The loss of one or more of these endorsement arrangements or our inability to obtain additional effective endorsements could adversely affect our advertising and customer acquisition efforts and our operating results. 12):Ĭurrently, we rely significantly on advertising endorsements by certain radio personalities. The loss of one or more of these endorsement arrangements or our inability to obtain additional effective endorsements could adversely affect our advertising and customer acquisition efforts and our operating results.Ĭarbonite reiterates this dependency on radio endorsements in the Form 10-K Annual Report it filed yesterday (h/t commenter Eliot Ness) (p. Currently, we rely significantly on advertising endorsements by certain radio personalities.
In order to grow, we must continue to attract a large number of customers on a cost-effective basis, many of whom have not previously used online backup solutions…. We generate substantially all of our revenue from the sale of subscriptions to our solutions. A key part of getting new subscribers, according to the Prospectus, was through radio personalities.Īccording to the Prospectus for the August Initial Public Offering, Carbonite depended heavily on radio personality endorsements to grow its customer base (p. In its FebruForm 8-K/A Current Report, Carbonite touts its rapid annual the growth in subscriber base and revenue.īut getting new consumer subscribers is difficult and expensive, and getting more so as new competitors - including possibly Google - enter the field. While retaining current subscribers obviously is important, getting new subscribers is key to the growth model. Based on this week’s events, it appears the VC investors, not to mention public investors, may never see the payoff.Ĭarbonite’s business model, as many small IPO’s, depends on the company growing rapidly in terms of revenue and in Carbonite’s case, subscribers. Even so, the underwriters still needed Carbonite’s venture capitalists-including Menlo Ventures, Crosslink Capital and Institutional Venture Partners-to buy another 44% of the for-sale shares.Ĭarbonite remains essentially a venture capital investment which never quite cashed out.
If you are good with personal finance and are looking to invest, you will find the Carbonite on NASDAQ stock exchange.The IPO was saved, a person familiar with the matter says, thanks to a large mutual fund agreeing to buy nearly a quarter of the shares for sale at a 40% discount to the original target price. Always read up on optimal investment strategies if you are new to investing. Trading in bear markets is always harder so you might want to avoid these stocks if you are not a veteran. Since this share has a negative outlook we recommend looking for other projects instead to build a portfolio. Our Ai stock analyst implies that there will be a negative trend in the future and the CARB shares are not a good investment for making money. Currently there seems to be a trend where stocks in the Other Technology Services sector(s) are not very popular in this period.
According to present data Carbonite's CARB shares and potentially its market environment have been in bearish cycle last 12 months (if exists). Recommendations: Buy or sell Carbonite stock? Wall Street Stock Market & Finance report, prediction for the future: You'll find the Carbonite share forecasts, stock quote and buy / sell signals below. Real Estate and Housing Market Forecast.
0 kommentar(er)
