CCUR was the 10th biggest NASDAQ gainer yesterday but is still receiving no valuation at all for its video delivery solutions business, which allows pay-TV subscribers to watch TV from any location over any device! Much larger gains appear to be coming in the short-term. At $6.94 with only 8.72mm o/s, CCUR has a market cap of $60.52mm, with $24.6mm in cash, no debt, and an enterprise value of only $35.92mm!
Last week, ERIC signed a deal with MSFT to acquire their Mediaroom multi-screen video business for just below $200mm. It has a multi-screen reach of 11mm pay-TV households. CCUR recently signed huge multi-screen video delivery deals with the largest pay-TV companies in Japan, Germany, and the UK, for a multi-screen reach of 14.8mm pay-TV households! CCUR is rapidly growing its multi-screen video market share and has the world's #1 largest video on demand (VOD) market share - with a reach of 50mm VOD households!
CCUR paid $15mm to purchase their media data intelligence (MDI) business, which tracks the viewing behavior of 35mm pay-TV households. CCUR also owns a real-time ultra high performance computer technology business, which powers simulator devices used in the defense, automotive, and aerospace industries. CCUR's real-time business has clients like Lockheed Martin, Boeing, and General Electric, with annualized revenue of $27.6mm. Just CCUR's MDI and real-time businesses are together worth much more than CCUR's current enterprise value!
CCUR's video delivery solutions business is very profitable with annualized revenue of $33.8mm, yet shockingly it's currently receiving no value at all! CCUR's multi-screen contracts already equal a larger multi-screen video reach than MSFT's Mediaroom had, and it was just acquired by ERIC for nearly $200mm!