{"id":133527,"date":"2022-08-30T04:12:47","date_gmt":"2022-08-30T08:12:47","guid":{"rendered":"https:\/\/44.250.171.167\/?p=133527"},"modified":"2022-10-06T04:44:25","modified_gmt":"2022-10-06T08:44:25","slug":"brightcom-group-ltd-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/brightcom-group-ltd-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"Brightcom Group Ltd Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Brightcom Group Ltd Q1 FY23 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/DmcGGcuTrcA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from Brightcom Group Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/BCG\/\">BCG<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Vivek of RT Capital asked about an update on the LYCOS deal. Suresh Reddy CEO replied that BCG has a settlement agreement in place and there has been some delay due to BCG being busy with some things that are taking time. The company believes it should be able to close LYCOS deal in 2Q23.<\/li>\n<\/ul>\n<ul>\n<li>Vivek of RT Capital also asked about 44 Ventures and BCG\u2019s association with 44 Ventures. Suresh Reddy CEO answered that it\u2019s an arrangement to give them opportunity to do other things outside of BCG which is not conflicting.<\/li>\n<\/ul>\n<ul>\n<li>Mayur Manzi enquired about status of consolidation of foreign subsidiaries. Suresh Reddy CEO said it\u2019s on the cards and there\u2019s lot going on. It took a backseat for the past two quarters. Now, BCG will come back to it with a few ideas that can be used for how additional funds can be generated for the company for consolidation.<\/li>\n<\/ul>\n<ul>\n<li>Mayur Manzi asked about plans the company has with LYCOS coming back. Suresh Reddy CEO answered that firstly, there is a legal liability that should be settled. Once it comes back, BCG has to see what\u2019s the best way to utilize the brand and awareness of the brand to take it forward given the current context.<\/li>\n<\/ul>\n<ul>\n<li>Vijay asked about the goals on the inorganic growth, funding plans and timelines. Suresh Reddy CEO answered that the company has internal funds and try to minimize dilution. BCG will also try to have a combination of earn outs and if required BCG may do a small equity to keep the new team growing.<\/li>\n<\/ul>\n<ul>\n<li>Vijay also asked if there is any plan to increase dividend payout going forward. Suresh Reddy CEO said it has to see how the year plays out and the company will evaluate the status and decide on the dividends. Currently, the company is not looking at increasing any further dividend in 2Q23 and 3Q23.<\/li>\n<\/ul>\n<ul>\n<li>Kirtan Desai enquired about the update on the MediaMint deal and its impact on BCG. Suresh Reddy CEO replied that BCG is trying to see the most efficient way to keep that deal together to help the business and minimize cost.<\/li>\n<\/ul>\n<ul>\n<li>Kirtan Desai also asked about the revenue breakup region wise and demand trend in US and Europe. Suresh Reddy CEO said that 35-40% comes from the US and then South American region and Europe is about 17-20% and then rest of the world comes after that.<\/li>\n<\/ul>\n<ul>\n<li>Jigar Shah asked about the reason for delay in appointing the company secretary. Suresh Reddy CEO replied that there was a possibility of getting the old company secretary back, which is why there was a little delay. For now, there\u2019s a compliance team headed by Mr. Raju and then support team. BCG will very soon announce the company secretary name.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Brightcom Group Ltd (BCG) Q1 FY23 Earnings Concall Q&amp;A Highlights: Vivek of RT Capital asked about an update on the LYCOS deal. Suresh Reddy CEO replied that BCG has a settlement agreement in place and there has been some delay due to BCG being busy with some things that are taking time. [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Brightcom Group Ltd Q1 FY23 Earnings Conference Call Insights #BCG #Q1 #FY23 #Earnings","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392],"tags":[8600],"class_list":["post-133527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","tag-marketing"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":133590,"url":"https:\/\/alphastreet.com\/india\/mitsu-chem-plast-ltd-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":133527,"position":0},"title":"Mitsu Chem Plast Ltd Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 30, 2022","format":false,"excerpt":"https:\/\/youtu.be\/277j_x20WTY Key highlights from Mitsu Chem Plast Ltd (MITSU) Q1 FY23 Earnings Concall Q&A Highlights: Nairit Gala of TSG Capital asked about the number of clients added in 1Q23 vs. 4Q22. 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