Login | Register
Profile | Log out
logo

  • Home
  • News
  • Opinion
  • Other
    • Market Updates
    • Explainers
    • Satire
  • About
  • Contact Us
    • Contact
    • Get Covered
    • Posting Guidelines
  • Subscribe
Submit An Article

Latest Articles

  • Nanoveu Secures $2 Million to Fast-Track Commercial Launch of ECS-DoT Chip and AIoT Platform
    Nanoveu Secures $2 Million to Fast-Track Commercial Launch of ECS-DoT Chip and AIoT Platform
    • News

  • Archer Unlocks Cryogenic Sensor Breakthrough for Quantum Computing
    Archer Unlocks Cryogenic Sensor Breakthrough for Quantum Computing
    • News

  • EGL Secures $1.9M PFAS Plant Contract as Demand for Clean-Up Technologies Surges
    EGL Secures $1.9M PFAS Plant Contract as Demand for Clean-Up Technologies Surges
    • News

  • RocketDNA Secures Major Aerial Tech Contract with Vault Minerals at WA Gold Site
    RocketDNA Secures Major Aerial Tech Contract with Vault Minerals at WA Gold Site
    • News

  • BirdDog Boosts Buy-Back Offer by 40% Ahead of ASX Delisting Vote
    BirdDog Boosts Buy-Back Offer by 40% Ahead of ASX Delisting Vote
    • News

  • AML3D Launches High-Tech U.S. Facility to Power Submarine Supply Chain
    AML3D Launches High-Tech U.S. Facility to Power Submarine Supply Chain
    • News

  • Vection Enters $520K Agritech Deal to Build AI-Powered Farming Robot
    Vection Enters $520K Agritech Deal to Build AI-Powered Farming Robot
    • News

  • Unith Achieves Strong Growth in Platform Usage and Strategic Partnerships
    Unith Achieves Strong Growth in Platform Usage and Strategic Partnerships
    • News

  • FBR and Samsung Heavy Industries Execute Engineering Service Agreement for Shipbuilding Automation Project
    FBR and Samsung Heavy Industries Execute Engineering Service Agreement for Shipbuilding Automation Project
    • News

  • Bioxyne Lifts FY2025 Revenue Forecast as Psychedelics and Pharma Push Gains Pace
    Bioxyne Lifts FY2025 Revenue Forecast as Psychedelics and Pharma Push Gains Pace
    • News

More AI products to be launched soon as Crowd Media report positive FY22 cash flow

  • In News
  • July 27, 2022
  • Jarryd Russell
More AI products to be launched soon as Crowd Media report positive FY22 cash flow

One week on since launching two AI-powered consumer products, artificial intelligence company Crowd Media (ASX: CM8) has their sights on more as the Company progresses through its growth phase where they have generated positive cash flow for the financial year. 

Although that positive operating cash number is only $21k from $6.4 million in customer receipts for the 12 months ended 30 June 2022, it is a significant achievement for the small cap company which has spent three years clearing debt off its books while developing their Talking Head conversational AI platform. 

With a healthy balance sheet having eliminated their legacy debt issues, 2022 had long been flagged as the year of commercialisation by Crowd Media. In the last six months alone, this has led to commercial deals with PangeaMed, Impssbl and SourceFlare as enterprise clients which was then followed last week by their launch of Bedtime Stories and Astrology VIP as subscription-based consumer products. 

“Crowd continues to develop its technology while pushing commercialization ahead of schedule and “soft-launching” products to scale the system sensibly and adapt its features to target markets that open new revenue channels,” said Crowd Media CEO, Idan Schmorak. 

“We keep rightsizing our teams to support upscaling and building new business functions with top tier personnel while maintaining a responsible cash flow regime, allowing us to be operating cash flow positive for the year, an exceptional situation for a company in a growth stage.”

While the bulk of Crowd Media’s revenue comes from its Subscription division, which effectively funds the R&D for their Talking Head platform, tides may soon be turning with the Company’s partnership with SourceFlare already delivering returns. 

What was supposed to be a Proof-of-Concept delivered by the end of September has already generated $26k in revenue which has exceeded Crowd’s internal expectations. With more tinkering over the next two months, the POC is expected to be delivered in a more complete product that can then be scaled further by SourceFlare which cite Amazon, Facebook and TikTok as some of their core partners. 

Crowd Media is expected to release its audited financials next month but has confirmed that the Subscription division’s profit per customer is increasing with more products like Bedtime Stories (€4.00 per month), which can be converted into any language, to be released soon. 

In addition to being operationally cash flow positive for FY22, Crowd Media has $2.23m of cash on hand and a further $600k to be raised next week from a share placement to Directors, pending shareholder approval.

  • About
  • Latest Posts
Jarryd Russell
Jarryd is an experienced Investment Adviser at Emerald Financial Group
Latest posts by Jarryd Russell (see all)
  • Number of allied health professionals rising - January 9, 2023
  • International Bank of Australia approved to launch Australia’s newest payments bank - November 7, 2022
  • Novatti partnership allows more businesses to accept payments on the go - October 31, 2022
*Owners of this website are shareholders in a company mentioned in this article and have been engaged by them to assist in investor communications
  •  
  •  
  •  
  •  
  • News

Leave a Comment

You must be logged in to post a comment.

  • About
  • Latest Posts
Jarryd Russell
Jarryd is an experienced Investment Adviser at Emerald Financial Group
Latest posts by Jarryd Russell (see all)
  • Number of allied health professionals rising - January 9, 2023
  • International Bank of Australia approved to launch Australia’s newest payments bank - November 7, 2022
  • Novatti partnership allows more businesses to accept payments on the go - October 31, 2022

Login or register for free to access unlimited reading

Register Now!
  • About
  • Latest Posts
Jarryd Russell
Jarryd is an experienced Investment Adviser at Emerald Financial Group
Latest posts by Jarryd Russell (see all)
  • Number of allied health professionals rising - January 9, 2023
  • International Bank of Australia approved to launch Australia’s newest payments bank - November 7, 2022
  • Novatti partnership allows more businesses to accept payments on the go - October 31, 2022
  • News

  • Opinion

  • Satire

  • About

  • Contact Us

  • Subscribe

The content published on this website is solely for general information purposes and is not to be construed as financial advice. Should you seek financial advice you should consult with an appropriately qualified person. Opinions expressed on this site are subject to change without notice and The Sentiment who produced this content is under no obligation to keep the information current. The Sentiment, affiliated companies & associates may have a conflict of interest with companies discussed on the website due to commercial arrangements, for example they may be shareholders in the company, be engaged by them to assist in investor communications or receive commission/brokerage for funds raised.

Copyright © 2020 The Sentiment. All rights reserved.
Subscribe

Enter your email address below to subscribe to The Sentiment’s weekly newsletter, highlighting the top news, research, opinion and satire articles shaping ASX investor sentiment.

The Sentiment respects your privacy and will not spam you. View our privacy policy here.