue positive, moving in the right direction and not too shabby, sitting at $4.9 Mil for YE 2019. Burn about 100K per month but sounds like they are close to break-even. Current customers now spending $10 more per month then a year ago. Dont really know much about the product but would appear current customers base likes it and its growing by around 24%. This thing should have a market of at 30 Million as opposed to 6.5 million. I think that is why the current chairman is putting forth a 1.5 million conv note on very reasonable terms.