Trending >

Imperus Technologies has positive momentum, says Cantor Fitzgerald Canada

Imperus Technologies
Imperus Technologies CEO James Lanthier in Toronto November 17, 2015.

Following Imperus Technologies (Imperus Technologies Stock Quote, Chart, News: TSXV:LAB) first quarter results, Cantor Fitzgerald Canada analyst Ralph Garcea is feeling positive about the company’s future.

Yesterday, Imperus reported its Q1, 2016 results. The company earned $1.81-million on revenue of $10.86-million, a 178 per cent increase over the topline the company reported in the same period last year.

“In the first quarter, strong performances in February and March helped us recover from the typical seasonal low of January,” said CEO James Lanthier. “We see this momentum continuing in the second quarter to date. Additionally, our Spanish-language mobile games continue to grow at a double-digit rate month over month. This was our first full quarter of ownership of both Diwip and Akamon, and, in the quarter, we established a clear operating management structure. We have made strides in sharing marketing platforms, tools and best practices across the combined organization, and this work will continue to progress over the next two quarters.

Garcea says Imperus’s management is showing that it can expand margins after integrating key acquisitions. He believes leverage is improving for the company.

“With the completion of the Akamon acquisition and one full quarter of integration, LAB is focusing on synergies between Diwip and Akamon which include applying Akamon’s leading CRM and player management methodologies to the Diwip player base,” says the analyst. “We expect multiple cross-selling opportunities to be created through a vastly expanded base of players and game library.”

In a research update to clients today, Garcea maintained his “Buy” rating and one-year price target of $0.50 on Imperus Technologies, implying a return of 456 per cent at the time of publication.

More Cantech Analysts

About The Author /

Nick Waddell
Cantech Letter founder and editor Nick Waddell has lived in five Canadian provinces and is proud of his country's often overlooked contributions to the world of science and technology. Waddell takes a regular shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications such as Canadian Business and Business Insider.
insta twitter facebook

Comment

Leave a Reply

Your email address will not be published. Required fields are marked *