1-Page (ASX: 1PG) is a company that develops and markets software products for HR departments to support them in sourcing and qualifying job candidates, as well as in engaging their current workforce. 1-Page Limited (ASX:1PG) is the first Silicon Valley company to list on the ASX.
Joanna Weidenmiller, CEO of 1-page, had severe dyslexia and no athletic ability as a child. She became a nationally ranked rower with a 4.0 GPA at the University of Virginia. 1-page was founded by the Joanna Weidenmiller and her father, Patrick G. Riley, in the Silicon Valley (San-Francisco, USA).
Recent Barron’s article took a shot at 1-page’s recent ascent to the clouds stating: “1-Page shares soared about 1,400% in the year following its October 2014 initial offering.”
“Half a billion or a billion is still a small valuation, to be sure. Yet even those levels are awfully high for an outfit that rang up sales of less than AUD160,000 in the six months ended July of this year, according to its filings with Australian regulators. But to investors who might worry that 1,500-times annualized sales is a high price for an unprofitable venture, Northwood responds in his report that 1-Page revenues will approach AUD190 million within a couple of years.”
Interesting unicorn, I mean flying unicorn in this case.
Disclosure: I do not have shares in any of the companies mentioned in this article and don’t plan to initiate purchase within the next 24 hours. I would not receive any compensation for doing this article. I am not a professional financial analyst. This is just a hobby. Lastly, my work is not error-free, but I strive for it to be. Do not consider as a buy or sell advice. Invest at your own risk.
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