IMO AIM presents a great long term opportunity and as a result have provided an extract of this mornings release:

ASX ANNOUNCEMENT 25 January 2022 Ai-Media delivers another cash flow positive quarter with increased gross margins:

Melbourne, Australia, 25 January 2022: Ai-Media Technologies Limited (Ai-Media or Company) (ASX: AIM), a global provider of technology-driven captioning, transcription and translation services, is pleased to provide the following highlights on its business activities and financial performance for the quarter ended 31 December 2021. Highlights.

Revenue of $14.7 million for Q2 FY22, up 25% on the prior comparative period (pcp) of Q2 FY21, with gross margins exceeding 50% (vs 39% on the pcp)

Cashflow from operating activities of $1.9 million for the quarter, a $5.6 million improvement on the pcp (and up $1.9 million on Q1 FY22)

Strong cash balance at 31 December 2021 of $15.9 million, inclusive of $0.5 million spent on the share buyback, an increase of $0.4 million on Q1 FY22

Increased adoption of our automated SaaS products Lexi and Smart Lexi with volumes up 115% on pcp and 32% on Q1 FY22, with live captioning quality outcomes continuing to improve with launch of Lexi and Smart Lexi 2.0

iCap platform minutes volumes up 24% on pcp and up 10% on Q1 FY22

Large international brands increased volumes of Lexi and Smart Lexi on live broadcast content including FOX television group and ESPN+ in the US, and growing sales pipeline globally....

Thanks for highlighting #MR23

I've traded in and out of these several times and have been waiting for a small pull back to ~90 cents so at 0.69 cents I too have taken the opportunity to top up.

Good luck to us....

High risk play with significant upside potential.

This is one to keep a close eye on IMO.

COMMENTARY

Morgans upgrades forecasts materially to include a contribution from the acquisition of EEG, which is being funded by a capital raise. EEG delivers closed captioning of live streaming for over 90% of North American broadcasters.

The acquisition adds 24% to revenue forecasts and 200% to the broker's earnings (EBITDA) and EPS forecasts. Additionally, it's estimated business is tracking three months ahead of plan and is now earnings positive, after management released a 3Q update.

The Add rating is maintained and the target price rises to $1.38 from $1.37.