Could GROM Be Our Next Blockbuster Pick? Responsible Social Media, Education, Animation and Family Entertainment. Chart Coiled, Increasing Volume, Experienced management with the Ability to Execute, Tiny Float and Rapidly Growing Revenues. Grom Social Enterprises Inc (NASDAQ: GROM) | Your Source for the Hottest Breakout Stock Research and News

Grom Social Just Issued Significant News!

Thursday, March 10, 2022, 12:00 PM

Curiosity Ink Media Teams Up with Celebrated Comic Performer Maz Jobrani to Develop Animated Family Sitcom

BOCA RATON, Fla., March 10, 2022 /PRNewswire/ — Grom Social Enterprises, Inc’s (NASDAQ: GROM), Curiosity Ink Media – a prolific creator of original multiplatform family entertainment – today announced that it will partner with iconic comedian Maz Jobrani (Pandemic Warrior, Superior Donuts, Back to School With Maz Jobrani) to develop an original animated sitcom, Laugh on Lorb (working title), centered on an aspiring teenage comic who is mistakenly abducted by aliens who believe he is Oprah Winfrey. Their objective, of course, is to bring her back to their princess, tap into her infinite wisdom, and bring aspirational living to their planet’s inhabitants. Jobrani, along with co-creator Dustin Ellis, (The Kingdom, The Iron Giant) will oversee the writing, story development and overall direction for the series which will be produced by Curiosity Ink Media and Mainstay Entertainment. The series was announced today by Russell Hicks, Chief Content Officer of Curiosity Ink Media.

Curiosity Ink Media teams up with comedic performer Maz Jobrani to develop an animated family sitcom based on Jobrani’s experiences growing up as an Iranian-American immigrant in the U.S.

“Only the mind of Maz Jobrani could conceive an Iranian teenage standup mistaken for Oprah and aiming to please an emotionless race of aliens on the verge of extinction… and we love it,” said Hicks. “Maz has an incredible ability to use his comedy to build cultural bridges and we’re thrilled that he’s partnering with Curiosity to bring his humor and endless good energy to this animated sitcom.”

Read the Full Press Release

We see this as a significant event furthering our resolve about what a solid company and growth prospect Grom is. Stay tuned for more on this recent development coming tomorrow pre-market.

The Team
original reports below

Grom Social (GROM) Offering a Very Low Entry Right Now Up Over 10% So Far

Socially Responsible and Productive Internet Use for our Children

Good day everyone,

Chart’s Coiled, Volume is Increasing, Price Target Issued Representing More Than 400% Upside, Two Previous Heads from Nickelodeon at the Helm!

Grom Social Enterprises, Inc. (NASDAQ: GROM) is a social media company providing secure social media for kids.

Current price $.9989/share (10:23 am EST 3-10-22)

The NASDAQ is red this morning following Wednesday’s uptick, but GROM is green at $.98/share (+10.2%) with early trading volume of 145K shares.

GROM is one of those oversold companies exposed by the Q122 stock market consolidation/correction that I’ve been talking about. With recent highs of $2.35/share on January 18th, and $1.42/share on February 18th, a current RSI (14) of 29.61, GROM seems to have bounce written all over it.

If you spend any time around young people, you know their social media preferences run toward Snap Chat (SNAP), and TikTok (privately owned by Byte Dance, based in China). GenZ (I call them iGen), consisting of people born 1999 and later, have, for the most part, had a smart phone in their hands since the age of twelve (and younger). The age at which children are exposed to social media keeps getting younger. SNAP and TikTok may not offer the healthiest experience for youngsters.

Now we have Grom Social which not only offers kid friendly content but offers parents the opportunity to guide their children through the social media learning curve. The company has assembled world class talent in animation and story telling in providing an interactive platform for kids. Best of all, from an investment point of view, the company is growing revenues, and increasing active users (currently 2.5M per month) on their media platform at a 60% annual rate.

The Traders News Group
original report below

Responsible Social Media, Education, Animation and Family Entertainment

“Russell Hicks has a history of success and was involved in the development of hits such as Scooby-Doo, SpongeBob Square Pants, Dora the Explorer, and Paw Patrol.

Good day everyone and welcome to all of our new group members,
You are joining us at a great and valuable time as we navigate this volatile market.

Feature Report

Grom Social Enterprises Inc. (NASDAQ: GROM) is an entertainment, technology and social media company dedicated to family-friendly programming, web-filtering technology and safe, secure social media for kids. What sets Grom apart is that they invite parents and caregivers to join in playing an active role to keep kids safe, engaged and entertained.

Chart Coiled – Volume Picking Up

Oversold chart with a 14 day RSI of 29.6 and MACD running very tight sitting just above 52 week lows.

52 week high $19.50/share
52week low $0.79/share
Current $0.906/share

Grom Operates Four Verticals

Grom Social – The Company delivers content through mobile and desktop environments (iOS and Android) that entertain children, allow kids to interact with their peers safely, all while promoting good digital citizenship.
Visit www.gromsocial.com

Grom Educational Services – Web Filtering for Schools, Federal/Municipal Government and Private Businesses. Visit www.gromedu.com

Top Draw Animation – An award-winning producer of top-quality animation and a leading source of 2D animated programming for global entertainment providers.
Visit www.topdrawanimation.com

Curiosity Ink Media – Curiosity is a cross-platform media & entertainment company serving kids and families with ground-breaking original story-telling content.
Visit www.curiosityinkmedia.com

Investment Highlights
Acquisition of Curiosity Ink Media

The company purchased Curiosity Ink Media (CIM) in August 2021. CIM is a creator, developer, and producer of kids and family entertainment content that was created by Russell Hicks in 2018. We believe the company is poised to benefit from the increase in expected spending on content from major streaming services.

Russell Hicks has a history of success and was involved in the development of hits such as Scooby-Doo, SpongeBob Square Pants, Dora the Explorer, and Paw Patrol.

He was a driving force behind the success of Nickelodeon in the early 2000s, where he was the president of content and production from 2012–2017 and Chief Creative Officer from 1998-2012. We believe his past history of developing hit content is repeatable.

The team at CIM has a strong incentive to develop successful content due to the earn-out structure from the acquisition. Grom paid roughly $5.7M for CIM up front, but the selling party has the opportunity to earn up to $17.5M more upon achieving certain EBITDA targets from 2023-2025.

According to Ampere Research, streaming services spent more than $220B for content in 2021, representing an increase of 14% over 2020. In 2022, Ampere expects investment for content to exceed $230B, representing an increase of 4.5%

Top Draw Animation Tailwinds

With recent contract wins in 4Q21, we believe the company’s backlog is roughly $8.6M, which represents a 33% increase above the backlog stated at the beginning of FY21 and a 23% increase above the backlog stated at the beginning of FY20.

Russell Hicks was appointed to Managing Director of Top Draw Animation in August 2021. The founder of Top Draw Animation, Wayne Dearing, resided in the Philippines and retired in August 2021. The company now has direct access to Hollywood through the connections that Russell Hicks has built over the past 40 years.

According to former Nickelodeon executive, Paul Ward, who joined the company in March 2021 as President of Grom, many of Russell Hicks’ colleagues hold key decision-making roles at major companies such as NBC Universal, Netflix, Hulu, and Amazon.

As a result, we believe the company’s Top Draw Animation business will win a lot of new contracts going forward.

Positive Momentum in KPIs and Revenue Trends

Grom boasts a high online usage duration versus some of its peers and continues to grow its user base. The company currently has roughly 2.5M total monthly active users, up from 876K in 2019, representing approximately 60% growth per year.

EFHutton Analyst Price Target $5/Share

“Grom was assigned a $5.00 price target using a sum of the parts analysis and a relative valuation from peers.”

EFHutton’s price target implies a return of more than 400% from the current PPS.

Share Statistics A/O Most Recent Quarter, Balance Sheet A/O Most Recent Quarter and Income Statement

Avg Vol (3 month) 337.25k
Avg Vol (10 day) 162.06k
Shares Outstanding 12.6M
Float 8.75M
% Held by Insiders 22.32%
% Held by Institutions 10.64%
Shares Short (Feb 15, 2022) 355.49k
Short % of Float (Feb 15, 2022) 3.11%

Balance Sheet

Market Cap $13.61M
Cash on Hand $9.1M
Total Debt $3.6M
Book Value Per Share $2.07
Current PPS $0.906

Income Statement (ttm= trailing 12 months)

Revenue (ttm) 6.46M
Revenue Per Share (ttm) 0.52
Quarterly Revenue Growth (yoy) 5.20%
Gross Profit (ttm) 2.81M
EBITDA -4.28M

Grom Management

Zach Marks
Founder / Chief Content Developer

Darren Marks
Chairman / CEO / President

Over 30 years of public company experience at the CEO and Director level
Co-founder and creator of Nasdaq listed telecommunications company
Extensive experience in commercializing new products.

Melvin Leiner
Vice Chairman / Executive Vice President

Over 40 years of high-profile senior executive level experience in the public and private sectors chairman, co-founder and CEO of a Nasdaq listed telecommunications company strong operational and financial skills.

Jason Williams
Chief Financial Officer

Financial executive with over two decades of demonstrated success and leadership experience in accounting, finance and operations for both publicly-traded and privately-held companies.

Paul Ward
President of Grom Social

Over 20 years with Nickelodeon as Executive Vice President where he oversaw daily operations of Nick at Nite while working with all departments to drive ratings and brand success.

Russell Hicks
CCO of Curiosity Ink Media and President of Top Draw Animation

With a distinguished tenure as President of Nickelodeon Animation Studios, Russell Hicks has masterminded countless iconic franchises like Scooby-Doo, SpongeBob and Dora the Explorer.

We encourage you to view the GROM Investor Deck

Recent Article- Deep Dive: Grom Social Enterprises

Our goal is that this initial introduction gets everyone started with their own research.

***Note that GROM is currently on the NASDAQ’s Reg SHO Threshold List. Failures to deliver to the clearing agency usually indicate some naked short selling within the security.

Regulation SHO is a 2005 SEC rule that governs short selling. The regulation introduced the “locate” and “close-out” requirements aimed at curtailing naked short selling.

There is a lot to cover with Grom, stay tuned for multiple report updates this week.

The Traders News Group

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