Today, on 29th April 2019, Gooroo Ventures Limited (ASX: GOO)
published an Investor Presentation, where it highlighted its key areas of focus in improving an organisation’s understanding of their customers, prospects and employees. Its technology is used to build more trusted experiences, better engagement and stronger collaboration between people. The group’s platform is used by the enterprises and consulting partners for human capital solutions, to diagnose, design and construct pathways for growth by ensuring the right people and teams are in place to take advantage of the future. The platform is used by marketers and communication agencies to deliver new meaning into the existing and new customer data to tailor messaging for more effective targeting, performance and growth. It is used by the individuals, educators and career coaches to unlock potential through the alignment of an individual’s mindspace and passions to new careers, training and jobs. It is used by expert advisory services and training programs that support the sale, application and implementation of Gooroo technology.
After implementing the Gooroo’s technology, the customers witnessed an increase in the staff engagement and team performance, improvement in the speed and quality of decisions at all the levels of an organisation, reduction in the number and cost of bad hires, improvement in the return on advertising spends, and better preparation in taking advantage of disruption, volatility and uncertainty in their business and industry.
As per the commercial model, Gooroo is typically distributed through partners who sell and implement Gooroo software, or via those who design and market solutions that have Gooroo technology embedded with theirs. Users (organisations) are charged a license fee to access Gooroo technology. This annuity-based licence fee is tied to staff numbers or the volume of customer records. Additional revenue is earned from the delivery of training courses, certification programs, platform usage fees and partner royalties.
The company’s key priorities over the next 12 months are delivering the accelerated revenue growth, expanding strategic partnerships and pushing towards cash flow positivity. To achieve sustainable growth, the company will continue the research program to deliver proof points that validates Gooroo technology and impact. The group expects to build a blue-chip portfolio of domestic and global clients and broaden awareness of the Gooroo value proposition. It aims to initiate international expansion and expand platform capabilities. The company has begun to embed Gooroo technology within third-party platforms and expects to maintain a prudent financial management regime.
The company provided evidence to the Senate Select Committee, where the parliament of Australia accepted a submission from Gooroo on the future of work and workers.
In Q3 FY2019, revenues were up by 39%, and customer receipts were up by 292% compared to Q3 FY2018. Its year-to-date revenue reached $583k, up 178% compared to YTD FY18 and continue to diversify. The group also reported a reduction of $126k in operating expenses compared to Q3 FY2018, which attributed to an increase of $75k in net profit.
At the time of writing (April 29, 2019, AEST 02:30 AM), the stock of Gooroo Ventures is trading at $0.075, down 6.25% with a market capitalisation of ~$8.8 million. Today, it reached day’s high at $0.078 and day’s low at $0.072, with a daily volume of 85,665. Its 52 weeks high price stands at $0.116 and 52-weeks low price at $0.035, with an average volume of 440,094. Its absolute return for the past one year, six months and three months are 23.17%, 35.29%, and 60%, respectively.
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