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TIGR Undervalued and crushing performance both at home and internationally. by classicmemes

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· @classicmemes ·
TIGR Undervalued and crushing performance both at home and internationally.
Currently sat at $14.47 I believe $TIGR is one of the most undervalued stonks around and is only being held down due to uncertainty in Chinese companies.

The earnings report recently contributed the following information. 

Operating and financial metrics saw a huge boost due to retention and expansion of clients. Total revenue increased by 2.4 x to 47.2m

Non-GAAP net income was $10.3 million in the fourth quarter, nearly 30 times the non-GAAP net income in the same quarter last year. 

Tigr added 44,000 new funded accounts this quarter nearly quadruple the number from the same period last year. 

Total funded accounts reached 259,000 by the end of 2020 more than double that of 2019. Growth in client assets was outstanding.

Total account balance reached $16 billion more than triple that of the fourth quarter of 2019 and 46.2% higher than the third quarter of 2020. 

Overall, for 2020, total revenue was $138 million more than double versus 2019. 

TIGR were profitable for the first time on a yearly basis.
 
Non-GAAP net income was $22.3 million in 2020, a big improvement from a non-GAAP loss of $1.8 million in 2019.

International clients represented 40% of newly funded accounts. TIGR expect that in 2021 to add more than 350,000 funded accounts. International clients will comprise more than 50% of the new funded accounts. 

The growth and adoption of TIGR's ESOP system accelerated as they added 35 clients in the fourth quarter for a cumulative total of 124 clients. 

It is expected their ESOP system will maintain its leading position and foresee further increases in market share

In July of 2019 TIGR  acquired Marsco, a U.S. broker dealer with over 30 years of self clearing experience. They also acquired their clearing licenses. 

The investment to transition to self-clearing remains a key milestone in the firm's development.

They now have the technological and operational prowess to control every aspect of the brokerage system from the front end to the back end.

The percentage of clients having their U.S. cash equities trades, self-cleared by Marsco, continued to increase and at the end of the fourth quarter reached over 20%.

In addition, Marsco is conducting clearing for all new clients on-boarding in the U.S. 

In February 2021, TIGR in total issued $65 million of convertible bonds. 

This capital will accelerate  international expansion, as well as support further investments in  research and development 

Total revenues were $47.2 million this quarter, increased 137% from the same quarter of last year. The increase was due to bigger user base 

Within the total revenue, commission increased 245% from last year to reach $25.2 million. Interest-related income, which combines financial service fee and interest income, was $13.3 million, an increase of 53% from last year.

Other revenue, mostly revenue from investment banking business, increased 118% from last year to $8.7 million.

Interest expense increased to $4.3 million from $1.5 million last year as we have more consolidated account customers. Net revenue after interest expense was $43 million, an increase of 135% from the same quarter last year. 

Non-GAAP net income, which excludes share-based compensation, was $10.3 million this quarter, 30 times the non-GAAP net income in the same quarter of last year. 

TLDR: TIGR crushed earnings crushed growth looks set to do it again next year and is seriously undervalued and even took a lovely dip down to 14.50 last week based on uncertainty in the market over Chinese companies listed on the NYSE.

I believe his company today should be worth between 22-24 and could easily grow to the 50's based on its international potential and expected future growth

Edit: I'm having some issues where I cant see some comment at all despite being notified of them and the comment  count ticking up so apologies if I dont respond to you.
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