Friday, September 17, 2021
TAAL Distributed Information Technologies (TAALF)
Preliminary 3Q21 Revenue well In Excess of Estimate
Taal Distributed Information Technologies Inc delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the Bitcoin SV platform, and developing, operating, and managing distributed computing systems for enterprise users.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Preliminary 3Q21 Revenue. Yesterday, TAAL Distributed Information Technologies announced preliminary 3Q21 revenue guidance of $11.5 million to $12 million. The preliminary guidance represents an approximate 70% sequential increase from $6.7 million in 2Q21. The guidance is significantly above our projected 3Q21 revenue estimate of $8.0 million and exceeds our 4Q21 revenue projection of $11.0 million. We will update our model once the Company releases full 3Q21 operating results (which was in November last year).
Outperformance Drivers. The revenue increase was driven by strong transaction processing performance and capacity increases. More transactions and larger volumes benefited the quarter. Significantly, transaction fees exceeded block subsidy rewards on several blocks on the BSV network during August, validating the Company’s thesis of building the transaction processing and indexing infrastructure …
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
