Update 04/01/21
While GSMG continues it’s decline following an initial pop to $5.80/share on great earnings. The GSMG Warrants (GSMGW) enjoy a bounce with massive volume (See Chart and Volume). Not the first time we have witnessed a similar situation. Draw your own conclusions.
GSMG accounting firm is Friedman LLP with offices in New York, New Jersey, Philadelphia, China and California. Friedman is headquartered in Manhattan and has locations throughout New Jersey and Long Island, as well as in Philadelphia, Los Angeles and China. Friedman LLP has been serving the accounting, tax and business consulting needs of public and private companies since 1924.
Potential catalyst: China Considers New Bourse to Attract Overseas-Listed Firms: Reuters
Julia Fioretti
Wed, March 31, 2021
(Bloomberg) — China is mulling creating a new stock exchange to lure overseas-listed firms from markets like Hong Kong and the U.S., Reuters reported, citing two unidentified people, marking a new attempt by world’s second-biggest economy to bring its tech success stories back home.
Earnings just released moments ago from Glory Star New Media Group Holdings Limited (NASDAQ: GSMG)
This Quarter should not be a one-off!
The nearly 100% increase in CHEERS app downloads should be a pre-cursor to another massive increase in revenues as advertising revenue from that app accounts for 67.5% of GSMG overall income.
Excerpt from filing: “Our revenues for the year ended December 31, 2020 increased by $58.0 million, or 88.2%, to $123.8 million compared to $65.8 million for the year ended December 31, 2019, which was mainly due to the increase in advertising revenue. The advertising revenue for the year ended December 31, 2020 was $104.7 million, representing an increase of $56.3 million, or 116%, as compared with that of the year ended December 31, 2019.”
Key take away: “Although the COVID-19 outbreak may materially adversely affect the global economic, there is a high rapid growth in the online entertainment and online consumption due to the restrictions on outdoor activities. We have seen a rapid growth in its mobile and online operation during this period. As of our fiscal year ended December 31, 2020 as compared to the fiscal year ended December 31, 2019, the number of downloads of our CHEERS App has increased by 98%, DAUs has increased by 180% and the average playback length of each video has increased by 39%.
Our e-Mall has also experienced a rapid growth. As of December 31, 2020, our e-Mall has carried 24,975 SKUs in total compared to 13,180 as of December 31, 2019, and the GMV of our e-Mall also increased by 581% as compared to the GMV of the fiscal year ended December 31, 2019.
We have confidence in our overall market positioning and strategy. With a strong and efficient execution, we believe that our operating net income will continue to increase and we will be able to provide more valuable content and products to our users and customers.”
Glory Star (GSMG) Wants to Bring its Media and Ad Platform to Vehicles
Good day everyone,
We are updating our coverage on Glory Star New Media Group Holdings Limited (NASDAQ: GSMG), a company that we last reported on in July of 2020.
GSMG engages in the mobile and online advertising, digital media, and entertainment businesses. In addition, the company offers CHEERS app, an e-commerce platform, which provides online store, live streaming, and online games, as well as online short videos, variety shows, and dramas in the PRC.
GSMG shares have been indicating strong gains recently, but we believe this could be a pre-cursor to a larger breakout.
Current price $4.72 per share
Outstanding shares (est.) 61.7 million
Shares in float (est.) 17.7 million
Insider ownership (est.) 66%
Revenue (ttm) $62.9M
Net income (ttm) $27.5M
Glory Star is a company with growing revenues and growing net profits.
When we examine the company stock chart we note that GSMG shares have crossed their 50 DMA and 200 DMA of $3.73 and $3.38 respectively in a bullish manner. The Simple Moving Averages are 20 day- +29.6%, 50 day- +27.8% and 200 day +41.7%. The company shares are trending.
GSMG has closed a public offering of shares over the past moth raising $13M. Based upon expenses over the past couple years, these funds could create a cash runway of 18 months or more.
This month, GSMG signed a strategic cooperation agreement with E-Surfing Media Co., Ltd., a subsidiary of China Telecom, to develop new Augmented Reality intelligence solutions for users on both companies’ platforms. Glory Star and E-Surfing Media will conduct collaborations for 5G and AR technologies in areas such as AR applications, intelligent on-demand videos, intelligent retail and more.
In February GSMG signed a strategic cooperation agreement with Global Digital Media & Entertainment Co., Ltd, a leading company in the field of digital audio interface and computer vision powered by artificial intelligence technology in China.
Also in February, GSMG announced that it has it has established a comprehensive strategic cooperation agreement with Zhongminzaixian E-Commerce Co., Ltd. .Zhongmin Zaixian offers SaaS services to enterprises in multiple market segments along the industry value chain. Its product and service offerings cover more than 300 domestic and foreign for first- and second-tier brands of consumer goods.
The number of collaborations established by the company since our last report is remarkable. Now the company wants to bring its video content and advertisements into vehicles. Once officially released, the new Application will allow both drivers and passengers to access interactive audio and video content and services on the Company’s CHEERS video platform, to be made available through the global mainstream in-vehicle user interfaces of new energy vehicles.
As part of your due diligence, we urge you to visit the GSMG website.
Revenue and net income growth FYE:
2017 Revenue $33.2M Net $11.0M
2018 Revenue $57.8M Net $12.9M
2019 Revenue $65.7M Net $26.3M
2020 GSMG is slated to release 2020 financial results today, March 29th.
Consideration for GSMG shares:
Tiny float
Huge insider position
YOY revenue and income growth
Trending market sector
About Glory Star New Media Group Holdings Limited
Glory Star New Media Group Holdings Limited is a leading mobile entertainment operator in China. Glory Star’s ability to integrate premium lifestyle content, including short videos, online variety shows, online dramas, live streaming, its Cheers lifestyle video series, e-Mall, and mobile app, along with innovative e-commerce offerings on its platform enables it to pursue its mission of enriching people’s lives. The Company’s large and active user base creates valuable engagement opportunities with consumers and enhances platform stickiness with thousands of domestic and international brands.
We will have more on GSMG in the morning,
The Traders News Group
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