Ça me semble quand même important, mais malheureusement il n’y a pas de chiffres mentionnés dans l’article.
Ivrnet is pleased to announce the signing of its inaugural contract with a national Real Estate Property Developer who has selected Ivrnet to migrate its first of 17 Home Owners Associations to the Ivrnet Central on-line Membership and Facilities Management software suite.
Les états financiers annuels de 2017 ont été publiés sur Sedar hier soir. Quelques points intéressants à souligner:
Croissance des revenus de 19%
BAIIA positif de $496k
Perte nette de -$425k
Revenus de $390k pour Nextext, versus $169k pour 5 mois en 2016. En annualisant 2016, je constate qu’il n’y a pas eu de croissance pour Nextext en 2017.
Belle croissance de Community Central et SafePay.
L’entreprise a renégocié les termes de paiement du prêt avec R.C. Morris parce qu’elle ne rencontrait plus certaines exigences du contrat. Des paiements en intérêts seulement seront effectués jusqu’en juin 2018 puis le principal commencera à être repayé graduellement. La pénalité pour renégocier l’entente est de 3% du montant du prêt ($1.87M) en bons de souscription.
La débenture convertible ($250k) qui était à 10% d’intérêts et convertible à $0.10 a été renouvelée pour 1 an à 17% d’intérêts et convertible à $0.08.
Ce n’est pas une très bonne nouvelle que les termes de financement de l’entreprise se dégradent. En terminant, voici un passage du rapport de gestion qui m’inquiète un peu:
Included in Community Central 2017 revenue is over $260,000 in one-time contact termination penalties. In September 2017 three clients terminated their 60-month Community Central contracts with the Company. The Company has been in negotiations with the clients and is seeking damages for the unexpired term of the contracts, if these negotiations prove to be unsuccessful, the Company will pursue litigation.
Je me demande quelle est la raison de l’annulation. La prochaine fois que je vais parler au management, je vais tenter d’en apprendre davantage à ce sujet.
L’augmentation des revenus récurrents mensuels de Ivrnet Central + Safepay est élevée et les revenus des 17 nouveaux sites n’etaient pas encore intégrés dans ces résultats.
Je conserve mon importante position. J’estime les revenus récurrents à plus de 85 % des revenus de la compagnie donc très prévisibles. Si la compagnie continue de progresser ce cours de 0.035 $ aura été une aubaine.
J’ai fait quelques recherches avec Google pour trouver des clients type de l’entreprise. Je crois en avoir trouvé quelques-uns qui font référence au logiciel Ivrnet Central, le logiciel de gestion qui intègre notamment la facturation et les réservations.
Disclosure : Je détiens une importante position
La lettre aux actionnaires vient d’être publiée sur Sedar. La voici:
IVI - Lettre aux actionnaires.pdf (765,9 Ko)
On peut s’attendre à un financement dans les prochains mois :
Ivrnet Central Exceeds First Half Targets
2018-10-16 09:04 ET - News Release
CALGARY, AB / ACCESSWIRE / October 16, 2018 / Ivrnet Inc. (TSXV:IVI) is pleased to announce a sales and marketing partnership with one ofWestern Canada’s premier wireless communications resellers, Imagine Wireless.Imagine Wireless has locations across WesternCanada, in Vancouver, Surrey, Victoria, Canmore, Banff, Calgary, and Edmonton.
Initially envisioned as a partnership to sell products such as Telepayand Safepay into new markets, a wide array of Ivrnet products includingIvrnet’s membership management solutions, Financial Processing solutions, andNextext advertising platform are a great complement to Imagine Wireless’ clientbase.Through the newly minted andexpanding partnership, Ivrnet will provide both standard products and exclusiveproduct packages for Imagine Wireless and their clients.
“Ivrnet and Imagine Wireless are a fantastic complement,” stated ChrisTopolniski, COO of Ivrnet. “Ivrnet’sunique product set provide new opportunities for Imagine Wireless’s sales teamand new solutions for their clients, while Imagine Wireless’ deep and expertteam provides greatly expanded reach and new markets for Ivrnet products.”
Under the terms of the partnership agreement Ivrnet will provideexclusivity to Imagine Wireless within the latter’s market and Imagine Wirelesswill provide a committed sales effort for Ivrnet’s products to thatmarket. As a result, Ivrnet will provideboth differentiation and enhanced solutions to Imagine Wireless’ offerings andImagine Wireless will provide Ivrnet’s sales efforts a geographic extensioninto major centers across western Canada.
Ivrnet is a software and communications companythat develops, hosts, sells and supports value added business automationsoftware. Our products and services are delivered through the traditional phonenetwork and the Internet. These applications facilitate automated interactionthrough personalized communication between people; mass communication fordisseminating information to thousands of people concurrently and personalizedcommunication between people and automated systems. Ivrnet’s applications are accessiblethrough nearly any form of communication technology, at any time, from anywherein North America via voice, phone, fax, email, texting and the Internet.
About Imagine Wireless
Established in 1994, Imagine Wireless isCalgary’s largest locally owned Rogers authorized dealership. They offer afirst-class sales and service experience to all customers who walk into any oneof their 10 retail locations across Calgary, Banff and Canmore.
As a Rogers Business Elite Partner, they arealso their clientele’s source for all wireless and wireline solutions. Theytake an innovative-led approach to help clients “imagine and invent” theirfuture by providing leading edge wireless mobile voice and data solutions,business telecom solutions and satellite solutions in addition to having aknowledgeable corporate account team proficient in mobile data and voicetechnologies. By combining their capabilities to invent, develop and deliverdisruptive innovations for clients and to scale them faster.
They use their industry and business-processknowledge, service offering expertise and insight and understanding of emergingtechnologies trends to formulate and implement solutions for clients. They havedemonstrated commitment to their corporate clients by listening to andanticipating their needs. They have a proven track record providing andsupporting the necessary products, solutions and services to increaseefficiencies and maintain competitive advantages for clients. With over 50years of combined wireless experience from their Account Management and Salesteam and a retail experience that is second to none, Imagine Wireless is theonly name to know in telecom solutions. Their strategy is focused on helpingclients improve operational performance, deliver their products and servicesmore effectively and efficiently and grow their businesses in existing and newmarkets.
Merci SimB! je crois que c’est la première fois que la compagnie dévoile certains de ses clients majeurs. En plus des gouvernements, Manitoba Hydro, Shaw com, Translink, Pattison, la Ville de Calgary, Edmonton (p.4) …BROOKFIELD PROPERTIES et MELCOR sont mentionnés ! (p.14),
En plus de 20 ans comme investisseur je n’ai jamais vu une compagnie ayant un si petit marketcap avec autant de revenus récurrents de grandes organisations. Heureux d’avoir accumulé une importante position. À suivre…
Je suis en train de revoir mes cibles de rendement et vous donnez quoi comme prix cible pour IVI?
@MrK C’est une bonne question surtout suite aux dernières annonces d’ajouts d’entreprises de revendeurs et au fait que les marges ont augmenté à 71 % au cours du dernier trimestre.
Il devrait être plus facile de répondre avec une nouvelle présentation aux investisseurs.
Je détient une importante position.
Ivrnet Inks Partnership with Calgary Based BiLDIT
Monday, December 3, 2018 2:30 PM
CALGARY, AB / ACCESSWIRE / December 3, 2018 / Ivrnet Inc. (TSX-V: IVI) is pleased continue the construction of its new partner channel with the addition of BiLDIT (“BiLD”) as a strategic development and sales partner.
In October of 2018 Ivrnet announced the integration of Ivrnet Central - a leading membership management SaaS platform - with BiLD, an innovative and revolutionary new solution for managing facility and amenity health and maintenance.
By utilizing BiLD software and any electronic device to capture data, insights and reports can automatically be generated for a variety of purposes including capital plans, building condition reports, daily maintenance tracking, and even depreciation reports. More importantly, all this data is continually being analyzed, allowing BiLD to continually learn. This Artificial Intelligence can help in planning building lifecycles, preventing emergency situations, and minimizing capital risk.
Integrating BiLD with Ivrnet Central simplifies the impact of managing both people and the amenities they utilize. The combination is the first of its kind, bringing advanced analytics of facilities life and health with comprehensive management of people utilizing those facilities. October’s joint announcement in Calgary was met with great success and multiple clients engaging the partnership for its joint solutions.
The BiLD partnership extends and complements the recent announcements of the Altitude Communications and Imagine Wireless sales partnerships with both new sales channels and new capabilities to feed into all Ivrnet channels. “BiLD is the first joint technology development undertaken by Ivrnet in several years,” stated Ivrnet CEO David Snell “and we are excited with the possibilities BiLD’s talented team brings to Ivrnet’s clients. We look forward to great things to come.”
Ivrnet is a software and communications company that develops, hosts, sells and supports value added business automation software. Our products and services are delivered through the traditional phone network and the Internet. These applications facilitate automated interaction through personalized communication between people; mass communication for disseminating information to thousands of people concurrently and personalized communication between people and automated systems. Ivrnet’s applications are accessible through nearly any form of communication technology, at any time, from anywhere in North America via voice, phone, fax, email, texting and the Internet.
Established in 2018, BiLD is an exciting new approach to how building data can be used to make better informed capital and operating decisions. Utilizing new technology in Machine Learning, the internet of things (IoT) and “Big Data”, BiLD looks to disrupt an industry that’s been static for decades.
BiLD was born out of witnessing the frustrations of building owners, operators and engineers first hand. The BiLD team brings over 25+ years of combined engineering and consulting experience within the building industry. No acceptable solution existed in which users could easily and effectively mange data, and more importantly learn and predict future outcomes from this data.
BiLD models each and every component within a building, along with the building itself, along an in-house developed algorithm to describe the decaying reliability of the asset given various parameters like age and maintenance history. BiLD takes daily operational data gathered from local facility operators and dynamically adjusts estimated component lifespans and associated costs. Historical information is stored in BiLD database of asset information, such as make, model and materials, to provide more realistic cost and reliability information for each individual asset. Even outside influence such as weather and location, has a direct influence on reliability and projected replacement time and cost of the asset. Comparative analysis on the asset is performed across the BiLD database to provide trends and patterns, thus simplifying future asset planning. The outcome of gathering all this data is BiLD begins to make predictions on how much a building will cost and when, greatly simplifying administration planning and reducing costly consultants.
This press release contains forward-looking statements which reflect Ivrnet’s current beliefs and are based on information currently available to Ivrnet. These statements require Ivrnet to make assumptions it believes are reasonable and are subject to inherent risks and uncertainties. Actual results and developments may differ materially from the results and developments discussed in the forward-looking statements as certain of these risks and uncertainties are beyond Ivrnet’s control.
These statements are based on Ivrnet’s understanding and assessment of applicable markets and the opportunities within those markets. However, there can be no guarantee that Ivrnet’s assessment is correct, or even if it is correct, that Ivrnet will be able to capture any of those revenue opportunities or that it will be able to grow those opportunities. These statements are based on the assumption that Ivrnet has the technical capabilities to build and deliver technical enhancements and that such technical enhancements will increase revenue opportunities for Ivrnet as anticipated. However, there can be no guarantee that Ivrnet will be successful in building and delivering those technical enhancements in a commercially viable manner or that such technical enhancements will deliver any new revenue opportunities for Ivrnet or, if generated, that Ivrnet will be able to capture such revenue opportunities. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected effects on Ivrnet. These forward-looking statements are made as of the date of this press release. Except as required by applicable securities legislation, the Company assumes no obligation to update publicly or revise any forward-looking statements to reflect subsequent information, events, or circumstances.
For further information please contact:
Chris L. Topolniski - Chief Operating Officer, Ivrnet Inc.
Direct: (403) 538-9722
Cellular: (403) 870-2434
De toute évidence un nouveau marché vertical avec la plateforme Central !
December 04, 2018 (ACCESSWIRE via COMTEX) – CALGARY, AB / ACCESSWIRE / December 4, 2018 / Ivrnet Inc. (IVI) (“Ivrnet” or the “Corporation”) announces it has restructured the repayment terms with R.C. Morris Capital Management Ltd.'s mezzanine loan as part of a recent initiative to replace the financing with less expensive capital.
Following six quarters of positive EBITDA, growth in new product sales, and reduced operating costs, Ivrnet is returning to the financial markets for a replacement to the mezzanine financing provided by R.C. Morris Capital Management Ltd.in 2016.
“The capital provided by RC Morris in 2016 was instrumental to Ivrnet’s productization of 15 years of intellectual property, and to the restructuring of Ivrnet’s SaaS infrastructure”, said David Snell, Ivrnet’s CEO, “but the company has progressed to a point where it believes less expensive capital is an option. RC Morris has been a great partner, and as such are very supportive of replacing their own debt with financing more suitable at this time.”
Over the last 3 months Ivrnet has explored options with alternate financers and has several proposals on the table. “We want to ensure that Ivrnet takes the right deal for the company, not just the first deal that comes along, so we have presented to them a relaxation of the loan repayment to provide time to evaluate and select the best deal”, stated Conrad Krebs of RC Morris. As part of the loan restructuring, RC Morris will allow Ivrnet to make interest only payments for up to 18 months. The intent, however, is to remove the RC Morris loan before that time.
“RC Morris’ goal has always been to work with clients that could not find alternative financing and help them grow to the point that we are no longer needed. We are proud of the positive impact this has on our clients and feel Ivrnet is ready to take this step”, continued Mr. Krebs.
In addition to providing the relaxation, RC Morris has agreed to provide consulting services to assist Ivrnet in evaluating deals and preparing materials.
Pas de dilution mais ça me semble quand même assez «cher» comme termes. Mobile Royalty va potentiellement doublé son argent en 2 ans, l’équivalent de 41.5% composé annuellement en plus de garder une royauté de 15% dans le futur (avec possibilités de se faire racheter cette royauté à 3x les derniers trois mois de royautés reçues au moment du rachat)…
CALGARY, AB / ACCESSWIRE / December 10, 2018 / Ivrnet Inc. (TSXV: IVI) (“Ivrnet” or the “Corporation”) has signed a term sheet with Mobile Royalties Corp. (“Mobile Royalty”), a private equity firm, for the sale of a royalty on future NexText revenues. In the term sheet, Mobile Royalty agrees to pay Ivrnet $900,000 for a 40% share in NexText revenues that will decrease to 15% upon Mobile Royalty receiving $1.8M of royalty payments over the next two years. Should it take longer than two years for Mobile Royalty to receive $1.8M of royalty payments, the revenue share will drop from 40% to 15% upon after $2.7M of royalty payments being completed. As part of the Mobile Royalty deal, Ivrnet retains the rights to repurchase the long term royalty stream - once the royalty has decreased to 15% - at 3x the annualized previous three months Royalty payments. Royalty purchase is at Ivrnet’s option. No finder’s fees, broker’s fees and/or commissions will be paid in connection with the royalty sale.
“Ivrnet is pleased to find a partner to assist with the growth of the NexText Mobile Advertising platform,” states Chris Topolniski, Ivrnet COO. “Capital raised through this royalty deal will provide considerable resources to the sales and marketing of NexText, accelerating growth significantly faster than we could otherwise do. With faster growth we expect to generate more net revenue for Ivrnet, even factoring in the royalty sharing.”
Use of proceeds from the royalty sale will be restricted to sales, marketing, development or other efforts that advance the NexText platform.
“Mobile Royalty is yet another strategic partnership to close out 2018,” adds David Snell, Ivrnet CEO. “The Mobile Royalty partnership adds to the recently announced sales partnerships with Imagine Wireless and Altitude Communications, as well as the most recently announced technology and sales partnership with BiLDIT.”
“Mobile Royalty adds a non-dilutive, non interest baring financial partner to our recent initiatives, providing a key component to our stated goal of increasing sales activities 10 fold in 2019 over the beginning of 2018. We are thrilled to have this opportunity to add to the resources of Ivrnet without incurring dilution to our shareholders,” concludes Snell.
The Mobile Royalty deal is expected to complete towards the end of December 2018 or early 2019. As previously mentioned, no commissions or fees will be paid by Ivrnet in connection with this sale.