Due Diligence for Investors in SITO Mobile, Ltd.
We have linked below a summary of the SITO form 10-K filed in late November for the year ended September 30, 2015. The 10-K details the company’s progress with acquisitions, as well as company events and financing agreements. We have also linked the company’s financial statement and balance sheet through Yahoo Finance. The SITO press release we’ve included gives the details of the company’s new partnership with Canadian advertiser Cieslok Media.
Our View: SITO is making things happen in the right direction. Last week they delivered a one-two punch by reporting a dramatic increase in revenue and then following up with an announcement of a potentially lucrative partnership with Cieslok Media, a Canadian company. The partnership with Cieslok is expected to generate $2 million in revenue next year. Cieslok is a dominant player in the outdoor billboard and out of home media markets, including mobile.
The SITO platform that creates consumer analytics from data gathered from buyer’s locales and habits, as opposed to the traditional model of internet usage is innovative and seems to make sense to its customers.
SITO has experienced 100% revenue growth over the past two fiscal years with 60% of that rise coming in the last year. Analysts have set a target price on SITO in the $7 to $8 dollar range with 2016 revenue expected to hit $34 million. SITO shares are recommended by the same analysts as a “buy” to “strong buy”.
SITO – Form 10-K Summary – November 25, 2015
SITO – Press Release – December 2, 2015
Yahoo Finance – SITO Financial Statement – November 24, 2015
Yahoo Finance – SITO Balance Sheet – November 24, 2015
Yahoo Finance – Analyst Opinions – December 7. 2015
Our reports/releases are a commercial advertisement and are for general information purposes only. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The disclaimer is to be read and fully understood before using our services, joining our site or our email/blog list as well as any social networking platforms we may use. Broadstreetalerts.com has not been compensated in any form by any entity for information shared on this post.
PLEASE NOTE: Broadstreetalerts.com and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever.
Release of Liability: Through use of this website viewing or using you agree to hold Broadstreetalerts.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Broadstreetalerts.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and Broadstreetalerts.com makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. None of the materials or advertisements herein constitute offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based upon the information provide herein. Instead Broadstreetalerts.com strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. Broadstreetalerts.com is compliant with the Can Spam Act of 2003. Broadstreetalerts.com does not offer such advice or analysis, and Broadstreetalerts.com further urges you to consult your own independent tax, business, financial and investment advisors. Investing in micro-cap and growth securities is highly speculative and carries and extremely high degree of risk. It is possible that an investor’s investment may be lost or impaired due to the speculative nature of the companies profiled.
The Private Securities Litigation Reform Act of 1995 provides investors a ‘safe harbor’ in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be “forward looking statements”. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as “projects”, “foresee”, “expects”, “will”, “anticipates”, “estimates”, “believes”, “understands”, or that by statements indicating certain actions & quote; “may”, “could”, or “might” occur. Understand there is no guarantee past performance will be indicative of future results.
In preparing this publication, Broadstreetalerts.com has relied upon information supplied by its customers, publicly available information and press releases which it believes to be reliable; however, such reliability cannot be guaranteed. Investors should not rely on the information contained in this website. Rather, investors should use the information contained in this website as a starting point for doing additional independent research on the featured companies. The advertisements in this website are believed to be reliable, however, Broadstreetalerts.com com and its owners, affiliates, subsidiaries, officers, directors, representatives and agents disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of materials facts from such advertisement. Broadstreetalerts.com is not responsible for any claims made by the companies advertised herein, nor is Broadstreetalerts.com responsible for any other promotional firm, its program or its structure.