|
|
Microcap HeadlinesThe best kept secrets on Wall Street
Tapinator, Inc.
110 West 40th St.
New York, New York 10018
BASIC INFORMATION
COMPANY HISTORY
Tapinator, Inc. was incorporated on December 9, 2013 in the state of Delaware. On December 12, 2013, the Company merged with Tapinator, Inc., a Nevada Corporation and was the surviving corporation of this merger. On June 16, 2014, the Company executed a securities exchange agreement with the members of Tapinator LLC, a New York limited liability company, whereby the Company issued shares of its common stock to the members of Tapinator LLC in exchange for 100% of the outstanding membership interests of Tapinator LLC. The transaction resulted in a business combination and a change of control within its business purpose. For accounting and financial reporting purposes, Tapinator LLC was considered the acquirer and the transaction was treated as a reverse merger. Tapinator has been focused exclusively on mobile games and applications since its inception.
COMPANY BUSINESS SUMMARY
Tapinator, Inc. develops and publishes category leading apps for mobile platforms, with a focus on social casino games. Tapinator's library includes more than 300 titles that, collectively, have achieved over 500 million mobile downloads, including notable properties such as Video Poker Classic, the top monetizing video poker game on mobile. Tapinator generates revenues through the sale of branded advertising and via consumer transactions, including in-app purchases and subscriptions. Founded in 2013, Tapinator is headquartered in New York, with product development and marketing teams located in North America, Europe and Asia. Consumers can find high-quality mobile entertainment wherever they see the 'T' character logo, or at http://tapinator.com.
TOP OFFICERS
|
Name
|
Title
|
Fiscal Year Pay
|
Biography
|
| Ilya Nikolayev | CEO | $275,000 | View Biography |
| Andrew Merkatz | President & CFO | $275,000 | View Biography |
| Brian Chan | VP Finance & Accounting | $63,000 | View Biography |
| Teymour Farman-Farmaian | Independent Director | $20,000 | View Biography |
COMPANY NEWS
SHARE RELATED INFORMATION
| 52 Week High: | $35.90 on 3/17/21 | Total Shares Outstanding: | 551,005 |
| 52 Week Low: | $2.00 on 4/29/20 | Public Float: | 383,461 |
| All time High: | $35.90 on 3/17/21 | Earnings Per Share: | ($1.00) |
| All time Low: | $2.00 on 4/29/20 | Book Value: | $.065 |
View Historical Stock Prices & Volume for this company
FUNDAMENTAL INVESTMENT HIGHLIGHTS
The stock is trading at a relative historical low at the current price of $8.00 per share as of 3/1/21.
The stock is trading for less than 1x 2020 revenue with an extremely low market cap of approximately $4,000,000. Public comps trade at 5x 2020 revenue.
Insiders have been buying stock in the open market over the last 6 months at prices as high as $7.00 a share. The Company recently bought back stock at an effective price (including other consideration) of $12.00 per share.
Tapinator posted positive earnings of .13 per share in Q3 2020. The Company also delivered y-o-y revenue growth of 41% and adjusted EBITDA margin of 24%.
Strong pipeline with a new mobile lottery product launched in December 2020 and a successor to the Company's Crypto Trillionaire franchise scheduled for Q2 2021. Tapinator is well-positioned to enter rapidly legalizing real-money online gaming market through extension of its social casino game portfolio.
INSIDER ACTIVITY
Tapinator's insiders, including Ilya Nikolayev, Andrew Merkatz, Brian Chan and Teymour Farman-Farmaian, have made open market purchases on 25 separate trading days in 2020, collectively purchasing 26,156 common shares (representing 4.8% of the Company's shares outstanding) at prices ranging from $2.92 - $7.40 per share. On August 27 2020, the Company announced that Tapinator's senior leadership team committed to purchase a minimum of $300,000 of the Company's stock through either open market or private purchases to be made from time to time between the period August 1, 2020 and July 30, 2023. The $300,000 buying commitment has been made pursuant to contractual covenants with the Company and is shared equally between Ilya Nikolayev, Tapinator’s Chairman & CEO, and Andrew Merkatz, Tapinator’s President & CFO.
FINANCIAL SNAPSHOT
|
All numbers in Thousands |
Fiscal Yr
Ends 12/2020 |
Prior Fiscal Yr
Ends 12/2019 |
Recent Quarter
Ends 9/2020 |
| Revenues | $4,455 | $3,760 | $1,156 |
| Pre-Tax Earnings (Losses) | ($547) | ($2,380) | $72 |
| Total Cash | $206 | $167 | $58 |
| Total Assets | $1,273 | $1,403 | $1,656 |
| Total Liabilities | $1,237 | $1,107 | $1,190 |
| Shareholders Equity | $36 | $296 | $465 |
View all Filings for this company
NEWSPAPER / MAGAZINE ARTICLES / RESEARCH REPORTS
|
Click here to go Back