Cliff’s
Notes: EDNT – “The Inventor’s Best
Friend”
The Situation
Edison Nation
has been building a highly unique platform and model over recent months and
years. And the company’s work is finally starting to show serious financial
growth and traction. All of this lines up extremely well around a key strategy
for an augmented launch early next year.
The company is
almost like a publicly traded venture capital firm: If you have a great idea,
they provide an easy-to-use platform to help take it from “raw idea” to “major
market success”, extracting their cut along the way.
In other words,
this is an ecommerce services play. EDNT shares have pulled back into a
possible sweet spot in terms of value/bargain investment in
high-growth-potential Nasdaq stocks: the pullback has happened despite a 36%
increase in revenue and a 61% jump in gross profitability. In fact, during the 1H
2019, EDNT saw significant top-line growth of 49.7%, to $11.7 million, driven
by continued IP success and scaling its consumer branding operations.
The root of all
of this growth is its process of sourcing the most innovative new product
ideas, mostly through its proprietary “Edison Nation Innovation Platform”,
which finds the most compelling new inventions and product ideas through proprietary
algorithms, and then harnesses a pre-built infrastructure of go-to-market
resources to get these products in front of consumers through a rapid process.
Blowing it Up
All that’s
needed now is a way to juice awareness of these tools and what the company has
put into place. Hence, the re-introduction of the company’s Emmy Award-winning
TV show (“Everyday Edisons”) early next year – along with an associated app –
will hold the potential to blow the roof off of this story.
The key points
of validation here are found in core products now succeeding in the market (such
as Ezy Dose Medi-Spout, "911 Help Now" pendant, Goodie Gusher party
product line, Lullaplayer, My Buddy Bernie, and Smarter Specs) and the
company’s numerous high-powered strategic partnerships, including Xspand, Target,
Walmart, Amazon, Rite Aid, Proctor and Gamble, and others.
Edison Nation
has received more than 100,000 idea submissions and has generated product sales
above $250 million at retail through the development and management of over 300
campaigns in their marketplace for clients.
Currently, the
Edison Nation platform has a community of more than 200,000 innovators that
confidentially submit ideas via the company's online platform.
From this
community, Edison Nation reviews and selects the most suitable projects for
development, determined by the intellectual property value as well as by the
practicality of the idea.
From this vast
community, Edison Nation generates revenue of between $25 - $100 per submission
that is used to cover program fees and cost related to review.
Edison Nation
also makes its open innovation platform available to its members, which enables
inventors from around the world to submit ideas for potential consumer
products.
Good Stuff is
Happening
·
Launched
exclusive new products for its theme park and entertainment customers,
including Disney Parks and Resorts and Universal Studios including; Avatar
Light Up Wood Sprite and Star Wars Baton and Shield Set for Disney Parks and
Resorts; A Monsters Inc. interactive flashlight for Tokyo Disney; and a Jimmy
Fallon microphone for Universal Resorts.
·
Licensed
Ezy Dose Medi-Spout pill assist cap to Apothecary Products, a global leader in
consumer wellness products. It is the second product licensed by Apothecary
Products from Edison Nation's innovator community in what is an enhanced effort
to license Edison community ideas to established brand partners.
·
Edison's
Innovation Platform sources product ideas from an organically grown community
of 200,000+. Coming First Quarter of 2020, a mobile application will serve to
facilitate further platform engagement.
·
Return of
Emmy award-winning TV show, "Everyday Edisons" with a February 11,
2020 premier - Thomas Edison's birthday - on a leading SVOD. This show is an
inspirational reality TV series produced under license by Edison Nation, which
chronicles the stories of first-time inventors as they launch their unique
products into the marketplace in conjunction with the Edison Nation Online
Innovation Platform. "Everyday Edisons" is produced by six-time Emmy
Award-winning producer Michael Cable.
·
Developed
the Edison Academy, inventor centric master classes, teaching the fundamentals
of product development and inventing. The Academy serves as a resource to
provide ongoing value to the organically grown Edison community of 200,000+,
while captivating prospective inventors previously disengaged from Edison
Nation. This initiative creates revenue opportunities in the form of recurring
monthly and annual subscription fees.
·
Expanded
their Online Innovation Platform with the "Edison's Design Challenge"
that will encourage members of the innovation community to contribute to the
design and innovation of products already in Edison Nation's product launch
pipeline.
·
Expanded
the Edison Online Innovation Platform with its Entrepreneur Partnership. The
Entrepreneur Partnership is an opportunity for brands to further leverage
Edison Nation's inventor community and proprietary range of services to launch
new products or scale additional product line.
Technical
Situation
Stock is trading
on a truly tiny float of 2.48M shares. 6% of that float is currently held short
(as of last month). That’s a powderkeg of upside potential in terms of the
supply/demand dynamic (shortage of shares) that could get traction on any sharp
rip fueled by fresh buzz in the market.
The stock is
also now trading above its 50-day MA for the first time in months, suggesting a
large time frame shift in direction of trend may have already taken place under
the surface. In line with that, we have seen a series of higher highs and a
higher lows – the definition of uptrend – since June. A break above the
$3/share level could be a major catalyst for upside momentum.
Suggestions/templates/ideas
for social media messaging:
·
This
stock is trading irrationally – the company is seeing clear success with huge
revenue growth. And it has complete control over a unique theme that’s right
out of the Silicon Valley playbook. If the second half of the year goes
anywhere near as good as the first, this has to be an opportunity.”
·
“The
company is actively doing deals with some of the biggest retailers on the
planet, and it has rock solid IP control. Could explode.”
·
“This is
all a warm-up to the big party scheduled for next Feb – if you don’t know, look
at the company’s releases. New show, new app, new giant marketing campaign.
It’s just simmering right now. But the stock should start to discount that big
push here very soon.”
·
“The
financial performance is all you need to know. The themes are good. But the Q
data is where the rubber meets the road. And the market is smoking crack. This
should be way higher just on the basis of rev growth.”
·
“EDNT is
a squeeze waiting to happen. The company has pretty well cemented the financial
growth story. Shares are trading above the major MA, … this is a party waiting
to happen on a float under 2.5M shares.”
EDNT PRESS RELEASED
-
Business Wire•4 days ago
Edison Nation, Inc., a multifaceted ecosystem which fosters innovation and drives IP, media and consumer products, today announced that management has been invited to present at LD Micro NYC Summit.
ACCESSWIRE•5 days ago
Company lineup is filling up fast with 50 good names in the microcap markets, as well as some great private and Pre-IPO companies AUSTIN, TX / ACCESSWIRE / September 19, 2019 / The MicroCap Rodeo's inaugural ...
Business Wire•13 days ago
Edison Nation, Inc., a multifaceted ecosystem which fosters innovation and drives IP, media and consumer products, today announced that they are joining Bahamas’ disaster relief efforts by partnering with Juiced2Go to donate emergency mobile phone batteries. Edison Nation is partnering with them to send 5,000 batteries to families in the Bahamas currently suffering from power outages. Edison Nation is also donating products from their Cloud B brand to “The Ranfurly Home for Children”, to offer a small token of joy to kids in the area during this time of crisis.
ACCESSWIRE•27 days ago
MIAMI BEACH, FL / ACCESSWIRE / August 28, 2019 / Inventors, say hello to your new best friend, Edison Nation (EDNT). After combining forces with Xspand Products Lab in 2018, Edison Nation has grown into one of the most trusted marketplaces for inventors around the world by creating a platform where inventors can confidentially share ideas and shift the burdensome development and monetization processes to the Edison Nation team. From the investor side, Edison Nation is trading below its most recent highs despite posting a 36% increase in revenue and a more than 61% rise in gross profit.
Business Wire•28 days ago
Partnership will seek to grow distribution to up to 3,000 More Retail Stores by Valentine’s Day 2020. Edison Nation, Inc. a full-service product development company, today announces joint venture with 4Keeps Roses, Inc. 4Keeps Roses, Inc. is a Los Angeles based company that specializes in preserved roses, flowers and associated gift products.
Business Wire•last month
Edison Nation, Inc. a full-service product development company, today announced that they will be entering the home and kitchen consumer product industry with their new brand Lily and Gray Living. Lily & Gray Living is a brand of essential home good products that are easy to use, and affordable. Lily and Gray Living products will be available on Amazon December 1st, 2019.
Simply Wall St.•last month
Even the best stock pickers will make plenty of bad investments. And there's no doubt that Edison Nation, Inc...
Business Wire•last month
Revenue and Gross Profit for the Second Quarter of 2019 Increased 36.0% and 61.8%, respectively; Driven by Successful Product Launches and Efficiencies Across Platform
News
Business Wire•3 months ago
Edison Nation, Inc. a full-service product development company, today announced that Apothecary Products, a global leader in consumer wellness, has licensed the Ezy Dose Medi-Spout, a pill assisting bottle cap that utilizes patented technology to ease the swallowing of medication and vitamins. The Ezy Dose Medi-Spout, invented by Robert Pontius, is a pill assisting bottle cap that helps make swallowing pills easier and less stressful. The inability for patients to swallow pills is a widespread issue, with a nationwide survey conducted by Harris Interactive finding that 40 percent of American adults have experienced difficulty swallowing pills, even though most have had no problems swallowing food or liquid.
News
Business Wire•3 months ago
Edison Nation, Inc. a full-service product development company, on June 17, 2019, entered into a Settlement and Release Agreement with FirstFire Global Opportunities Fund, LLC (“FirstFire”), whereby the Company and FirstFire agreed to terminate the financing agreements entered into earlier this year. The Company entered into a Securities Purchase Agreement, dated March 6, 2019, with FirstFire purchasing a 2% unsecured, senior convertible promissory note from the Company. The Company agreed to pay FirstFire $565,000 and issue 15,000 shares of restricted common stock in order to terminate the agreements and promissory note.
News
ACCESSWIRE•4 months ago
PHILLIPSBURG, NJ / ACCESSWIRE / May 30, 2019 / Edison Nation, Inc. a full-service product development company, has launched a new product line exclusively for its theme park and entertainment customers, which include Disney Parks and Resorts, as well as Universal Studios, among others.
News
ACCESSWIRE•4 months ago
PHILLIPSBURG, NJ / ACCESSWIRE / May 29, 2019 / Edison Nation, Inc., a full-service product development company, today announced that management has been invited to present at the 9th Annual LD Micro Invitational ...
News
ACCESSWIRE•4 months ago
PHILLIPSBURG, NJ / ACCESSWIRE / May 21, 2019 / Edison Nation, Inc., a full-service product development company, today announced plans to expand its 'Made in America' and socially responsible product offering across several new product lines. Pirasta, Edison Nation's 'Made in America' brand best known for its oversized coloring posters for both adults and children alike, will launch a new product line ahead of the 2019 holiday season called 'Color It. This new product line, which will be offered through various retail outlets including www.pirastanyc.com and Amazon, features six decal sheets, three 3-D cubed characters and stand-up theater backdrops.
News
ACCESSWIRE•4 months ago
Revenue for the First Quarter of 2019 Increased 67% to $5.7 Million; Driven by Successful Product Launches and Efficiencies Across Platform PHILLIPSBURG, NJ / ACCESSWIRE / May 16, 2019 / Edison Nation, ...
News
ACCESSWIRE•5 months ago
PHILLIPSBURG, NJ / ACCESSWIRE / May 9, 2019 / Edison Nation, Inc. (EDNT), a full-service product development and marketing company, has reported preliminary unaudited financial results for the first quarter end March 31, 2019. Edison Nation is expecting Q1 2019 revenues to increase by over 68% to $5.7 million, compared to Q1 2018 revenues of $3.4 million. The Company's 2019 anticipated financial results are preliminary and based on the most current information available and are subject to the completion of the financial statements.
News
ACCESSWIRE•5 months ago
Pro Forma Revenue for 2018, Inclusive of Acquisitions of Cloud B and Edison Nation LLC, was Approximately $21.0 Million PHILLIPSBURG, NJ / ACCESSWIRE / April 17, 2019 / Edison Nation, Inc. (NASDAQ: EDNT), ...
News
ACCESSWIRE•6 months ago
PHILLIPSBURG, NJ / ACCESSWIRE / March 29, 2019 / Edison Nation, Inc. (EDNT), a full-service product development firm, has announced new initiatives to escalate market presence to a wider audience of aspiring inventors to drive higher success potential for ideas to be commercialized. Edison Nation's online innovation platform has virtually connected innovators with companies to bring new products to market since 2007, partnering with over 140,000 innovators from around the world which have resulted in over $250 million in retail sales to-date.
News
ACCESSWIRE•6 months ago
PHILLIPSBURG, NJ / ACCESSWIRE / March 12, 2019 / Edison Nation Inc (NASDAQ: EDNT), a full-service product development company, has launched its "911 Help Now" Pendant in conjunction with a sales ...
News
GlobeNewswire•8 months ago
Edison Nation, Inc. a full-service product development company, today announces the expansion of the children’s party product line Goodie Gusher at North America’s Leading Party Goods Retailer. Goodie Gusher was developed under Edison Nation’s “Best Party Concepts Brand” and invented by long-time toy inventor, Steve Menow. The Goodie Gusher started as an innovative concept of a modern and safe pinata for children’s parties.
News
GlobeNewswire•9 months ago
The Lullaplayer will launch under Edison Nations’ brand, Cloud B, for the 2019 holiday season. Given the strong market for interactive toys that do not require extensive set-up or a constant connection to phones or Bluetooth, Cloud b is also introducing a new interactive plush toy, My Buddy Bernie. My Buddy Bernie is a voice activated, interactive playmate for kids that requires no set-up and works right out of the box.
News
Simply Wall St.•9 months ago
A look at the shareholders of Edison Nation, Inc. (NASDAQ:EDNT) can tell us which group is most powerful. Institutions often own shares in more established companies, while it's not unusual Read More...
News
GlobeNewswire•9 months ago
Edison Nation, Inc. a full-service product development company, has entered the multi-billion dollar eyewear market with Smarter Specs, the world’s first patented glasses with concave lenses. Smarter Specs were invented by Todd Huschka and submitted to Edison Nation through their proprietary innovation search engine, which helps independent innovators commercialize their ideas and inventions. Edison Nation is a true full-service product development platform that utilizes a capital-lite, high-reward process that accelerates product development timelines and significantly reduces research and development expenses.
News
GlobeNewswire•10 months ago
Edison Nation, Inc. a full-service product development company, today announced that it has entered into an agreement with a leading digital media services company to expand distribution of its Everyday Edisons TV series into key global markets. Everyday Edisons is an inspirational reality TV series produced under license by Edison Nation, which chronicles the stories of first-time inventors as they launch their unique products into the marketplace in conjunction with the Edison Nation product development platform. “I am pleased to announce that we entered into a distribution agreement to significantly expand the reach of our Everyday Edisons TV series,” said Chris Ferguson, CEO of Edison Nation.
News
GlobeNewswire•10 months ago
PHILLIPSBURG, N.J., Nov. 27, 2018 -- Edison Nation, Inc. (NASDAQ: EDNT) (the “Company” or “Edison Nation”), a full-service product development company, today announced that.
News
GlobeNewswire•10 months ago
Q3 2018 Revenues Increase 56% to $4.9 Million; Gross Profit Increases 26% to $1.3 Million PHILLIPSBURG, N.J., Nov. 15, 2018 -- Edison Nation, Inc. (the “Company” or “Edison.
News
GlobeNewswire•11 months ago
Edison Nation, Inc. (“Edison Nation”), a full-service product development company, has launched its first micro-brand crowdfunding campaign on Kickstarter, the MasterSous: The 8-in-1 Smart Cooker. Users can use the MasterSous mobile app to remotely adjust cook times and control the automatic stirring mechanisms that keeps food in constant motion for even cooking. “The MasterSous is an incredible product sourced from our proprietary innovation search engine, which to-date, has received 100,000 idea submissions, resulting in over $250 million in retail sales,” said Chris Ferguson, CEO of Edison Nation, Inc. “As a true full-service product development platform, creating value for both innovators and our shareholders alike, we are uniquely positioned to bring products to market at light-speed.
News
GlobeNewswire•11 months ago
