Dragontail Installed More Than 300 New Stores In February 2019

Dragontail Systems Limited

Dragontail Systems Limited (ASX: DTS) is into the information technology sector and was founded in 2016. The headquarter of the company is situated in St Georges Terrace, Perth, Australia. The company’s core technologies include Algo, Algo Light, Driver’s Platform. Algo Dispatching System is a major development of the company which enables the customers to track their orders online.

On 1 March 2019, the company has announced that its products were installed in over 300 new stores during the month of February.  This achievement demonstrates the potential pace at which the company can grow month on month installations.

These installations are a combination of the two flagship products of the company, the ALGO Dispatching Platform, and the Artificial Intelligence QT Camera, and took place over three continents including Asia, North America, and Australia.

The Managing Director of the company Mr. Ido Levanon said that the company had overcome the delays in the last couple of months which were beyond its control and made a solid start towards meeting its installation targets for this year and enters an exciting phase of accelerated hockey stick growth.

On the operating results front, the company reported total revenue was up of $1,074,676 up by 350% as the company has started to commercialize and scale its unique food preparation and delivery optimization technologies. The total loss for the year was $7,041,539 as compared to a loss of $4,659,059 in 2017 driven by the increased global activities and resourcing as Dragontail executed on the growth opportunities available to it with large global QSR / foodservice customers.

The total cash receipts for 2018 financial year was three times greater than in 2017. Some of the installations planned for late 2018 were postponed to the early part of 2019 by the company due to circumstances beyond their control. The company has adjusted its forecasts accordingly and estimates the achievement of its install base original forecast of 1,700 installations by the end of Q2 2019.

The company has signed a collaboration agreement with Weezmo Technologies Ltd. It is a unique company and holds the exclusive proprietary software for issuance of digital invoices and the provision of remarketing and customer behaviour analyses services to increase its customers’ conversion. Dragontail is expected to significantly reduce the costs of integration with POS companies, as a result of the engagement. Moreover, it has signed a strategic agreement with Jubilant FoodWorks Limited (Jubilant), the master franchise for Domino’s Pizza in India, with 1,134 stores, as well as the master franchise for Domino’s Pizza in, Sri Lanka, Nepal and Bangladesh and Dunkin’ Donuts in India.

On the price-performance front, the stock of Dragontail Systems last traded at $0.155 and with a market capitalization of ~$39.68 million. The stock has generated a negative YTD return of 17.95% and posted negative returns of 38.46% and 3.03% over the last three months and one-month period. However, it has generated a return of 18.52% over the last six months period. The stock has a 52-week high price of $0.315 and a 52-week low price of $0.015, with an average trading volume of 364,287.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

Top 25 Dividend Stocks report for April

People prefer a dividend stock in their portfolio as it possesses the feature of compounding. Compounding means that the earning which is generated through these dividend stock will get reinvested and will eventually create earnings from earning. More precisely, the dividend generated from these dividend stock will get reinvested to buy another set of a share of the dividend stock which results in giving a higher dividend.

Click here to download your top 25 dividend stocks report!

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report

LEAVE A REPLY

Please enter your comment!
Please enter your name here