MiMedia ($MIM) | Cashing In On Consumer Cloud

MiMedia (TSXV:MIM) has developed a unique cloud platform for securely and seamlessly storing and managing digital content like photos and videos across all user devices.

The company generates high margin recurring revenue through storage subscriptions, mobile advertising, and value-added services, and has signed contracts for their platform to be integrated onto 35 million+ smartphones and tablets over the next two years, resulting in potential gross revenues exceeding $200 million and cash flow margins greater than 80%.

MiMedia partners with large telecommunications companies (“telcos”) and smartphone manufacturers (“OEMs”).

MiMedia’s platform enables large telecommunications companies and smartphone manufacturers to unlock more value from their existing customers, devices, and networks. MiMedia earns up to 50% of the revenue generated from this value unlock.

Capital Snapshot:

MiMedia’s shares are traded on the TSX Venture Exchange (TSXV) under the symbol ‘MIM’, in the United States under the symbol ‘MIMDF’, and on the Frankfurt Exchange under the symbol ‘KH3’.

MiMedia has a current market capitalization of approximately $25 million (CAD).

Company Highlights:

• Innovative Cloud Platform: MiMedia provides a user-friendly, secure cloud platform for managing digital personal content, such as photos and videos, and making them accessible across all devices.
  

• Extensive Intellectual Property: Holds 16 patents and has invested over $50 million in research and development, ensuring cutting-edge technology and underlying competitive advantage.
  

• Strategic Partnerships: Partners with major OEMs and telcos, integrating their platform as the default media solution on millions of devices. MiMedia has partnered with several major telecommunications and mobile device making companies, including:
  

  • America Movil: Largest telecommunications company in Latin America.

  • Telcel: Largest mobile operator in Mexico and a subsidiary of America Movil.

  • Orbic: Leading smartphone device maker globally.

  • Schok: Leading smartphone maker in the US.
    

• High-Margin, Recurring Revenue: Generates recurring revenue through storage subscriptions, mobile advertising, and value-added services, with projected 80%+ margins.
  

• Global Market Expansion: Targets emerging markets, including Latin America, Southeast Asia, and Africa, offering significant growth potential, as well as Tier 1 markets such as the US.
  

• Capital Light Model: MiMedia does not take on any inventory costs or risks, as they are purpose built as a software based technology provider for smartphones.

Overview: Traction And Growth

• MiMedia is contracted to roll out on 35 million devices.

• Assuming $4 of revenue per phone on Latin America devices, ~$12 of revenue per phone on US devices, and a 50% revenue split, MiMedia stands to earn approximately $100 million USD.

• 85%+ EBITDA margin, which stands to improve with scaling device rollout.

Overview: Leadership

Chris Giordano, Chief Executive Officer

• 23 years of experience in successfully funding, growing, and exiting tech, media, and telecom companies, particularly in the cloud industry.

• Former Director at Baker Capital, a private equity firm where he invested over US$500 million and helped lead multiple exits exceeding US$1 billion.

• Former Assistant Vice President at Merrill Lynch, where he covered Internet Infrastructure in Equity Research and Telecom in Investment Banking.

Overview: Disrupting The Consumer Cloud

MiMedia is aiming to disrupt the way digital content is stored on devices in emerging markets like Latin America, Southeast Asia, and Africa. These regions have rapidly growing smartphone adoption but lack robust cloud capabilities due to the fact that many devices don’t have seamless cloud storage already built into the operating system.

MiMedia's platform, integrated as the default media gallery solution through partnerships with major OEMs and telcos, offers high-margin, recurring revenue from subscriptions, mobile advertising, and value-added services. With 16 patents and over $50 million invested in research and development, MiMedia's innovative and secure cloud solution is uniquely positioned to capture market share from established players like Google and Apple in these emerging geographical markets.

For company specific questions, request an introduction to connect with MiMedia leadership.