I want to like this stock, i really do; cool concept, great platform, major clients and seems to be effective. So why, in the red hot mobile marketing sector, was the growth below 7% from the year ago quarter? And all of the growth seems to have come from acquisitions rather than organic.
Love to be wrong, somebody show me the error of my ways.
I do agree that the concept is cool and they have been signing some pretty impressive clients. With regards to the 7% that was for the last quarter. I believe, off the top of my head and w/out looking, they grew revs about about 66% year over year. I also believe it was a combination of both acquisition and organic growth. What scares me most is cash flow issue. If they can start turning a profit or get a serious cash infusion, I would think they would have a bright future. The Stampt purchase (not sure if closed yet) is huge and should become the lead to opening many more doors in my humble opinion.
Andrew, careful. Growth is up 66% year over year, true. However, that is due almost entirely to the boomtext acquisition if i recall correctly, their core business SHRANK. Wich is why i find the lack of continued growth very concerning. Stampt is interesting, like i said i like the product a lot. Just not sure i like the stock at all.