TIGR  Tigerlogic Corporation

Exchange

NASDAQ

Sector

Technology

Industry

Computer Software: Prepackaged Software

Market Cap.

642420.00

Vuru Grade

62.00/100

Current Price

$0.02
+0.00000 (+0.00000%)

Company Metrics

  • P/E 23.49
  • P/S 0.09905
  • P/B 0.1048
  • EPS -0.195
  • Cash ROIC 335.89%
  • Cash Ratio 2.75
  • Dividend 0 / 0%
  • Avg. Vol. 17,781.00
  • Shares 30.96M
  • Market Cap. 642420.00

Company Description

TigerLogic Corporation engages in the design, development, sale, and support of software infrastructure, Internet search enhancement tools, and a social media content aggregation platform in North America, the United Kingdom, France, and Germany. The company offers Yolink, a search enhancement technology; and TigerLogic XDMS, an enterprise native XML database management server with data and docume... more


Download 10 Years of Financial Statements:
Income Statement   Balance Sheet   Cash Flow

News

TigerLogic Corporation Announces Initial Liquidating Distribution
PR Newswire (press release) - Oct 21, 2016
PORTLAND, Ore., Oct. 21, 2016 /PRNewswire/ -- TigerLogic Corporation (OTCQX: TIGR) today announced that its Board of Directors has approved an initial liquidating distribution of $0.09 per share of TigerLogic's common stock.
TigerLogic Corporation Announces Sale of Omnis Business
PR Newswire (press release) - Oct 18, 2016
PORTLAND, Ore., Oct. 18, 2016 /PRNewswire/ -- TigerLogic Corporation (the "Company") (OTC: TIGR) today announced the sale of its Omnis business to OLS Holdings Limited ("OLS Holdings"), a company newly formed by a consortium of long-time Omnis ...
Monster Media Announces Settlement In Its Patent Infringement Dispute With ...
PR Newswire (press release) - Jan 26, 2016
ORLANDO, Fla. and PORTLAND, Ore., Jan. 26, 2016 /PRNewswire/ -- Monster Patents, a subsidiary of Monster Media LLC, and TigerLogic Corp have reached a settlement in the patent infringement action filed by Monster on 2nd July, 2015 in the United ...
TigerLogic Corporation Launches Postano Command Center
Sports Agent Blog (registration) (blog) - Feb 4, 2015
On February 3, TigerLogic Corporation, a leading provider of solutions that help companies amplify fan engagement by unlocking the power of social data launched the Postano Command Center.
TigerLogic Launches Innovative Postano® Command Center Platform - PR Newswire (press release)
TigerLogic Corp. (TIGR) Getting Positive Press Coverage, Report Finds
Transcript Daily - May 22, 2017
TigerLogic Corp. logo News coverage about TigerLogic Corp. (NASDAQ:TIGR) has been trending positive this week, Alpha One reports.
Portland mobile developer Storycode sold to TigerLogic for $7.25 million
OregonLive.com - Dec 28, 2012
Portland mobile software firm Storycode said this morning that it has sold its business to a Southern California company for $7.25 million, mostly in stock.
VC-backed Sprinklr buys Postano from TigerLogic
Thomson Reuters' peHUB (press release) - Feb 19, 2016
Sprinklr Inc, a company that helps marketers track what consumers say about them on digital platforms, bought Postano, a social visualization platform from TigerLogic Corp. Terms of the deal were not disclosed. In March, Sprinklr raised a $46 million ...
Postano sells for $2.4M, parent company to dissolve - Portland Business Journal (blog)
TigerLogic Announces Appointment of Roger Rowe as CFO
PR Newswire (press release) - Jan 12, 2015
PORTLAND, Ore., Jan. 12, 2015 /PRNewswire/ -- TigerLogic Corporation (Nasdaq: TIGR) today announced Roger Rowe's appointment as the company's new Chief Financial Officer, effective immediately.
Have a Look at Technical Analysis of TigerLogic Corporation's (TIGR) and Value ...
WsNews 4investors - May 13, 2017
TigerLogic Corporation (TIGR) stock price distance from twenty day simple moving average slumped at -0.05% while its distance from fifty day simple moving average declined -0.05% along with -0.05% below distance from two hundred simple moving ...
TigerLogic's Postano® Platform and FISH Technologies Announce First-of-its ...
PR Newswire (press release) - Nov 4, 2014
LAS VEGAS, Nov. 4, 2014 /PRNewswire/ -- Today at EventTech, TigerLogic Corporation (Nasdaq: TIGR) announced an exclusive partnership between its flagship product Postano, a leading social visualization platform for events, sports, fashion and retail, ...
Growth Rate Assumed by Market

We did a reverse valuation to calculate the growth rate the market is assuming for TIGR to be considered fairly valued at its current market price. It's useful to compare this to the growth rate we're assuming for the Growth Price.

Future Free Cash Flow Growth Rate

This is the annual growth rate we've applied to calculate TIGR's Free Cash Flow for the next 10 years. To calculate it, we looked at several time periods of the last 10 years. Feel free to adjust it, but we limit the initial growth rate to 20% and slow it down over the years. Otherwise, long-term sustainability issues come into play.

Discount Rate

The discount rate is the annual rate of return an investor requires to take the risk of investing in a single stock. To account for that risk, this should be above 8-10%, as this is the avg. annual rate of return for the S&P500 over the past 100 years.

$0.02 Current Price

$-1.85 Growth Price (DCF)

Why is this negative?


Show Free Cash Flow numbers

$0.26 NCA Price

Undervalued by 1,172.69%

$0.86 Book Price

Undervalued by 4,057.28%


Varying Cash Return on Invested Capital over the past 5 years

TIGR has efficiently invested its financial resources in buildings, projects, and equipment, resulting in strong returns. However, there is a substantial variation in their Cash ROIC from year-to-year. This company may have unreliable free cash flow or operates in a business where invested capital costs increase substantially on a sporadic basis. Look at reasons for this inconsistency to determine the likelihood of future sustainability.

TIGR has created $335.89 of cash for every $100 invested.
Figures in USD. Fiscal year ends in March
20112012201320142015
Free Cash Flow -1.70M -2.50M -1.98M -7.75M -10.37M
divided by
Invested Capital 22.51M 22.85M 28.66M 19.30M -594,000.00
Cash ROIC -7.53% -10.93% -6.89% -40.14% 1,744.95%

Very Poor Return on Equity over the past 5 years

TIGR has shown an inability to deliver results for shareholders. This could be due to poor management, TIGR operating in a highly competitive industry, or having a weak business in general.

TIGR has generated a $69.50 loss for every $100 of Shareholders' Equity.
Figures in USD. Fiscal year ends in March
20112012201320142015
Net Income -2.98M -3.55M -2.94M -7.26M -28.66M
divided by
Stockholders' Equity 33.87M 31.76M 34.99M 37.78M 9.56M
Return on Equity -8.80% -11.17% -8.41% -19.23% -299.92%

Poor Business Performance over the past 10 years

TIGR's inability to produce positive free cash flow for the majority of the past 10 years is concerning. It should be a red flag, since this company does not have a track record of delivering results for shareholders. This could be due to poor management or the nature of its business.

TIGR has been losing money for the majority of the past 10 years.
Figures in USD. Fiscal year ends in March
2006200720082009201020112012201320142015
Free Cash Flow -646,000.00 -367,000.00 1.68M -2.26M -1.75M -1.70M -2.50M -1.98M -7.75M -10.37M

Very Strong Balance Sheet

TIGR has more Cash than its Total Liabilities, resulting in $0.21 Net Cash per share. In other words, if you buy TIGR today, the price you're paying for shares is actually $-0.19 because $0.21 of Cash is included in the current share price. This much Cash is very healthy. It can help TIGR sustain itself in the face of any economic turmoil and makes a stock buyback more of a possibility.
Figures in USD. Fiscal year ends in March
2006200720082009201020112012201320142015
Cash 10.79M 11.65M 14.07M 12.28M 12.49M 11.35M 8.92M 6.47M 18.60M 10.25M
Current Assets 13.16M 13.72M 16.35M 13.55M 13.86M 12.53M 10.44M 8.01M 22.29M 12.00M
Total Assets 41.16M 41.54M 44.39M 41.33M 41.50M 40.04M 37.81M 41.15M 41.74M 13.38M
Current Liabilities 8.17M 7.47M 8.34M 6.78M 6.19M 6.17M 6.05M 6.02M 3.84M 3.73M
Total Liabilities 31.06M 31.62M 9.32M 6.78M 6.19M 6.17M 6.05M 6.16M 3.96M 3.83M
Stockholder' Equity 10.10M 9.92M 35.08M 34.55M 35.31M 33.87M 31.76M 34.99M 37.78M 9.56M
Current Ratio 1.61 1.84 1.96 2.00 2.24 2.03 1.73 1.33 5.80 3.22
TL-to-TA 0.75 0.76 0.21 0.16 0.15 0.15 0.16 0.15 0.09 0.29

Low or No Reinvestment of Profits over the past 10 years

TIGR has either been retaining a small amount of their earnings or has done so inconsistently. A lack of consistency could be due to TIGR operating at a loss or them having such a strong economic moat they feel comfortable spending profits on growth. Be wary of future prospects and if applicable, inspect the moat's sustainability.
Figures in USD. Fiscal year ends in March
2006200720082009201020112012201320142015
Retained Earnings -92.54M -95.20M -95.53M -100.67M -102.27M -105.25M -108.80M -111.74M -110.44M -139.10M
Retained Earnings Growth - -2.87% -0.35% -5.38% -1.59% -2.91% -3.37% -2.70% 1.16% -25.95%

Erratic Net Profit Margins over the past 10 years

TIGR has had highly erratic net profit margins which are a great cause for concern. This company may operate in a highly volatile industry, or it may just have poor performance. Look at reasons for this inconsistency to understand if there is any reason to look past it.
Figures in USD. Fiscal year ends in March
2006200720082009201020112012201320142015
Net Income -1.62M -2.96M -331,000.00 -5.14M -1.60M -2.98M -3.55M -2.94M -7.26M -28.66M
divided by
Revenue 20.29M 18.74M 19.77M 16.25M 13.94M 13.67M 13.35M 12.84M 5.49M 6.99M
Net Profit Margin -8.00% -15.78% -1.67% -31.63% -11.50% -21.79% -26.58% -22.91% -132.31% -409.84%

Strong Pricing Power over the past 10 years

TIGR has maintained substantial gross margins, suggesting that they have been able to set prices without consideration of the cost of goods sold. This potentially leaves flexibility in inflationary environments to raise prices on consumers and maintain profitability.

$85.62 of every $100 worth of sales have been Gross Profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in March
2006200720082009201020112012201320142015
Gross Profit 17.81M 16.53M 17.92M 14.57M 12.22M 11.94M 11.51M 11.14M 3.76M 5.84M
divided by
Revenue 20.29M 18.74M 19.77M 16.25M 13.94M 13.67M 13.35M 12.84M 5.49M 6.99M
Gross Margin 87.77% 88.18% 90.63% 89.66% 87.71% 87.34% 86.24% 86.72% 68.43% 83.51%

Low Capital Intensity over the past 10 years

TIGR has consistently used a small portion of their Net Income buying new equipment or investing in new facilities. This indicates that TIGR may require minimal investment to stay competitive. This leaves them with extra money to spend on growing their business and potentially buying back stock.

-% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
Figures in USD. Fiscal year ends in March
2006200720082009201020112012201320142015
Capital Expenditure 483,000.00 87,000.00 171,000.00 573,000.00 264,000.00 266,000.00 76,000.00 81,000.00 183,000.00 331,000.00
divided by
Net Income -1.62M -2.96M -331,000.00 -5.14M -1.60M -2.98M -3.55M -2.94M -7.26M -28.66M
Capital Expenditure Ratio -29.74% -2.94% -51.66% -11.15% -16.47% -8.93% -2.14% -2.75% -2.52% -1.15%

No Dividend History over the past 10 years

TIGR has never distributed dividends or has recently suspended their dividend distribution.
Figures in USD. Fiscal year ends in March
2006200720082009201020112012201320142015
Dividend Paid - - - - - - - - - -
divided by
Shares Outstanding 20.20M 20.99M 23.65M 26.60M 27.31M 28.01M 28.15M 28.55M 30.26M 30.69M
Dividend Paid Per Share - - - - - - - - - -
Price at Year End 3.89 5.20 1.95 3.12 4.60 2.06 1.98 1.83 0.43 0.17
Dividend Yield - - - - - - - - - -

No History of Stock Buybacks over the past 10 years

We're neutral on this. It's not necessarily good or bad that TIGR hasn't initiated a stock buyback.
Figures in USD. Fiscal year ends in March
2006200720082009201020112012201320142015
Shares Outstanding 20.20M 20.99M 23.65M 26.60M 27.31M 28.01M 28.15M 28.55M 30.26M 30.69M
Stock Bought Back - -3.73% -11.25% -11.10% -2.58% -2.50% -0.50% -1.41% -5.64% -1.42%
Share your thoughts about TIGR

Sign Up or Log In to start contributing!


Discussion

Nothing here yet. Be the first to post!