XF1 - Xref Limited

[divs4ever]

was looking at this and 'rival' CV1 last year ( late 2020 ) resisted buying either ( so far )

now maybe i have waited too long , and maybe not

good luck

i will probably continue to glance at both from time to time

 

[brerwallabi]

Quarterly Flash Figures (unaudited)
XF1 sales up 71% on previous corresponding quarter to $4.6m.
Cash at bank $10.5m
Half year sales at $10m up 96% on previous corresponding half

Share price up 6.5cents to 73.5cents met some resistance at 75cents.

 

[brerwallabi]

Good result from XF1 the company keeps growing sales
Xref achieved $10 million in sales for H1 FY2022, up 96% on the previous corresponding half. Revenues totalled $8.2 million for H1 FY2022, up 68% on the previous corresponding half.

From the CEO
“While only halfway complete, we have already built a strong foundation for FY2022. Both new business demand and current client usage during the holiday season has been unprecedented and suggests that our Q3 and Q4 FY2022 performance will be strong. In tandem, we are preparing to launch products to grow the marketplace and platform subscriptions. It is a very exciting period in our growth journey.”

 

[divs4ever]

the billion dollar question here , is how long will the tailwinds last

will 'employee churn ' become endemic ?? ( i don't know but it has lasted longer than i expected already )

 

[brerwallabi]

It’s not just employee churn
The company states
“In tandem, we are preparing to launch products to grow the marketplace and platform subscriptions. It is a very exciting period in our growth journey.”
There is a lot more to it then “churn”

 

[divs4ever]

but the increased churn is the tailwind beyond their control ( much like SHV benefiting from a weak $A , or more Californian fires in the US orchards )

all XF1 can do is smile and use the extra revenue generated wisely

 

[signalFollower]

25% off recent highs for XF1 has a bit of ouch to it, but I guess in this market even the bigger tech comapnies like TNE have seen similar moves down

 

[signalFollower]

25% off recent highs for XF1 has a bit of ouch to it, but I guess in this market even the bigger tech comapnies like TNE have seen similar moves down

View attachment 138112

disclosure: so I bought today, hoping it doesn't turn into a falling knife situation, but the Quarterly Activities showed promise


December 2021 youtube review by Luke Winchester too, just told me these prices were a better entry than back in December

 

[divs4ever]

good luck

i was buying elsewhere today

maybe i should glance at it again ( as a mid-term speccie )

cheers

 

[signalFollower]

good luck

i was buying elsewhere today

maybe i should glance at it again ( as a mid-term speccie )

cheers

aside from strong pcp Sales and Revenue growth, XF1 also hit the tipping point of Cash Flow positive last quarter, which is always a good sign for a small cap.

And according to the charts, this announcement was likely the catalyst to intiially push to 75c during that same week, and then in following weeks up to 80c

lets assume sales of $4.6m p.q. annualised (with no growth) to be $18.4m agianst Mkt Cap of $111.2m that's only 6x Price to Sales for a scalable SaaS business, not too absurd if they keep hitting those QoQ increases

 

[brerwallabi]

aside from strong pcp Sales and Revenue growth, XF1 also hit the tipping point of Cash Flow positive last quarter, which is always a good sign for a small cap.

And according to the charts, this announcement was likely the catalyst to intiially push to 75c during that same week, and then in following weeks up to 80c

lets assume sales of $4.6m p.q. annualised (with no growth) to be $18.4m agianst Mkt Cap of $111.2m that's only 6x Price to Sales for a scalable SaaS business, not too absurd if they keep hitting those QoQ increases

View attachment 138212

Took another small parcel earlier this week.
I think the company is sound, however there are 30million shares currently in escrow till next month owned by disgraced former director and founder of the company.
I feel the drop in price is more to do with the above fact rather then the current market direction fueled by the Ukraine situation.
Not saying the price is being pushed down (on llghter volume this month) to what someone sees as fair value for an acquisition nothing surprises me.

 

[signalFollower]

just saw that the former Director's shares come off escrow, it'll be interesting if he starts to sell or not ?

 

[brerwallabi]

just saw that the former Director's shares come off escrow, it'll be interesting if he starts to sell or not ?

It fell approximately mid March almost 35% of its highs this was over over a six week period from around the end of January, my belief was the fall to 52cents had a contribution from nervous investors worried by the 30 million shares held in escrow.
Since mid March the share price has rallied to close today at 62cents with a high today at 66.5cents.
Our former director could make a deal with someone to take his shares at a specific price and someone has pushed the price down prior to an offer.
It’s also possible our former director has no intention of selling at this stage as the company’s sales and revenue are up over 65% in the second quarter over last year and as a more privileged shareholder he could be in the know.
The faltering price might have been just following the overall market down and profit taking as two years ago the price was under 10 cents, as you say it will be interesting.

 

[divs4ever]

remember this business relies on people changing jobs ( so they need their references checked )

so although this looks like a strong tailwind coming , but will it be temporary or the start of a trend ( and many industries restructure in the near future )

 

[brerwallabi]

Xref has ranked first for reference checking software globally against 30 other contenders in G2’s latest Spring 2022 report, released overnight.

This accolade is in addition to recently ranking in the Top 10 for Best ANZ software. As a SaaS leader, Xref consistently ranks against market giants like Atlassian, Canva and Xero.

Xref also won badges as a Leader in Usability, Momentum Leader and best Mid-Market Relationship Leader which highlights Xref’s ease of doing business, quality of support and likelihood of customers to recommend to others.

G2’s results are based on authentic, verified customer reviews.

Xref has over 240 reviews with an average star rating of 4.7 out of 5.

Xref received the highest satisfaction score amongst products in the Reference Check category. 99% of users rated it 4 or 5 stars and 93% of users said they would be likely to recommend Xref.

For those that don’t know G2.
G2 is the world's largest and most trusted software marketplace, helping more than 60 million people every year make smarter software decisions based on authentic peer reviews. Thousands of companies partner with G2 to build their reputation, manage their software spend, and grow their business -- including Salesforce, Hubspot, Zoom, Adobe and more.

 

[signalFollower]

It fell approximately mid March almost 35% of its highs this was over over a six week period from around the end of January, my belief was the fall to 52cents had a contribution from nervous investors worried by the 30 million shares held in escrow.
Since mid March the share price has rallied to close today at 62cents with a high today at 66.5cents.
Our former director could make a deal with someone to take his shares at a specific price and someone has pushed the price down prior to an offer.
It’s also possible our former director has no intention of selling at this stage as the company’s sales and revenue are up over 65% in the second quarter over last year and as a more privileged shareholder he could be in the know.
The faltering price might have been just following the overall market down and profit taking as two years ago the price was under 10 cents, as you say it will be interesting.

also I became aware that around mid-march there was a momentum based subscription newletter that had previously issued a signal for XF1, which then breached the stop limit at mid 50c frommemory, in all likeliness sell down after that was also some of those subscribers following the stop loss directive and so it could have been exaggerated due to that too.

 

[brerwallabi]

Third quarter report released today, sales up, revenue up, cash at bank up now over $10 mil.
Employment seasonality in Australia to be countered by growth in the USA and Canada.
It all looks good with a very solid second half predicted.
Not sure if the market expects more, made a high of 72cents today now sold down to 67.5cents, see what tomorrow brings, I am still holding.

 

[brerwallabi]

After years of making losses now in profit.
Record sales/ revenue.
New products on the go.
Overseas expansion.
A lift in share price from the doldrums surely?

 

[brerwallabi]

Not a good year for XF1 or its sector, despite breaking its records for sales, revenue etc.
Not sure if I want to hang on will give it to mid year.
Should be some news out shortly.
They talk good but the market wasn’t interested.

 

[divs4ever]

Xref announced the release of graduate Qualification Verification checks and Certn checks following the launch of Trust Marketplace on the Company's Enterprise Platform. Trust Marketplace enables access to traditional trust products such as ID, employment verifications, rights-to-work and criminal checks.

i do not hold this share

hmmm i would have thought education qualification checks would have already been included in the services already provided