Just to highlight the uncertainty in my valuation, Openlearning recently appointed Spiro Pappas as an Executive Director.
"Spiro will help OpenLearning’s senior executive team to commercialise its technology in large corporate and financial institutions, leveraging the Company’s higher education partnerships to provide industry-relevant training and micro-credentials."
When I read this, I immediately thought of Jannison's Learning business. Openlearning is going after the corporate training market. I see 3 ASX technology companies going after this market (Janison, Openlearning and Retech). Retech has operations in both China and Australia but they primarily focus on training English (students and corporates). Janison have customers in this market but recently, they lost 2 (Rio Tinto and Kinross). Those miners found Janison's Academy platform did not tailor to the mining industry. Maybe Openlearning can be flexible with their platform to provide holisitic learning experience for corporates.
Just some thoughts on what I think was an interesting turn of events in the edtech space.
remote teaching is great
rather than having to wait
for a pandemic to pass
install this software fast
OpenLearning have multiple contracts in arrangement. This straw is a summary for all significant ongoing contracts in place.
27-Mar-2020: New Partnership opens door to hundreds of schools
Very positive, and that comes on the back of the following recent announcement (8 days ago):
Speaking of which, I note that Australia Post's EFTPOS network now accepts Alibaba's AliPay as well as Tencent's WeChat Pay.
77% year-on-year (YoY) increase (19.5% quarter-on-quarter (QoQ)) in annualised recurring
revenue (ARR)1 to $944k at the end of Q4 FY19
? 170% YoY increase (12.7% QoQ) in B2B SaaS clients to 62 at the end of Q4 FY19
? Record FY19 (ended December 31 2019) cash receipts from customers of $2.24m
? Gross margin for SaaS2 increased to 57% in Q4 FY19 from 4% in Q4 FY18
? Strong cash position at end of FY19 of $7.74m
Further to my post yesterday
Up another 22% on Thursday
That's a rise of 70% this week
NOW if my other 14 stocks would just pay attention!!!
up 32% yesterday
up 13% today
Not complaining mind you (who would when the rest of your portfolio is down by greater than 30%), but why the increase?
Is it simply the fact of students having to stay home?