1TT COMPANY SUMMARY - FUNDAMENTALCompany Details
Stock Code: 1TT
Share Price: 1.5C
Shares on Issue: 296,621,519
Cash on Hand: $2.5M
Market Cap: $4.5M
OverviewThrive Tribe (1TT:ASX) is a company that makes strategic acquisitions in the health and wellness industry, highlighted by there Sixty app, an innovative health and wellness platform that was designed to specifically help creators and their brands thrive. Working synergistically with the app is Daily Food (1TT own 54% of Daily Food), a health food company that is centred around providing foods with the right nutrients to benefit positively on energy, focus, mood, and overall well-being in the short term, with an emphasis on long term benefits including better mental health, stronger immunity, imrpoved hormone balance, reduced inflammation, and lowered risk of disease. Products of Daily Food are available at Woolworths and are looking to secure further national contracts across the country this year.
Also working synergistically with the Sixty app is Slik (1TT own 6.6% of Slik), an employee experience platform used for measuring, analysing and improving the employee experience. Slik is on track to achieve profitability in the current 1st quarter of 2024, already boasting global tier-1 clients such as Toyota, Starbucks, DHL, Honda, Heineken and Danone.
The Sixty app will allow content creators, influencers and businesses in the health and wellbeing industry to add an extra revenue stream to their business, able to provide courses, live chat interaction and live streaming of there content direct to users for a payment, similar to other subscription based services such as Onlyfans, YouTube and Patreon, with the specific point of difference being that it is centred completely around health and wellness where users are able to interact directly with their favourite content creators and consume exclusive content that is available only on the Sixty app. Products from these influencers are also able to be purchased through the app.
Investments - Sixty app
- 54% ownership of Daily Food
- 6.66% of Slik
What does this all mean as an investment caseThe existing $250 billion creator economy is experiencing rapid growth and is anticipated to nearly double its market size by 2027. This positions Sixty as a key player poised to dominate a marketplace worth half a trillion dollars, integrating content, advice, and products.
The fundamental idea is straightforward: bring creators and users together, fostering interaction for the consumption and creation of content based on individual desires.
Creators will have the capability to schedule appointments, conduct online courses, provide pay-per-view content, market digital products and services, and offer subscriptions and memberships.
Users will enjoy direct and personal access to their preferred creators, gaining entry to customized content, services, and programs. Additionally, they will receive early access to new product releases and promotions from their favored brands.
Technical AnalysisThe company (post consolidation over a year ago) was sitting @ .005
After a large run all the way up to .043, the company has settled down at an attractive 1.5c, a measly $4.5M market cap, and given there was $4M cash in the bank as @ September 30th last year (with obvious cash burn since) an EV of roughly $1.5-2M in a space where growth is projected to double over the next 4 years to over half a trillion dollars makes this a compelling investment case.
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