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10/25/22 6:59AM
Re: Anyone still follow?
20
I bought recently and also wrote it up for MicroCap Club.Agree that it's cheap for a sticky software business (though it's really more like 2x SaaS revenue because they have about $10 million of call... login to read the rest
Does anyone still follow this name?
1.5x sales for a super sticky software business with decent organic growth. ~8x EBITDA, and there's definitely some untapped pricing power here. Seems like an asset that would trade 3-4x
Hey Slacktide,
Figured someone else should get active on this board other than just you!
In terms of market size, how many "roofs" are there in their current client base that would be easy to penetrate, how... login to read the rest
First, on October 4th QIS announced they've hired a third party IR consultant. She seems to have a sense of urgency about her to increase awareness, liquidity and valuation. Soon they will have an investor... login to read the rest
More detail on QLIK buyout (recurring revenue detail was left off comp table) from Jefferies, done at 10x+ recurring revenue (lower % recurring):
Qlik Technologies (QLIK): QLIK To Be Acquired By Thoma Bravo
QLIK
Key Takeaway
QLIK announced it... login to read the rest
There has been a sharp increase in the pace of software buyouts since the end of April. Buyouts are getting done on average in the 7x recurring revenue range.
Here is a table compiling some of... login to read the rest
QIS reported Q1 results today.
Here is a link to the press release:
http://files.ctctcdn.com/0d84405e101/650fdd73-954f-4cec-9552-904d172f7c26.pdf
1) Core Revenue growth accelerated to 22%...Core Revenue is something we track and is everything except transitions revenue which are lumpy and transactional in... login to read the rest
Quorum finally reported Q4/Full year 2015 results. There were not too many surprises. Increased third party costs were the biggest surprise/disappointment. A quick update is below.
Integration revenue distorts what we view as the the pure... login to read the rest
Just realized that the above sensitivity table uses $24,000 in revenue per year for the 60 dealers, but as mentioned just a few days ago when commenting on ARPU, the Tricor dealers will have an... login to read the rest
Here is a senstivity table of the likely incremental EBIT that will come from adding 30-70 dealers over the next two years. I think 85-90% incremental margins on is attainable. Tricor alone has ~80 dealerships... login to read the rest
I was going back through Quorum's old MD&A's to see how ARPU held up during the Great Recession. ARPU was quite resilient and rose year over year in 2009. I think that even if car... login to read the rest
QIS seems to be on a PR tear right before the National Automobile Dealers Association convention, which comprises one of their largest marketing expenditures for the year. Nothing too earth shattering in this release, although... login to read the rest
Quorum continues to hire in advance of an accelerating pace of new dealer implmentations. Margins could be squeezed a bit in Q4 and Q1 due to this, but going forward I think the rate of recurring... login to read the rest
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