Great article about Skllz earning Q12021.
Importants points:
1. Large Total addressable market.
-Expanding Android market 2x faster than Apple users.
-Expanding india market by end of the year.
2. Cash burning.
-EBITA loss is higher than last year due to very high marketing expense but MAU is almost static.
-However compensated by increase in PMAU and ARPPU. Hopefully the next quarter should see higher raise of GMV or ARPPU.
3. Ev/ revenue of 16 is still considered cheap.
4. Debt is zero. Cash flow is positive.
5. revenue & gross margin growth is very high.
-Projected total revenue by end of 2021 is 375 million. Will it achievable? Probably yes.
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