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Tinybeans Group Ltd (ASX:TNY) is into information technology. The group is known to operate a mobile and web-based platform, called Tinybeans. This platform helps in recording various moments and milestones of family and friends that can also be shared.
On 21 January 2019, the company released its quarterly report for the December quarter FY2019. The company recorded revenue growth of 135% amounting to $1,087,922 in Q2 FY19 over the prior corresponding period (PCP). The record results were primarily driven by significant growth from each of the three revenue lines. Advertising revenues increased to $736k, driven by seasonal holiday campaigns.
More brands are signing up for direct advertising deals, and more advertisers are increasing their investments across the programmatic platform. These results demonstrate the value to advertisers in the TNY audience and targeting capabilities based on the unique data set to get to the right people with the right messages. The company has seen growth across both direct brand partnerships of 357% on the same period last year to $349k, while growing programmatic advertising $386k, which is 130% on the same period the previous year.
Premium subscription revenue went up by 37.0% on the same period 12 months ago to $179k for the quarter with total contract value for premium subscriptions rising from $861k to $998k in the last three months. Printing revenues grew sharply to $172k, increased by more than 95.0% approximately in the same period 12 months ago. This is an encouraging start since TNY recently made upgrades to the printing features of the platform. However, this quarter, the monthly recurring revenues accelerated to $282k per month, representing a 43.0% increase on the previous quarter. The investments in programmatic advertising and premium are making the largest impact on the recurring results.
The company has reported a positive cash flow trajectory as well. With continued record revenue growth, Tinybeans had accelerated growth in cash receipts, with Q2 receipts hitting a record $889k for the period. Tinybeans remains committed to turning operating cash flow positive on a run rate basis in calendar 2019. The company has registered users hits of three million, and Monthly Active Users (MAU) grew to 1.1 Million, an increase of 34.0% in Q2-FY18.
For FY19, the company is committed to maintaining its accelerated growth in advertising and data revenue stream via the launch of an updated IOS app and driving incremental revenues from its existing programs.
Now let us quickly have a look at the Tinybeans Group Limitedâs stock performance and the returns it has posted over the last few months. The stock is currently trading at a price of $0.310 and increased by almost 1.639% during the dayâs trade, with a market capitalization of ~$10.05 million. The stock opened at $0.310 with its day low at the same price and a dayâs high price of $0.350. The stock has yielded a negative YTD return of 3.17% and posted returns of -15.28%, 38.64% and 8.93% over the last six months, three months and one-month period respectively. It has a 52-week high price of $0.810 and a 52-week low of $0.210, with an average volume of 16,410 approximately.
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