£15.7m market cap
17.25p last close
appScatter is a B2B mobile app distribution, management and intelligence company; its cloud-based platform helps customers distribute to and monitor over 50 app stores globally. It is building one of the largest repositories of app store data and aims to launch a marketplace to support third-party app integrations in 2018.
Investment summary
The proposed £13.5m acquisition of Priori, a B2B SaaS platform provider of mobile app intelligence, would enhance appScatter’s data intelligence capabilities, add scale and provide cross-sell opportunities. To fund the deal and provide additional working capital, appScatter plans a fund-raising of at least £15m.
Y/E Dec |
Revenue (£m) |
EBITDA (£m) |
PBT (£m) |
EPS (p) |
P/E (x) |
P/CF (x) |
|---|---|---|---|---|---|---|
| 2015A | 0.0 | (2.1) | (2.1) | N/A | N/A | N/A |
| 2016A | 0.0 | (3.5) | (3.6) | N/A | N/A | N/A |
| 2017E | N/A | N/A | N/A | N/A | N/A | N/A |
| 2018E | N/A | N/A | N/A | N/A | N/A | N/A |
| Last updated on 04/04/2019 | ||||||
Industry outlook
Google Play and the Apple App Store dominate the app store market in western geographies, accounting for 85% and 69% of all downloads in the US and UK. However, the scale of the remaining app store market is also vast, particularly in geographies such as China. Within this ‘other’ market, appScatter benefits from first-mover advantage, already distributing apps to, and monitoring their performance across, multiple app stores globally including the majors.
Last updated on 04/04/2019
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| Forecast net debt (£m) | N/A |
| Forecast gearing ratio (%) | N/A |
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Key management |
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| Clive Carver | Chairman |
| Philip Marcella | CEO |
| James Eggleston | Chief Technology Officer |
| Jason Hill | Sales Director |
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