For those looking for new momentum on high-volume advances in the sub-penny space, you could do a whole lot worse than taking a closer look at RealBiz Media Group Inc (OTCMKTS:RBIZ). Shares have recently exploded above the stock’s 50-day simple moving average on an advance that has already covered over 600% in the past 10 days, but with no signs at this point of stopping. To further foment that momentum, the company just announced the financial results for its second quarter of fiscal 2018, ended April 30, 2018.
According to the release, “In terms of Q2/2018, management is noting the following items of importance: for the first six months of fiscal 2018, Verus revenue totaled $2,234,444, a 102% increase over the $985,068 reported in the first half of fiscal 2017; for the comparable six-month periods, Total Operating Expenses showed a 22% improvement at $991,645 in the first half of fiscal 2018 vs. $1,275,738 in fiscal 2017; and legal and Professional Fees in Q2/2018 were $168,280 and accounted for 31% of the Company’s operating costs, but are expected to decrease following completion of the spin-off.”
RealBiz Media Group Inc (OTCMKTS:RBIZ) operates two business segments: an international food subsidiary, Verus Foods, Inc. (Verus), that sells food products to customers worldwide; and a real estate digital media and technology subsidiary. Verus is an international supplier of consumer food products.
Verus markets under its own brand primarily to supermarkets, hotels, and other members of the wholesale trade. In 2017, Verus plans to pursue a three-pronged development program through the addition of cold-storage facilities, product line expansion, and new vertical farm-to-market operations. Verus’ initial focus is on frozen foods, particularly meat, poultry, seafood, vegetables, and French fries. Verus has a significant regional presence in the Middle East and North Africa (MENA) and sub-Saharan Africa (excluding Office of Foreign Assets Control (OFAC)-restricted nations), with deep roots in the Gulf Cooperation Council (GCC) countries.
RBIZ360 is a real estate digital media and technology company whose proprietary video processing technology makes it one of the leaders in providing home video tours to the real estate industry. Its client base includes more than 60,000 real estate agents and brokers. Through its wholly owned HomeTourNetwork operation, the company provides a Television video-on-demand network, a growing MicroVideo App network, and an existing Virtual Tour network.
According to company materials, “RealBiz Media Group, Inc. consists of two business segments: an international food subsidiary (Verus Foods) that sells products to customers worldwide; and a real estate digital media and technology company. RealBiz Media Group, Inc. (OTC: RBIZ) trades on the OTC marketplace for early stage and developing U.S. and international companies.”
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Traders will note 530% piled on for shareholders of the stock during the trailing month, but this action is running counter to the larger trend in the name. Moreover, the company has witnessed a pop in interest, as transaction volume levels have recently pushed a bit over 570% over the long run average.
“We are putting the finishing touches on 10 SKUs and have begun designing a dozen additional products, with a goal of steadily adding to our portfolio throughout 2018,” explained Verus CEO Anshu Bhatnagar. “As we previously communicated, we are shifting from a wholesale to a retail focus as part of a strategy to create a more valuable distribution network, beginning with about 2,800 locations. Our SKUs are not private label versions of existing products but are based on original recipes under our own labeling and branding.”
Now commanding a market cap of $4.98M, RBIZ has a stash ($118K) of cash on the books, which must be weighed relative to about $1.3M in total current liabilities. RBIZ is pulling in trailing 12-month revenues of $4.4M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 15.3%. We will update the story again soon as developments transpire. Sign-up for continuing coverage on shares of $RBIZ stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $RBIZ, either long or short, and we have not been compensated for this article.