Pureprofile Ltd is a data analytics, consumer insights and media company underpinned by proprietary technology, servicing business decision makers in brands and media companies as well as market researchers. The company has an established position with delivering insights to clients across 89 countries and has captured through its panel fully declared, deep consumer profiles, first-party data and insights. Pureprofile has reported Q3 revenues of $7.1m, up 25% on the previous corresponding period, and a 150% improvement in EBITDA to $0.506m. The company also reported positive operating cashflow for the quarter of $0.79m versus negative cash outflow of $1.3m in Q3 FY20. This is the second consecutive positive cashflow quarter for the year and follows the transformational restructure which cleaned up the company’s balance sheet and re-set the business to focus on growth. PPL has reiterated it expects to deliver FY21 EBITDA of $3.0m. We have upgraded our forecasts to reflect stronger than expected revenue growth over the past two quarters and this has resulted in our FY21 EBITDA forecast lifting to $3.0m from $2.9m previously, in line with guidance. Our base case DCF valuation is now $0.053/share (previously $0.046/share).
