9 Spokes: The Global App Store For SMEs, Targeting the Holy Grail of "Big Data" Analytics

Foster Stockbroking

Stockbroker

9 Spokes recommends the world’s best business software cloud applications for SMEs and integrates them into a smart dashboard, revealing key information on how their business is performing. 9SP has signed major clients, including Barclays, Deloitte and Suncorp (live in Q3 16 with $320k minimum monthly billings). We would not be surprised to see some further larger organisations signed up in the near-to-medium term, particularly in the US. The potential revenue from a single contract, such as a Barclays, in its own right is massive. 9 Spokes negotiates a licence fee that provides a base minimum payment over the term of the contract, while 9 Spokes accesses the App Margin as per the normal business model. The business in our view is much stronger with the $25m in bank and yet 25% cheaper from IPO. This creates opportunity for savvy investors.


Foster Stockbroking
Foster Stockbroking
Stockbroker

Providing investment strategies, research and ideas to institutional and professional investors since 1991, with a primary focus on emerging Australian companies.

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