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AMS - Atomos Limited

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System

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Atomos is a global software and hardware technology company that creates, develops and commercialises products for the rapidly growing content creation market.

Atomos enhances video content creation by producing products that connect the imaging and computer worlds together, from the point of capture (camera) through to displaying (monitor), processing and recording of the latest high-quality video onto affordable computer media for creative enhancement and distribution of content.

The Company designs, develops and commercialises award-winning, simple to use monitor-recorder products that ensure content creators consistently have access to the latest video monitoring, processing and recording technologies, regardless of how advanced the camera or production equipment they use.

It is anticipated that AMS will list on the ASX during December 2018.

https://www.atomos.com
 
Second day of trading today for Atomos Limited and it has closed at 80.5c, a 96.34% increase on its listing price of 41c. A great start for AMS and perhaps a sign of things to come.
 
greggles said:
Second day of trading today for Atomos Limited and it has closed at 80.5c, a 96.34% increase on its listing price of 41c. A great start for AMS and perhaps a sign of things to come.
Click to expand...

Always a bit skeptical of the ones that do this.

I may have misread after a quick glance at their Accounts but even though they turned over $35 million last FY …. after costs etc they actually lost $16 million:(

Doesn't feel quite right to me but that doesn't mean it wont rise:cautious:
 
Up 11.75% so far today....

Strong video recorder sales boost Atomos’ expected revenue

Video technology developer Atomos (ASX: AMS) has upgraded its guidance for the 2019 financial year following stronger than expected sales from its recently launched monitor and recording devices.

The company, which only debuted on the ASX five months ago, is now expecting its financial year revenue to be in excess of $50 million, an 18.5% improvement from its prospectus forecast of $42.2 million.

It also upgraded its guidance for earnings before interest, tax, depreciation and amortisation (EBITDA), with second-half pro-forma EBITDA anticipated to be broadly in line with the first half at $700,000. This greatly exceeds the prospectus forecast of $300,000 for the full year. More...
 
AMS is a 'cashed $$ up' global software & hardware technology company. It specialises in video monitoring & recorders for the rapidly growing content creation market. Think YouTube, Twitch, Zoom or even high-end independent documentary creators & with the recent influx on online content, thanks to covid-19 lockdown, there is a lot of upside potential for AMS.

Atomos may have a new target market with coaches, tutor's and teachers nowaday's coming online!

Recent improved fundamentals show month on month increasing revenues as follows:

July '20 $2.975M (+50% on 2H FY20 average)
Aug '20 $3.173M (+60% on 2H FY20 average)
Sept '20 $3.967M (+100% on 2H FY20 average)

"Atomos’s recovery against the second half of FY20 continues to progress well. Given the recent strong September, which was over double the average monthly revenue compared to the second half of FY20, average monthly revenue for the year to date is over 70%+ up in comparison to the second half of FY20.

When combined with the lower cost base and a strong balance sheet, the business is performing well and is poised to continue on its path of growth and improving profitability.

As a result, AMS now anticipate returning to pre-covid-19 revenue levels at the start of calendar year 2021 and with a more streamlined & cost-effective operating base."

AMS Forecast:

"AMS lies in the middle of a wide & strong rising trend in the short term and a further rise within the trend is predicted. Given the positive short-term trend, the stock is expected to rise 77.16% during the next 3 months and, with a 90% probability hold a price between A$1.19 and A$1.35 at the end of this 3-month period." *unable to post/share relevant link sorry

DYOR as always.. Cheers tela

Investor Center - Atomos

For over 10 years Atomos has delivered market-leading, innovative production tools to video professionals and content creators worldwide.
www.atomos.com www.atomos.com

www.marketindex.com.au

Atomos Ltd (ASX:AMS) Share Price - Market Index

Today’s AMS share price, stock chart and announcements. View dividend history, insider trades and ASX analyst consensus.
www.marketindex.com.au www.marketindex.com.au

P.S. Pre-Covid.. AMS was trading up around $1.80 levels so some 'serious upside potential' methinks going forward if they can continue to 'tick off all the boxes' so to speak
 
Telamelo said:
AMS is a 'cashed $$ up' global software & hardware technology company. It specialises in video monitoring & recorders for the rapidly growing content creation market. Think YouTube, Twitch, Zoom or even high-end independent documentary creators & with the recent influx on online content, thanks to covid-19 lockdown, there is a lot of upside potential for AMS.

Atomos may have a new target market with coaches, tutor's and teachers nowaday's coming online!

Recent improved fundamentals show month on month increasing revenues as follows:

July '20 $2.975M (+50% on 2H FY20 average)
Aug '20 $3.173M (+60% on 2H FY20 average)
Sept '20 $3.967M (+100% on 2H FY20 average)

"Atomos’s recovery against the second half of FY20 continues to progress well. Given the recent strong September, which was over double the average monthly revenue compared to the second half of FY20, average monthly revenue for the year to date is over 70%+ up in comparison to the second half of FY20.

When combined with the lower cost base and a strong balance sheet, the business is performing well and is poised to continue on its path of growth and improving profitability.

As a result, AMS now anticipate returning to pre-covid-19 revenue levels at the start of calendar year 2021 and with a more streamlined & cost-effective operating base."

AMS Forecast:

"AMS lies in the middle of a wide & strong rising trend in the short term and a further rise within the trend is predicted. Given the positive short-term trend, the stock is expected to rise 77.16% during the next 3 months and, with a 90% probability hold a price between A$1.19 and A$1.35 at the end of this 3-month period." *unable to post/share relevant link sorry

DYOR as always.. Cheers tela

Investor Center - Atomos

For over 10 years Atomos has delivered market-leading, innovative production tools to video professionals and content creators worldwide.
www.atomos.com www.atomos.com

www.marketindex.com.au

Atomos Ltd (ASX:AMS) Share Price - Market Index

Today’s AMS share price, stock chart and announcements. View dividend history, insider trades and ASX analyst consensus.
www.marketindex.com.au www.marketindex.com.au

P.S. Pre-Covid.. AMS was trading up around $1.80 levels so some 'serious upside potential' methinks going forward if they can continue to 'tick off all the boxes' so to speak
Click to expand...

Some 'food for thought' on what I've read up about Atomos AMS

Over the last year, we can see that the biggest insider purchase was by Independent Non-Executive Director Stephen Stanley for AU$124K worth of shares, at about AU$1.38 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price.

It's very possible they regret the purchase, but it's more likely they are bullish about the company. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

The only individual insider to buy over the last year was Stephen Stanley. He bought a total of 260K shares over the year at an average price of AU$0.94. Atomos insiders own about AU$19M worth of shares. That equates to 12% of the company.

This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

Simply Wall St Analysis:

Suggests AMS trading at 25.3% below our estimate of its fair value

Earnings are forecast to grow 69.25% per year but has less than 1 year of cash runway (noting $11M raised in May '20 to accelerate growth etc.)

https://uk.finance.yahoo.com/news/know-analysts-much-more-bullish-023453171.html

https://uk.news.yahoo.com/did-atomo...KDffNNCcMc6sSXcUufRUiovX_iak_GbitedT8AfVxEIGA

Been about a year since Atomos bought Timecode Systems.. but haven't heard any news/developments since? as wonder how this is going

https://www.businessnewsaus.com.au/...d-video-tech-developers-timecode-systems.html

DYOR as always
 
Telamelo said:
Some 'food for thought' on what I've read up about Atomos AMS

Over the last year, we can see that the biggest insider purchase was by Independent Non-Executive Director Stephen Stanley for AU$124K worth of shares, at about AU$1.38 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price.

It's very possible they regret the purchase, but it's more likely they are bullish about the company. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

The only individual insider to buy over the last year was Stephen Stanley. He bought a total of 260K shares over the year at an average price of AU$0.94. Atomos insiders own about AU$19M worth of shares. That equates to 12% of the company.

This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

Simply Wall St Analysis:

Suggests AMS trading at 25.3% below our estimate of its fair value

Earnings are forecast to grow 69.25% per year but has less than 1 year of cash runway (noting $11M raised in May '20 to accelerate growth etc.)

https://uk.finance.yahoo.com/news/know-analysts-much-more-bullish-023453171.html

https://uk.news.yahoo.com/did-atomo...KDffNNCcMc6sSXcUufRUiovX_iak_GbitedT8AfVxEIGA

Been about a year since Atomos bought Timecode Systems.. but haven't heard any news/developments since? as wonder how this is going

https://www.businessnewsaus.com.au/...d-video-tech-developers-timecode-systems.html

DYOR as always
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Ripper move up on AMS closing @ 0.815c +10.88% as only got set in this one late last week :) Cheers tela
 
Interesting little stock. Has obvious tailwinds of increase in video content demand (video ads and social media) and they seem to have proprietary tech and a licence from Apple to integrate with their native resolution that gives the business some moat. I hold a little too.

On the downside: Not clear to me where this will be in 1-2 years but still enough upside and momentum for a shorter term investment that if I can really get my head around the technology may be a larger position. I don't like that the Exec chairman is paying himself 37,500 per month tho (disclosed in very fine print in the last note of FY20 report! he's chairman not mgmt so why paid so extravagantly?) and his personal advisory company also made a bucket load from advisory fees... Some dipping hands in the piggy jar which can be indicative of wider non-shareholder friendly behaviour.
 
Trialing some new software and I still have my training wheels on so bear with me as I post a few charts and hopefully I can get 1 or 2 predictions correct

Some activity on this thread which is good for a change.

AMS has pulled back a bit this month and looks set for another run. Wave 4 pivot point looks correct and oscillator has turned up for the next leg.

1608851888584.png
 
Key word "Executive" - he is essentially playing the executive leadership role. THat is what an Executive Chairman, as opposed to a Chairman, does.
 
Huskar said:
I don't like that the Exec chairman is paying himself 37,500 per month tho (disclosed in very fine print in the last note of FY20 report! he's chairman not mgmt
Click to expand...

@Huskar, an executive chairman is in fact management. An executive chairman is involved in the day to day running of the business. I tend to stay away from companies with an executive chairman unless he has an extraordinary track record.

Compare for example the performance of Harvey Norman with its peers over the past 5 years.
 
AMS going for a run this morning after announcing strong sales growth in FY21 of in excess of $77 million, a record result and a 73% increase on the prior corresponding period. This figure is $6.6 million ahead of analyst consensus.

That's very impressive revenue growth. Can they keep it up?



AMS300621.png
 
This little piglet AMS seems to be attracting attention for all the wrong reasons. I've never been au fait with "tech startups" and "the next thing" but Michael Roddan in the Fin Review this morning seems rather scathing of the ESG of the gents running this outfit.
FROM THE AFR.
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It was Jeromy Young’s trip on a 34-metre yacht from locked-down Sydney to the Gold Coast to watch a rugby match in July last year that attracted the co-founder of ASX-listed Atomos adverse headlines and a $5000 fine.
But, according to a lawsuit filed in the Superior Court in California, there was oh so much more going on under Young’s nose at the video tech group, which floated in 2018 with the support of Ashok Jacob’s Ellerston Capital (owner of 12.5 per cent of the group), and which counts Phil King’s Regal Funds Management as a 9.85 per cent shareholder.
b0371975717d5c609b1417a53e194078874f5205.jpg

Jeromy Young started Atomos in 2010.
Estelle McGechie, the former CEO of Atomos who the company said in April was sacked “primarily because she has not yet relocated to Australia”, has alleged, rather, that she was wrongfully terminated because she “dared to speak up about rampant illegal conduct at Atomos”.
The Silicon Valley-based McGechie, a former Apple developer who was appointed Atomos CEO in September 2021, has alleged Atomos engaged variously in “securities fraud and revenue manipulation”, “falsely reporting material sales forecast information”, “channel stuffing” (shipping excessive stock to distributors to artificially boost short-term sales figures), and “insider trading”.
She also cites an “insidious boys’ club culture” at Atomos, a female staff member who was allegedly “sexually harassed and assaulted” by an unnamed executive who went unpunished, and rife “gender discrimination and retaliation”.

On its part, the Atomos board said it “considers the claims to be unfounded”, “will vigorously defend any claims against the company” and “is also progressing various claims against” McGechie.
McGechie’s claims centre on what she describes as her attempts to flag concerns over allegedly fraudulent sales, for which she believes she was sacked in retaliation.

Channel stuffing​

She claims Atomos allegedly engaged in “channel stuffing to fraudulently recognise increased sales revenue and manipulate its performance numbers” and “to meet analyst forecasts ... and maintain an artificially inflated share price”.
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There does seem to be much channel stuffing visible in company reports generally atm. although this does not bother the judiciary as much as traditional stuffing. The chart is none too inviting neither.

1661980116620.png
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gg
 
themarketherald.com.au

Atomos (ASX:AMS) completes development of 8K video sensor

Atomos (ASX:AMS) has completed the development of a "world-class" 8K video sensor which allows cameras to record in 8K ultra-high definition.
themarketherald.com.au themarketherald.com.au
Atomos (AMS) has completed the development of a “world-class” 8K video sensor that allows cameras to record in 8K ultra-high definition.

8K video has four times the resolution of 4K video and gives video creators more flexibility when zooming in or cropping their shots during editing, as the resulting shot maintains a sharp resolution.
 
Huskar said:
Not clear to me where this will be in 1-2 years but still enough upside and momentum for a shorter term investment
Click to expand...
and time allows us, in pure cents per share, to answer that. One year; fairly good. Two years; unambiguously bad.

Dig deeper and its probably worse with dilution.


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