TINYBEANS Group Ltd. (TNY) Investment Highlights Tinybeans (TNY) is a photo journal app that allows parents to organize their children’s memories, milestones, and growth. TNY’s mission is to create happy memories for every family by providing a platform to track their child’s https://tinybeans.com growth and development, at the same time creating a safe and secure social platform where they can share their photos with friends and family. April 23, 2019 ■ Our Thesis: The leader in U.S. social media and social networking service Valuation Coverage company, Facebook, has never seen its clear leadership challenged, and its lead in profitability has been only widening over time. We believe an Interactive Media & Services marketplace with a family and parent focus will Equity Research share a similar path, with TNY enjoying unchallenged leadership and disproportionate scale benefits. ■Key Debates: Will Media & Services competition, in particular traditional Analyst: Quang Ho media companies, launching direct-to-parents services, hamper TNY’s user (518) 256-4267 growth? Will TNY’s business model ultimately prove attractive (pricing power, margins at ultimate scale)? S hould investors now conceive of TNY’s
[email protected] market universe as a privacy-enabled child memory sharing platform, a much safer base in coming years, rather than other platforms? Price (US$) ■ Catalysts: The predominant driver of TNY shares, in our experience, has 04/23/2019 been quarterly user growth. $0.48 Getting more engagement, extension and usage. Creating more value for Price Target * $1.81 parents so they could spend more time on the platform in order to boost the 52 week high $0.52 revenue streams; advertising, premium and printing services.