Emerging Markets Report: Thirty Four Million Reasons
An Emerging Markets News Commentary
ORLANDO, Fla., Feb. 11, 2020 (GLOBE NEWSWIRE) — For over a decade we have been publishing editorials about companies entrenched in bold new industries…bit coin, cannabis, dot com, biotech… really every next-big-thing that arrived in the market. The idea, then and now, was to identify a company that could seize the opportunity in these new markets and to share the story with our readers.
But what does that really mean… seize the opportunity?
Simply put, to us it means revenue. Frankly, for most emergent companies revenue is the single most important metric. It can prove a business model, deter toxic financing, keep talented executives on board, and help with expansion.
So when we see a press release from Weyland Tech, Inc. (OTCQX: WEYL) that the Company expects to report record revenue for 2019 of approximately $34.6 million, increasing 53% over 2018 it turns our head in a big way. With nearly 40 years of small and microcap experience in our offices we have never seen a Company post news like that. Adding to the fire, the company ended the year at an estimated $48.6 million annualized run-rate.
So how did they get there?
Well, Weyland Tech is a developer and global provider of mobile business software applications. The company operates its CreateApp™ platform-as-a-service (PaaS) across three continents and 10 countries, including some of the fastest-growing emerging markets in Southeast Asia. The platform provides a mobile presence for small-and-medium sized businesses (SMBs) that is supported locally by distributor partnerships.
We interviewed Weyland CEO, Brent Suen, and the story isn’t complicated. They are just crushing it in Asian markets with elegant software that allows small and medium sized businesses to go mobile. In parts of the world where many transactions are conducted via mobile (phones) this is a big, big deal.
The software is offered in 14 languages with more than 70 integrated modules. Weyland’s CreateApp enables SMBs to create and deploy native mobile applications for Apple iOS and Google Android without technical knowledge or background. The technology empowers SMBs to increase sales, reach more customers, manage logistics, and promote their products and services in an easy, affordable and highly efficient way.
It is worth noting that these are preliminary unaudited results prior to the actual audited earning report. But it is also worth noting that the period being projected is already in the books if not yet published via the company’s 10-K annual report.
For more information, visit weyland-tech.com.
About Weyland Tech:
Weyland Tech Inc. is a developer and global provider of mobile business software applications. It operates its platform-as-a-service (PaaS) software platform across three continents and 10 countries, including some of the fastest-growing emerging markets in Southeast Asia. The platform provides a mobile presence for small-and-medium sized businesses (SMBs) that is supported locally by distributor partnerships. Offered in 14 languages with more than 70 integrated modules, Weyland enables SMBs to create and deploy native mobile applications for Apple iOS and Google Android without technical knowledge or background. The technology empowers SMBs to increase sales, reach more customers, manage logistics, and promote their products and services in an easy, affordable and highly efficient way.
About The Emerging Markets Report:
The Emerging Markets Report is owned and operated by Emerging Markets Consulting (EMC), a syndicate of investor relations consultants representing years of experience. Our network consists of stock brokers, investment bankers, fund managers, and institutions that actively seek opportunities in the micro and small-cap equity markets.
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