Freedom (FRHC)

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Freedom (FRHC) - 2019 Q1 - Earnings Call Transcript
2019-05-16 02:55
Financial Data and Key Metrics Changes - Total revenue for Q1 2019 was $592,000, representing a 132% increase compared to the same period last year [19] - Gross margins improved to 42% from 27% in the prior year, excluding discontinued products [19] - Q1 2019 net loss was $5.8 million, which included a $2 million charge related to noncash warrant evaluation [20] - Adjusted EBITDA loss was $3.9 million, compared to a loss of $2.4 million in Q1 2018 [20] - The company raised $8.8 million after the close of the quarter through various equity offerings [21] Business Line Data and Key Metrics Changes - The verticals experienced a growth of 132% year-over-year, driven by the expansion of BIGtoken [19][17] - The company is entering the monetization phase of BIGtoken, with several strategic agency partnerships being formed [12] Market Data and Key Metrics Changes - The digital ad spend in the United States reached $108 billion in 2017, marking a significant milestone for the industry [7] - The Asia digital ad industry is projected to exceed $300 billion by 2020, indicating a substantial market opportunity for BIGtoken [13] Company Strategy and Development Direction - The company is focusing on expanding BIGtoken internationally, with plans to launch in Asia and Europe [13][14] - There is a strong emphasis on enhancing the data collection capabilities through the BIGtoken app, which is expected to provide more valuable data for marketers [10][11] - The company is also exploring synergies between BIGtoken and other verticals, particularly in consumer packaged goods [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the 2019 revenue guidance of $20 million to $25 million, with a growing pipeline of $10 million for Q2 [21][55] - The management noted that the monetization of BIGtoken has been accelerated due to increased interest from advertisers [45] Other Important Information - The company is currently in discussions regarding the S1 filing for BIGtoken and is responding to SEC inquiries [56] - The company has approximately 10.1 million shares outstanding as of March 31, 2019, and remains debt-free [21] Q&A Session Summary Question: Can you talk about BIGtoken active users and their geography? - Management clarified that active users are not a key metric as BIGtoken does not generate revenue from user engagement within the platform [27] - Growth is observed globally, with significant adoption in the U.S. and Southeast Asia, while Europe is still being developed [29] Question: Can you provide insights on user engagement and quality scores? - Management indicated that users who provide more information earn higher quality scores, which determine the value of their data [31] Question: What is the status of the sales team and their contributions? - The company has around 29 salespeople, with most hired in the last quarter, and is starting to see their contributions materialize [49][50] Question: How is revenue from BIGtoken being integrated into other verticals? - Management noted that revenue from BIGtoken is increasingly overlapping with other verticals, particularly in consumer packaged goods [37] Question: What measures are in place to ensure the authenticity of users? - Management stated that industry tools are used to verify real users, ensuring that advertisers do not pay for fake traffic [39][40] Question: What is the timeline for monetization of BIGtoken? - Initial monetization has been accelerated, with deals being closed sooner than expected, although revenue recognition may occur later in the year [45]
Freedom (FRHC) - 2018 Q4 - Earnings Call Presentation
2019-04-02 10:48
SRAX Q4 & FY 2018 Results Conference Call April 1, 2019 Safe Harbor Statement This presentation contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words or expressions such as "anticipate," "plan," "will," "intend," "believe" or "expect'" or variations of such words and similar expressions are intended to identify such forward-looking statements. Thes ...
Freedom (FRHC) - 2018 Q4 - Earnings Call Transcript
2019-04-02 02:40
Social Reality, Inc. (OTC:SRAX) Q4 2018 Results Earnings Conference Call April 1, 2019 4:30 AM ET Â Â Company Participants Kirsten Chapman - LHA IR Christopher Miglino - CEO Michael Malone - CFO George Stella - VP of Shopper Kristoffer Nelson - COO Conference Call Participants Mike Crawford - B Riley FBR David Lavigne - Trickle Research Matthew Larson - National Securities Marc Steinberg - Westpark Capital Operator Greetings, and welcome to SRAX's Fourth Quarter and Full Year 2018 Results Conference Call. A ...
Freedom (FRHC) - 2019 Q3 - Quarterly Report
2019-02-12 22:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2018 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to _________ Commission File Number 001-33034 FREEDOM HOLDING CORP. (Exact name of registrant as specified in its charter) | Nevada | 30-0233726 | | --- | --- ...