A Big Data / Analytics company.
Market Cap $200M
Software company focused on big data analytics. They provide intelligence and make sense of it.
1. IDI - Selling data to insurers, bail bondsmen, private investigators - Have attracted so far 5,000 customers.
2. ForWarn - Designed for realtors. This product allows you to take that phone numbers and see if he has a criminal background, bankruptcies etc. Have signed 40,000 realtors in the last two years.
2019 - $30M in sales up from $9M in 2017.
Margins are huge. Gross margin is 59%. Management thinks it will grow to 80%
Free cash flow positive - $1.8 last quarter.
Current addressable market - $10B
There are several competitors - Palentire, Lexus Nexus, Thompson Reuters.
40% of their data comes from one source.
Phil Frost and Michael Browser are co-founders have been accused of pump and dump schemes.