Daily Brief TMT/Internet: Jusung Engineering, Immersion Corporation, p-ban.com , Eventbrite Inc, Genius Sports Ltd, Constellation Software, Cirata and more

• The reshuffle results align with expectations, but the decision to list 11 KOSDAQ Global stocks in April is surprising. Local authorities seem to prioritize boosting the derivatives market for liquidity.
• Ecopro Materials’ SSF listing, earlier than expected, attracts attention, potentially leading to an unusual basis pattern, coinciding with a major lockup release on May 17th.
• We should also be wary of a pattern akin to last July’s in KOSDAQ stocks. Spot prices of recent SSFs showed a pronounced short-term uptrend, especially in KOSDAQ, versus KOSPI.

• The increase in automotive revenue in 2023 has led to greater revenue diversification at Immersion (IMMR) reducing some of the variability the Company has historically experienced between quarters
• IMMR reported fourth quarter results better than we were projecting led by an increase in automotive and video game revenue.
• The fourth quarter results did not include the benefits of the settlement with Meta Platforms (META), which causes IMMR’s cash balance to rise further

• Cumulative 3Q sales came in at ¥1,458 mn (-1.2% YoY), operating profit at ¥75 mn (-38.1% YoY), and net profit at ¥76 mn (-37.0% YoY), marking a substantial drop in profit while the top line remained mostly flat.
• This reflects the company’s medium-term management plan, which calls for increased investment in human capital.
• The company disclosed sales by service for the first time in this quarter’s financial results, and cited sales expansion through cross-selling of each service as the key to future growth. 

Key points

• Eventbrite has reduced friction in the customer experience to scale efficiently
• Expanded offerings include reserved seating, merchandise sales, and on-site check-in
• Eventbrite has become a one-stop shop for event creators, increasing customer satisfaction and retention

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Genius Sports has exclusive partnerships with major leagues and is one of two global data providers for sports betting
• The company is expected to benefit from the legalization of online sports betting in Brazil starting July 1st, 2024
• With strong cash position and positive Street EBITDA estimates, Genius Sports has an enterprise value of approximately $1.15 billion

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Host Andrew Walker welcomes Drew Cohen from Speedwell Research onto the podcast to discuss Constellation Software.
• Constellation Software is a holding company founded in 1995 by Mark Leonard, known for acquiring small, niche vertical market software companies at low multiples.
• Constellation Software now has 750-1000 software companies under its umbrella, generating around 8 billion in revenue and 1.1 billion in free cash flow.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

• Formerly known as WANdisco, now Cirata PLC (CRTA), has faced challenges including trading suspension and a capital raise due to fraud, causing investors to overlook its stock.
• A new management team has taken over and aims to leverage CRTA’s cutting-edge data migration software, powered by the distributed PAXOS algorithm, to achieve ambitious long-term goals.
• CRTA’s technology allows for fast and accurate replication of large, changing datasets with zero downtime and data loss, with potential applications in AI, machine learning, IoT, and data analytics, generating significant value for investors.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.