Gooroo Ventures Limited (ASX: GOO) is a company which uses its expertise related to the technology towards marketing and careers as well as towards human capital. As per the company’s presentation, the customers utilize the Gooroo technology in designing as well as developing higher performing teams. There are several other areas in which the customers utilize the Gooroo technology some of which are to point out the future leaders as well as managers and getting to know the process of developing them and the technology can also be used towards understanding capabilities of the present staff. The selling procedure of Gooroo happens through the distribution partners.
However, it can also be made available to the enterprises directly. Let us now have a look at the fees. The top management of the company stated that they are still in the process of adapting itself to customers or clients’ needs. They also added that the adoption would be happening at the rapid pace moving forward and they would be working on the path they have planned.
As per the management, the customers would be shelling out the license fees in the range of $33,000-$250,000 per year and they also need to pay consumption/usage fees. The company’s management reflected favourable view-points with respect to the future performance. They stated that, moving forward, on the quarter-over-quarter basis, its revenues are expected to witness a rise. The robust momentum in the revenues is expected to be witnessed in the clients’ portfolio. Moving forward, the company would also keep a check on its costs.
The company also plans to build the strong portfolio of the clients in which there would be both global as well as domestic clients. It would also work towards the awareness with respect to the value proposition of Gooroo and it is also targeting international expansion. However, the company would also focus on its cash flows and would try to make it positive.
On November 27, 2018, the stock price of Gooroo Ventures ended the session on the positive note. Its share price managed to settle at A$0.061 per share which implies that the stock rose A$0.001 per share or 1.667%. The company’s market capitalisation stood at circa $5.2 million. However, the stock price of the company is trading towards the lower range.
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