Q: Can you please comment on Illumin's quarter and what you think of its future prospects. Buy, Sell or Hold?
As well, in your opinion does WISH have any chance of becoming a viable investment or is it dead and buried and time for me to let go?
I will add my name to the growing list of 5i members to say THANK YOU for NBIS
Cheers
Scott
As well, in your opinion does WISH have any chance of becoming a viable investment or is it dead and buried and time for me to let go?
I will add my name to the growing list of 5i members to say THANK YOU for NBIS
Cheers
Scott
5i Research Answer:
Revenues saw a slight beat but EBITDA missed estimates. Revenues were up 13% which is nice to see and self service revenue was up 28% whicle managed service was down. The company mentioned how new client additions has proven challenging. We think it is difficult to remain particularly intersted in ILLM.
On Wishpond, at a $9 mln market-cap, and declining revenues, we would view it as too small at this stage.