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Over the course of 2022, Tinybeans conducted three research waves revealing a shift in parental attitudes post-pandemic. Coined "Parenting with Purpose," a significant 91% of parents prioritize family time, and 84% believe spending on family activities is essential. Monthly allocations for family fun average $385, while families plan to spend at least $4,860 on vacations over the next year despite rising travel costs. CEO Eddie Geller emphasized Tinybeans' commitment to supporting parents through this evolving landscape by leveraging insights from their research.
Tinybeans Group Limited (ASX: TNY, OTCQB: TNYYF) reported record preliminary results for fiscal year 2022, with revenue reaching US$10.9 million, a 34% increase year-over-year. Advertising revenue hit US$9 million, up 31%, while subscription revenue soared 77% to US$1.5 million. The company expanded its advertising partnerships and successfully transitioned to a unified brand. Despite a 40% increase in losses to US$4.5 million, Tinybeans aims for cash flow positivity by reducing costs. The year-end audit is pending, with results expected in September 2022.
Tinybeans Group Limited (OTCQB: TNYYF) reported a strong Q4-FY22, with revenue reaching a record US$2.6M, a 5% increase year-over-year. Advertising revenue was US$2.06M, down 7% due to brand campaign delays amid economic challenges, while subscription revenue soared 111% to US$480K. The company achieved a record annual revenue of US$10.9M, up 34% from the previous year. Monthly Active Users grew to 2.94M, and Tinybeans aims for cash flow positivity without further equity raises. The company focuses on growing subscription revenues and improving advertising strategies for FY23.
Tinybeans Group Limited (OTCQB: TNYYF) reported its Q3-FY22 results, showing overall revenue of US$1.85M, marking a 40% increase year-over-year. Advertising revenue reached US$1.31M (up 37%), while subscription revenue soared to US$460K (up 110%) with 48K paying subscribers. Monthly Active Users (MAU) fell to 2.6M, down from 4.2M a year prior. The company plans to become cash flow positive and has paused its Nasdaq uplist plans, which will be delayed as it focuses on strengthening its financial foundation.
Tinybeans Group Limited (OTCQB: TNYYF) reported record Q2-FY22 revenues of US$3.65M, marking a 59% year-over-year increase. Advertising revenue reached US$3.13M (up 64% YoY), while subscription revenue hit US$361K (up 70% YoY), with active subscribers increasing to 46,000. The company launched a new website and app, enhancing user experience. Despite these gains, total active users decreased to 3.5M in Q2. Tinybeans aims for a balanced revenue mix and anticipates continued growth in Q3.
Tinybeans Group Limited (ASX: TNY) (OTCQB: TNYYF) reports that Q2-FY22 is set for record performance, with projected revenues exceeding US$3.5M, a 53% year-over-year increase. Advertising revenue is forecasted to reach over US$3M, up 57% from Q2-FY21, aided by a new brand strategy and increased campaign sizes. Monthly recurring revenues from subscriptions are on track to double, surpassing US$140k. The company has over 42,000 paid subscribers and an exceptional conversion rate of over 80%. Tinybeans aims to enhance its platform for parents and is optimistic about growth in 2022.
Tinybeans Group Limited (OTCQX: TNYYF) reported a strong performance for Q1-FY22, achieving a record revenue of US$2.54M, up 42% year-over-year. Advertising revenue surged 49% to US$2.26M, while subscription revenue rose 13% to US$225K. The company invested over US$1M in product growth initiatives and reported a 9% increase in Monthly Active Users to 4.4 million. The launch of the new paid subscription, Beanstalk, showed promising results with a 14% conversion rate from downloads to paid subscribers.
Tinybeans Group Limited (OTCQX: TNYYF) has rebranded Red Tricycle as Tinybeans, consolidating its position in the parenting tech space. This relaunch aims to enhance the user experience by offering a hyper-personalized platform that prioritizes data privacy. CEO Eddie Geller highlighted the need for authentic parenting advice tailored to individual family needs. The new Tinybeans will feature customization options, a video social community, and an updated editorial platform. The company currently reaches 28 million users globally and has seen a 45% year-over-year increase in website traffic.
Tinybeans Group Limited (OTCQX: TNYYF) has announced its participation in two upcoming investor conferences: the 2021 Gateway Conference on September 8-9, 2021, and the MicroCap Leadership Summit on September 23-24, 2021. CEO Eddie Geller will present virtually at both events, providing opportunities for one-on-one meetings with investors. The Gateway Conference aims to connect compelling companies with top investors, while the MicroCap Leadership Summit focuses on microcap investment opportunities. Tinybeans serves a global user base and has received numerous accolades for its app.
Tinybeans Group Limited (OTCQX:TNYYF) has announced its entry into the rapidly expanding Pet Care industry, responding to high demand from families. This move increases the company's total addressable market to US$200 billion. Following successful beta testing, the new pet family features will launch in early May, enhancing user engagement. Tinybeans has secured a US$500k+ agreement with Hill's Pet Nutrition, expecting to recognize revenues primarily in fiscal Q4 2021 and fiscal Q1 2022. CEO Eddie Geller emphasized the platform's aim to cater to both existing and new users.
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