Kape reported a bland if not confident update this morning, with figures broadly as per its trading statement on 30 July. The group has undergone a period of strategic consolidation in our view. While user count has clearly stagnated HoH at c.1.1m, retention improving to 82% has improved visibility on future revenue streams. Extrapolating this trend implies a 27% boost to the company’s future expectations to US$38m from recurring existing subscriptions. The group’s cash position w
17 Sep 2019
H1’19: Inline; a period of consolidation
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H1’19: Inline; a period of consolidation
- Published:
17 Sep 2019 -
Author:
Kartik Swaminathan -
Pages:
2
Kape reported a bland if not confident update this morning, with figures broadly as per its trading statement on 30 July. The group has undergone a period of strategic consolidation in our view. While user count has clearly stagnated HoH at c.1.1m, retention improving to 82% has improved visibility on future revenue streams. Extrapolating this trend implies a 27% boost to the company’s future expectations to US$38m from recurring existing subscriptions. The group’s cash position w