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Feb
28
In-Touch Survey Systems targets twice the growth
Posted by: Gerry Wimmer
2/28/2016
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TOP IDEAS: With revenues up 20% in 2015, In-Touch Survey Systems Ltd. (TSXV: INX) has set a goal to grow by 40% in 2016. To date, the stock price is up 52%.



Prior to the release of its 2015 annual results next month, In-Touch Survey Systems Ltd. (TSXV: INX- $0.425) announced that revenues had jumped 20% last year to over $10 million. The Company’s management has stated its target is to increase revenue growth by a further 40% to $14 million in 2016. With only 15.1 million shares outstanding, In-Touch Survey Systems’ stock price has plenty of upside potential if the Company’s growth objectives for this year are achieved.

In-Touch Survey Systems develops managed mobile software technology and services for private businesses, governments and regulators to provide advanced interactive data capture and measurement solutions for large organizations striving to connect with prospects, customers, suppliers, employees and managers.

Recently the Company unveiled a new branding strategy with a new logo and website to better represent its enterprise class of mobile insight offerings. The suite of In-Touch solutions is now characterized in two main product lines.

The Company’s first product line gauges and improves operational performance for larger businesses, called Intouch for Operations. The offering includes mobile audit and checklist software, branded IntouchCheck; Mystery shopping solutions called IntouchShop; Operational audit solutions named IntouchAudit; and Customer survey software indentified as IntouchSurvey.

The second product line is called Intouch for Events. This product line offers data capture and tracking solutions for events and provides experiential marketing information for businesses seeking to maximize the value of their marketing event spends. Intouch Capture is the data and lead capture software tool and IntouchTrack provides on-site experiential tracking solutions.

Combined, In-Touch's two product lines generate a mix of revenue streams. The fastest-growing portion is from recurring revenue generated from its Software as Service (SaaS) applications within the Intouch for Operations group. Other revenues earned include one-time licensing and user fees and project-based programs.

The Company last reported in 2015, its 9-month financial results. For the period ended September 30, 2015, In-Touch recorded revenues of $6.86 million, which earned the Company $280,458 in net income or $0.02 per share in earnings. Beginning in the fourth quarter of 2015, the financial results will include the addition of Statopex Inc., a customer experience measurement business headquartered in Montreal, acquired by the Company in October of last year. It is anticipated that Statoplex will add $4 million to the annual revenue base of In-Touch Survey Systems.

We added In-Touch Survey Systems Ltd. to our list of Investorfile’s Top Ideas – Small Cap Value Stocks in August of 2015 (See: In-Touch Survey Systems is a small cap technology stock that is a value buy investment opportunity). Since then the stock price has moved up 52% to a current trading price of $0.425.

Our recommendation last year was to accumulate the stock of In-Touch Survey Systems up to a price of $0.55 per share. We reconfirm this recommendation. That said, if the Company’s management can achieve the revenue target it publicly released for 2016 of $14 million (and if that additional revenue growth is accretive to the Company’s per share earnings), the stock price of In-Touch Survey Systems could easily exceed our price target this year.

In-Touch Survey Systems website: www.intouchinsight.com.

Author Ownership Disclosure: TSXV: INX - Yes


Read Disclaimer:

This article is for informational purposes only. This article is based on the author's independent analysis and judgment and does not guarantee the information's accuracy or completeness. The information contained in this article is subject to change without notice, and the author assumes no responsibility to update the information contained in this article. The information contained within this article should not be construed as offering of investment advice. Those seeking direct investment advice, should consult a qualified, registered, investment professional. This is not a direct or implied solicitation to buy or sell securities. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock.

Investorfile.com is not engaged in an investor relations agreement with In-Touch Survey Systems Ltd. nor has it received any compensation from In-Touch Survey Systems Ltd. for the preparation or distribution of this article.

The author of this article has acquired and may trade shares of In-Touch Survey Systems Ltd. through open market transactions and for investment purposes only.

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Comments:
Posted by: Gerry Wimmer
Hi Gerry, Just a quick note to thank you for the info about the companies profiled on your page. I was a bit ''''late'''' to the Sangoma party but am doing very nicely with it (even if not >500%). I am considering whether to put some money in some of the other companies-- Answer: My top picks for 2018 are still ITC, STC and PAY. Gerry Wimmer
Posted by: ken Johnston
Hi Gerry, Just a quick note to thank you for the info about the companies profiled on your page. I was a bit ''late'' to the Sangoma party but am doing very nicely with it (even if not >500%). I am considering whether to put some money in some of the other companies--ITC, INX, and TLA. And am also wondering about PAY. I have several questions. What is your take on INX''s recent moves? Are you still optimistic? Would you initiate a position today if you weren''t already invested? Also

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