Yesterday, EXO U reported its Q2, 2015 results. The company lost $2.75-million on revenue of $312,734.
“I am very pleased with our progress in our key target markets,” said CEO Shan Ahdoot. “Today, we are at various stages of discussions with a number of countries around the world and have received positive feedback. Based on these discussions, we anticipate deployments to begin over the next 12 months. We have also made significant investments in growing our research and development team to accelerate the development of new features for our solution, and ultimately facilitate the acquisition and implementation of new customers.”
Thadani, noting that the quarter met his expectations, says he expects that EXO U’s topline will soon rise sharply as the result of recurring revenue contracts he anticipates the company will sign in the near term. Though he says predicting the exact moment contracts will be inked is challenging, the analyst thinks the company will hit reach revenue of $32.4-million in fiscal 2016.
“EXO U’s flexible software solution, strong focus on educational & enterprise segments, robust management team aided by an able and well-credentialed Board of Directors & Advisors, channel partner strategy, strong balance sheet and initial educational segment revenue traction set the company up well for executing a rapid revenue build-out in 2015 and 2016,” said Thadani.
In a research update to clients this morning, Thadani maintained his “Speculative Buy” rating and one-year target of $6.00 on EXO U, implying a return of 101% at the time of publication.
Founded in 2010, Montreal-based EXO U is an enterprise mobility player focused on delivering a technology agnostic framework that brings a native level of usability to apps across multiple platforms. The company’s software allows for apps to be developed once then deployed across a variety of operating systems, bringing greater efficiency to often fragmented markets.
RBC Dominion Securities analyst Paul Treiber says poor sentiment toward software stocks, weak organic growth and limited capital deployment are… [Read More]
Roth Capital Partners analyst Scott Searle says InterDigital’s (InterDigital Stock Quote, Chart, News, Analysts, Financials NASDAQ:IDCC) new patent licence agreement… [Read More]
Black Swan Dexteritas president and portfolio manager Kim Bolton says IBM (IBM Stock Quote, Chart, News, Analysts, Financials NYSE:IBM) remains… [Read More]
National Bank Financial analyst Baltej Sidhu says Hammond Power Solutions’ (Hammond Power Solutions Stock Quote, Chart, News, Analysts, Financials TSX:HPS.A)… [Read More]
Roth Capital Partners analyst Taz Koujalgi says SailPoint (SailPoint Stock Quote, Chart, News, Analysts, Financials NASDAQ:SAIL) delivered a good quarter,… [Read More]
Propellus Wealth Partners portfolio manager and senior wealth advisor Mike Vinokur says Expedia (Expedia Stock Quote, Chart, News, Analysts, Financials… [Read More]
View Comments
Italy has a corporate tax rate of 27.9%. Companies that operate under VAT have to pay tax on purchases at 22%. Certain services, like those related to some foodstuffs, water supplies, some pharmaceutical products, domestic passenger transport, admission to cultural events, some social housing, and others, benefit from a 10% VAT rate. http://www.confiduss.com/en/jurisdictions/italy/business/bank-account-opening/