appScatter (APPS)

Business description

appScatter is a B2B mobile app distribution, management and intelligence company, whose cloud-based platform helps its customers distribute to and monitor more than 50 app stores globally. It is also building one of the largest repositories of app store data and plans to launch a marketplace to support third-party app integrations in early 2018. The company was founded in 2013 and listed on AIM in September 2017.

Stock data

Market cap.£27.8m
Last close44.00p
High / Low (52 weeks)75.0p / 44.0p
Stock market listingLN
Forecast net cash (£m)1.7
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(18.5)(34.8)N/A
Relative *(19.4)(35.9)N/A

* % Relative to local index

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Investment summary

appScatter is an early-stage business commercialising its cloud-based platform that allows app developers to distribute, manage and gather intelligence across multiple app stores globally. The recent public launch of the platform is expected to significantly boost licensed users and with a developed pipeline of registered interest, we forecast revenues to increase rapidly, bringing the group to EBITDA break-even during H119. Visibility on key variables should improve during 2018 and evidence of a successful launch could result in an upward rating of the shares.

Last updated on 28/11/2017

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2015A 0.0 (2.1) (2.1) N/A N/A N/A
2016A 0.0 (3.5) (3.6) N/A N/A N/A
2017E 2.1 (5.3) (5.6) (10.2) N/A N/A
2018E 6.8 (2.9) (3.2) (5.1) N/A N/A

Last updated on 08/12/2017

Latest research

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Executive Interview - appScatter

Key management

Clive Carver, Chairman
Philip Marcella, CEO
Manish Kotecha, FD
Jason Hill, Sales Director
James Eggleston, Chief Technology Officer

Company address

Salisbury House
London Wall
London
EC2M 5PS
United Kingdom
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