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1/ $Kahoot
Last week I analyzed this company (in danish, I will translate it soon). But key points:
Info about the company:
- Founded: 2012
- Employees: 71
- Investors: Disney, Microsoft, SoftBank, GS, etc.)
- Brands: Kahoot, Poio, DragonBox, Actimo
Last week I analyzed this company (in danish, I will translate it soon). But key points:
Info about the company:
- Founded: 2012
- Employees: 71
- Investors: Disney, Microsoft, SoftBank, GS, etc.)
- Brands: Kahoot, Poio, DragonBox, Actimo
2/ Keypoints
Platform-based (network effects)
Content provided by the user (think FB, Tiktok, Pinterest, etc.)
- Project launches
Expect to create increased expectations for 2021
- Insider purchases
Purchase of CEO, CRO, and board member, total: 650,000 shares, oct.
Platform-based (network effects)
Content provided by the user (think FB, Tiktok, Pinterest, etc.)
- Project launches
Expect to create increased expectations for 2021
- Insider purchases
Purchase of CEO, CRO, and board member, total: 650,000 shares, oct.
3/ Keypoints
- Recognized as a market leader and first mover
This means that many non-digital users are being moved digitally (via Covid-19, for example) - Here, they will be strong, and it is hardly a market where you shop around for solutions.
- Recognized as a market leader and first mover
This means that many non-digital users are being moved digitally (via Covid-19, for example) - Here, they will be strong, and it is hardly a market where you shop around for solutions.
4/ Numbers
- P/S is high, but YoY growth in ARR of + 200%, so you have to include it in P/S on a 2-3-year basis instead of here and now
- 45% YoY growth in active users (21 million people)
- Strong growth in numbers of paying users in one quarter. Growth Q3/19-Q3/20 was 160%
- P/S is high, but YoY growth in ARR of + 200%, so you have to include it in P/S on a 2-3-year basis instead of here and now
- 45% YoY growth in active users (21 million people)
- Strong growth in numbers of paying users in one quarter. Growth Q3/19-Q3/20 was 160%
5/ Numbers
- YoY earnings growth is 241% from $ 3.4M in Q3/19 to $11.6M in Q3/20
- EBITDA for the first nine months of 2020 is - $ 1.2M as opposed to - $ 5.8M in 2019
- Expects 20% growth from 20% from Q3/20 to Q4/20, so revenue hits $ 14M this Q from $ 11.6M in Q3/20
- YoY earnings growth is 241% from $ 3.4M in Q3/19 to $11.6M in Q3/20
- EBITDA for the first nine months of 2020 is - $ 1.2M as opposed to - $ 5.8M in 2019
- Expects 20% growth from 20% from Q3/20 to Q4/20, so revenue hits $ 14M this Q from $ 11.6M in Q3/20
6/ Collebrations
- In terms of Microsoft investment, Kahoot is integrated with Microsoft Teams
- Integrated with Zoom 14.10.2020
- Integrated with Disney characters in Kahoot! Academy - Launched in Q4
- Investment from SoftBank: Can provide massive exposure and access to Asia
- In terms of Microsoft investment, Kahoot is integrated with Microsoft Teams
- Integrated with Zoom 14.10.2020
- Integrated with Disney characters in Kahoot! Academy - Launched in Q4
- Investment from SoftBank: Can provide massive exposure and access to Asia
7/ Undervalued keypoints (1/3)
- Kahoot has its own accelerator program Kahoot! Ignite
Huge advantage: Gets direct access to see, develop and invest in other learning and gaming apps/startups, which can be a competitor, partner, or similar
- Kahoot has its own accelerator program Kahoot! Ignite
Huge advantage: Gets direct access to see, develop and invest in other learning and gaming apps/startups, which can be a competitor, partner, or similar
/7 Undervalued keypoints (2/3)
Both the VCs, but also the companies that are investors (Microsoft, Disney) have scaled many businesses from the current stage to international companies (and as before, they also have extensive experience in acquiring and implementing these)
Both the VCs, but also the companies that are investors (Microsoft, Disney) have scaled many businesses from the current stage to international companies (and as before, they also have extensive experience in acquiring and implementing these)
/7 Undervalued keypoints (3/3)
Change of stock exchange - From Markur to Oslo Børs
It is expected in 2021 to switch to the major stock exchange in Norway - It can mean a lot for the stock (and trading with it). Several institutional investors/index funds must go into it
Change of stock exchange - From Markur to Oslo Børs
It is expected in 2021 to switch to the major stock exchange in Norway - It can mean a lot for the stock (and trading with it). Several institutional investors/index funds must go into it
8/ Acquisitions
All basic rules have been followed in relation to VC-money with acquisitions after a closed investment round - Kahoot Acquired Poio and DragonBox in '19. It is a very healthy sign that they acquired Actimo in '20. Sign of successful experience with Acquisitions
All basic rules have been followed in relation to VC-money with acquisitions after a closed investment round - Kahoot Acquired Poio and DragonBox in '19. It is a very healthy sign that they acquired Actimo in '20. Sign of successful experience with Acquisitions
9/ Closing
-Since Q3-report, they got §215M from SoftBank (and no debt) = Scale
-Big chance in an uplift in guidance for Q4 (qua Softbank and Covid-19 continues)
-If you owe the stock: Hold longterm. If you wanna get in: Wait and see this sector rotation happing right now
-Since Q3-report, they got §215M from SoftBank (and no debt) = Scale
-Big chance in an uplift in guidance for Q4 (qua Softbank and Covid-19 continues)
-If you owe the stock: Hold longterm. If you wanna get in: Wait and see this sector rotation happing right now
