Average annual earnings growth of 138% is required to achieve expected profit on schedule. 2022 expected loss increased from -US$0.55 to -US$0.65 per share. markets. Experienced Management: FORA's management team is considered experienced (3.5 years average tenure). Trading at 82.8% below our estimate of its fair value, Earnings are forecast to grow 105.36% per year, Shareholders have been diluted in the past year, VerticalScope Holdings Inc. announced that they will report Q2, 2022 results After-Market on Aug 09, 2022. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Any information that you receive via FT.com is at best delayed intraday data and not "real time". We are seeing continued positive momentum in Advertising, and while we see softness in e-commerce shopping compared to the prior year, we anticipate returning to year-over-year revenue growth in the e-commerce segment in Q2. How does FORA's PE Ratio compare vs other companies in the CA Interactive Media and Services Industry? It provides digital advertising services, including direct advertising campaigns, custom content solutions, and programmatic advertising; and e-commerce solutions. What is FORA's PS Ratio compared to its Fair PS Ratio? and inflation protection, Dow Jones Rallies; Tesla Erupts As Elon Musk Teases "Best Product Ever"; Although the Company believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurances can be given that actual results will be consistent with these forward-looking statements. Revenue exceeded analyst estimates by 2.1%. Reported on 5/10/22. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. FORA is unprofitable, making it difficult to compare its past year earnings growth to the Interactive Media and Services industry (-15.5%). What is VerticalScope Holdings's current dividend yield, its reliability and sustainability? This press release also makes reference to Average Revenue Per User (ARPU) and MAU, which are operating metrics used in our industry. Prior to Threadloom Mr. Lee was a Senior Product Manager at Google. Free Cash Flow means Adjusted EBITDA less capital expenditures and income taxes paid during the period. Please try again. The consensus outlook for 2022 has been updated. Other financial metrics that can be useful for relative valuation. Apple Stock Pops, Wall Street closes higher boosted by strong Tesla earnings, Russia broke the stock market. Such risks and uncertainties include, but are not limited to, the factors discussed under Risk Factors in the Companys Annual Information Form dated March 31, 2022, which is available on the Companys profile on SEDAR at www.sedar.com. Copyright 2022 Dow Jones & Company, Inc. All Rights Reserved. Measures how much net income or profit is generated as a percentage of revenue. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. FORA (CA$9.22) is trading below our estimate of. Fluctuations to this percentage are expected as acquired communities are onboarded and prepared for migration to the Fora platform. Is FORA undervalued compared to its fair value, analyst forecasts and its price relative to the market? The Company also has a particular interest in purchasing online communities in various consumer categories. Earnings per share (EPS) missed analyst estimates. Currency figures normalised to VerticalScope Holdings Inc's reporting currency: Canadian Dollar CAD, All markets data located on FT.com is subject to the. Although the pace of capital deployment slowed in the quarter compared to a very busy end to 2021, our M&A pipeline is very deep and we expect the pace of acquisitions to increase throughout the year.. FORA's revenue (16.1% per year) is forecast to grow slower than 20% per year. VerticalScope Holdings Inc., a technology company, operates a cloud-based digital community platform in Canada. Reducing Debt: Insufficient data to determine if FORA's debt to equity ratio has reduced over the past 5 years. Rather, these measures are provided as additional information to complement those IFRS measures by providing further understanding of the Companys results of operations from managements perspective. Fundamental company data and analyst estimates provided by FactSet. The Company has built a portfolio of approximately 1,200 online communities and over 100 million monthly users. Live Call Registration and Webcast: https://events.q4inc.com/attendee/876704005, Joining by telephone: Canada: 1 833 950 0062 United States: 1 844 200 6205 All other locations: +1 929 526 1599 Participant Access code: 329509. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. It offers services, including influencers/enthusiasts, lifestyle videos, why-buy videos, list videos, written content and distribution. (-28.69%), as it is currently unprofitable. Stable Share Price: FORA is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week. Earnings Announcement Management will host a conference call and webcast to discuss the Companys financial results at 7:30 am ET on Wednesday, May 11, 2022. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by FT and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions. International stock quotes are delayed as per exchange requirements. It offers services, including influencers/enthusiasts, lifestyle videos, why-buy videos, list videos, written content and distribution. Represents the company's profit divided by the outstanding shares of its common stock. Price-To-Sales vs Fair Ratio: FORA is expensive based on its Price-To-Sales Ratio (2.2x) compared to the estimated Fair Price-To-Sales Ratio (2x). Cryptocurrencies: Cryptocurrency quotes are updated in real-time. A valuation method that multiplies the price of a company's stock by the total number of outstanding shares. We have enabled email notificationsyou will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Brickseeks ad revenue doubled within the first few months of working with Freestar.

Future ROE: Insufficient data to determine if FORA's Return on Equity is forecast to be high in 3 years time. Through targeted acquisitions and development, VerticalScope has built a portfolio of over 1,200 online communities and over 100 million monthly active users. Comments may take up to an hour for moderation before appearing on the site. MAU trends in Q2 are expected to be similar to the results we saw in Q1, with strong overall MAU growth driven by acquired properties, and a small organic decline (-4.6% in Q1) as we compete for user-attention with the war in Ukraine, and fewer users shopping online for products due to increased in-store shopping, widespread supply chain challenges, and demand that was brought forward or inflated by the pandemic in categories such as Fitness., Chris Goodridge, President and COO, commented that, We completed a number of deals in the quarter for communities that will really benefit from the experience we can provide to members on the Fora platform.

Earnings before interest, taxes, depreciation, and amortization, is a measure of a company's overall financial performance and is used as an alternative to net income in some circumstances, The percent of their income that a corporation pays in taxes, Investments that are relatively liquid and have maturities between 3 months and one year, The total amount of assets owned by a company, The value of subtracting the total liabilities from the total assets of a company, Total number of common shares outstanding as of the latest date disclosed in a financial filing, A ratio used to determine if a companys market value is in line with the value of its assets less liabilities and preferred stock, A financial ratio that shows a companys profitability compared to its assets, Companys return above the average cost it pays for its debt and equity capital, Net cash used or generated for core business activities, Net cash used or generated in investing activities such as purchasing assets, Net cash used or generated in financing activities such as dividend payments and loans, The amount by which a company's cash balance increases or decreases in an accounting period, Amount of cash a business has after it has met its financial obligations such as debt and outstanding payments, Ownership of a fraction of a corporation and the right to claim a share of the corporation's assets and profits equal to the amount of stock owned, Headquartered in Toronto, Ontario, Canada, The range between the high and low prices over the past day, The range between the high and low prices over the past 52 weeks. FT is not responsible for any use of content by you outside its scope as stated in the. Unable to compare FORA's earnings growth over the past year to its 5-year average as it is currently unprofitable. Profile data is unavailable for this security. Excluding the noted variances above, Adjusted EBITDA Margin would have been 41%, an additional increase of 5 percentage points compared to the same period last year. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. All rights reserved. Price-To-Sales vs Industry: FORA is good value based on its Price-To-Sales Ratio (2.2x) compared to the Canadian Interactive Media and Services industry average (6.3x). How does FORA's PS Ratio compare to its peers? Unless otherwise stated, all amounts are in U.S. dollars. Please read our Financial Services Guide before deciding whether to obtain financial services from us. Short Term Liabilities: FORA's short term assets ($36.9M) exceed its short term liabilities ($27.2M). These non-IFRS measures are not recognized measures under IFRS and do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. FORA is expected to become profitable in the next 3 years. than the rest of Canadian stocks over the past 3 months. Excluding the noted variances above with respect to public company costs, fitness e-commerce revenue and Threadloom, Free Cash Flow would have been $6,417K, an increase of $3,136K or 96% compared to the three months ended March 31, 2021. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. 2022 Financial Post, a division of Postmedia Network Inc. All rights reserved. The company also focus on hyper-specific subjects that engender strong affinity from online communities of enthusiasts, super fans, experts, pros, hobbyists, and armchair analysts. have bought more shares than they have sold in the past 3 months. Debt Level: FORA's net debt to equity ratio (64.4%) is considered high. The decrease in net income year over year is as a result of the variances noted above as well as: (i) $11,798K in incremental costs associated with acquisitions including amortization, contingent considerations and one-time business acquisition and related costs; (ii) $2,387K in incremental share based compensation tied to the omnibus incentive plan; (iii) $623K in severance in the period tied to acquisition integration and cost reductions related to subscription product automation.

VerticalScope Holdings, Inc. engages in the operation and development of cloud-based digital community platform. Weve recently updated our valuation analysis. Get Financial Post, National Post and 15 others for $1.99/week. The total amount of income generated by the sale of goods or services related to the company's primary operations, Represents the total incurred expenses through normal operations, Companys earnings for a period net of operating costs, taxes, and interest. This advertisement has not loaded yet, but your article continues below. Fiscal Q1 2022 ended 3/31/22. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. This news release contains forward-looking information within the meaning of applicable securities legislation that reflects the Companys current expectations regarding future events. Earnings vs Market: FORA is forecast to become profitable over the next 3 years, which is considered above average market growth. In less than two years, Sortable has been able to onboard VerticalScopes large volume of sites while simultaneously improving overall revenue and user experience. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Insufficient data to compare Rob's compensation with company performance. On January 14, 2022, the Company filed a final short form base shelf prospectus with the securities regulatory authorities in each of the provinces and territories of Canada. Please sign in or register. Revenue: US$20.0m (up 26% from 1Q 2021). This list is generated from recent searches, followed securities, and other activity. ( 1.1 years average tenure), which suggests a new board. How AdPushup increased ChordUs ad revenue by 359% with ActiveView Refresh and A/B testing. Founder, CEO & Director Rob Laidlaw is the most experienced director on the board, commencing their role in 2012. Lack of experienced directors. Through these optimizations, VerticalScope experienced increased viewability and CPMs that better positioned the sites to attract advertisers and generate higher revenue across their network. Earnings Trend: FORA is unprofitable, and losses have increased over the past 5 years at a rate of 16.2% per year. We've detected you are on Internet Explorer. Return vs Market: FORA underperformed the Canadian Market which returned -5.7% over the past year. Free Cash Flow was $5,556K, a decrease of $930K, or 14% compared to the three months ended March 31, 2021. If you don't see it, please check your junk folder. They selected Sortable as their partner to focus on optimizing inventory quality for revenue performance while maintaining user experience standards across all their websites. for more than a year based on its current, Insufficient data to determine if FORA has enough. VerticalScope does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws. 1 highly experienced director. VerticalScope is listed on the Toronto Stock Exchange (TSX: FORA). All comparatives, unless otherwise noted are versus the same period in the prior year: Laidlaw added, We are very pleased with the performance of our business in the quarter. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Accelerating Growth: Unable to compare FORA's earnings growth over the past year to its 5-year average as it is currently unprofitable. For another VerticalScope site, Sortable increased viewability by 40% and doubled the CPM over a two-month period by implementing an optimized refresh solution and ad layouts across the site (Figure A). Net loss was $11,871K, compared to net income of $848K for the three months ended March 31, 2021. Copyright 2019 FactSet Research Systems Inc. All rights reserved. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. FORA is forecast to become profitable over the next 3 years, which is considered faster growth than the. The 6 analysts covering VerticalScope Holdings previously expected the company to break even in 2022. Insufficient data to determine if FORA's dividends per share have been stable in the past. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. A welcome email is on its way. money, Dow Jones Falls As ECB Raises Rates; Tesla Surges On Strong Earnings | VerticalScope Holdings Inc.'s employee growth, exchange listings and data sources. We apologize, but this video has failed to load. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Net loss: US$11.9m (down US$13.1m from profit in 1Q 2021). The Company uses non-IFRS measures including: Adjusted EBITDA is calculated as net income (loss) excluding interest, income tax expense (recovery), and depreciation and amortization, or EBITDA, adjusted for share-based compensation, share performance related bonuses, unrealized gains or losses from changes in fair value of derivative financial instruments, severance, contingent consideration liabilities measured at fair value through profit and loss, gain or loss on sale of assets, gain or loss on sale of investments, foreign exchange loss (gain), impairment and other charges that include direct and incremental business acquisition related costs and costs directly incurred in connection with the Offering that are not deducted from the equity proceeds. By taking on the day to day optimization work, Sortable enabled VerticalScope to continue onboarding additional sites -- scaling up to 1327 sites. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. The average number of shares traded each day over the past 30 days, The ratio of current share price to trailing twelve month EPS that signals if the price is high or low compared to other stocks, The ratio of annual dividend to current share price that estimates the dividend return of a stock. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Fundamental company data and analyst estimates provided by FactSet. Data may be intentionally delayed pursuant to supplier requirements. The Companys ability to pursue funding through the base shelf prospectus is intended to provide financing flexibility to execute on its M&A pipeline and strategy. The Company helps people with common interests to connect, explore their passions and share knowledge about the things they love. Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement. For this estimate we use a Discounted Cash Flow model. Which metric is best to use when looking at relative valuation for FORA? Revenue was $20,048K, an increase of $4,130K, or 26%. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. continues to grow or shrink based on historical rates. Items that may be reclassified to net income (loss): Foreign currency differences on translation of foreign operations, Condensed Consolidated Interim Statement of Cash Flows, Unrealized loss (gain) in derivative instruments, Change in non-cash operating assets and liabilities, Additions to property and equipment, right-of-use and intangible assets, Effect of movement of exchange rates on cash held, View source version on businesswire.com: https://www.businesswire.com/news/home/20220510006392/en/, Investor inquiries: Chris Goodridge, President and COO Tel: 416-341-7174, IR@verticalscope.com, Media inquiries: Wojtek Dabrowski, Provident Communications Tel: 647-825-5009, wojtek@providentcomms.com, Related Links http://www.verticalscope.com. Learn more, Canadian Interactive Media and Services industry, See historical performance and comparison, Interactive Media and Services Industry Average Movement. Stable Cash Runway: FORA has sufficient cash runway for more than a year based on its current free cash flow. Overall, the partnership with Sortable allowed VerticalScope to capture increased ad revenue while maintaining a positive user experience. Average price target from 6 ratings: $$21.17, Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. VerticalScope Holdings Inc., a technology company, operates a cloud-based digital community platform in Canada. Sortable gradually integrated its ad technology into VerticalScopes large portfolio of websites. No experienced directors. Earnings vs Industry: FORA is unprofitable, making it difficult to compare its past year earnings growth to the Interactive Media and Services industry (-15.5%). First quarter 2022 results: US$0.56 loss per share (down from US$0.09 profit in 1Q 2021). Quality Earnings: FORA is currently unprofitable. Now there's only one reliable way to make How is VerticalScope Holdings forecast to perform in the next 1 to 3 years based on estimates from 6 analysts? FORA is expensive based on its Price-To-Sales Ratio (2.2x) compared to the estimated Fair Price-To-Sales Ratio (2x). FORA is unprofitable, and losses have increased over the past 5 years at a rate of 16.2% per year. You must be a registered user to save alerts. Copyright FactSet Research Systems Inc. All rights reserved. The content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. We encountered an issue signing you up. Consensus price target down from CA$29.39 to CA$27.41. Financials For VerticalScope Holdings Inc. - Extraordinaries & Discontinued Operations, -- Extra Items & Gain/Loss Sale Of Assets. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Since its IPO in June 2021 the Company has completed 29 acquisitions and deployed $84 million of capital excluding contingent considerations. Experienced Board: FORA's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board. Mr. Laidlaw is Founder of VerticalScope Holdings Inc. ($USD859.47K) is about average for companies of similar size in the Canadian market ($USD777.20K). All rights reserved. Adjusted EBITDA for the three months ended March 31, 2022 was $7,282K a decrease of $391K, or 5%, compared to $7,673K for the three months ended March 31, 2021. Forecast Cash Runway: Insufficient data to determine if FORA has enough cash runway if its free cash flow continues to grow or shrink based on historical rates. Postmedia has not reviewed the content. VerticalScope Announces First Quarter 2022 Financial Results Record Setting Q1 Revenue and Monthly Active Users, Lack of debt means this couple with $500,000 of assets is on track to hit their modest retirement goals, 'Our credibility is being tested:' Tiff Macklem says path to soft landing is narrowing, Joe Oliver: Needed badly economic reality and common sense, Hot inflation sets Bank of Canada on course for another oversized rate hike, Rogers replaces technology chief after massive outage draws fire, tap here to see other videos from our team, https://events.q4inc.com/attendee/876704005, https://www.businesswire.com/news/home/20220510006392/en/. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of the Companys financial information reported under IFRS. Stable Dividend: Insufficient data to determine if FORA's dividends per share have been stable in the past. High Growth Earnings: FORA is expected to become profitable in the next 3 years. But heres what she likes for healthy cash return This press release references certain non-IFRS measures, including Adjusted EBITDA and Free Cash Flow, as described below. to determine if its dividend payments are covered by earnings. Sortable then conducted website audits to analyze and address issues like page load speed, and then implemented lazy loading, ad refresh, and anchor ad sticky units to further maximize ad revenue while maintaining a positive user experience. FORA is forecast to become profitable over the next 3 years, which is considered above average market growth. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.