First major updates from #MOS since launch of the new business ~6 months ago. Excellent progress being made: revs up over 100% MoM in Nov, and subscriber growth ahead of expectations.

Marketing campaigns only commenced in Oct, so bodes very well for continued growth. 1/n

Numbers currently very small: revs from Streams Data "now approaching the net revenue brought in via the legacy business" (which is ~£50k pm, so I assume £30K to £40k revs in Nov for Streams Data).

However, group cash burn over the past 4 months has been tiny, at ~£55k pm. 2/n

Consequently it really won't take much for #MOS to achieve positive FCF.

MOS also announced a major partnership today with Chinese digital communications agency, ANOTHER_., to launch the Streams platform in the Chinese market. Launching in March.

This is hugely positive. 3/n

"The product will be targeted at Chinese companies which have challenges accessing aggregated content and data on western social media and are looking to market their services to western customers."

This market is immense: a successful launch would utterly transform #MOS. 4/n

I consider #MOS as a v speculative holding, with immense upside. Current mkt cap £2.9m; EV £1.8m.

Likely heading into 2021 with a rev run-rate of a little under £1m (split 50/50 between the two divs). But owing to its frictionless scalability, this could balloon rapidly. 5/n