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ATOMOS Down More Than 10% Despite Positive Results Yesterday

Stuart Lucy

Stuart Lucy is an Investment Specialist at the Australian Stock Report, and has gained exposure to funds management and investment banking throughout his career. He draws on this experience to provide macroeconomic commentary and actionable investment insights to clients. Stuart is responsible for writing reports, is involved in delivering Macrovue webinars and provides general advice to our members on portfolio construction. Stuart currently holds RG146 General and Securities qualifications.

Atomos (ASX: AMS) continued its deep selloff today, following heavy index selling on the back of coronavirus fears. It is likely some investors were simply taking profits however, after a strong rally yesterday on the back of well received half-yearly results. The results showed robust demand for the Ninja V and Shinobi, a powerful monitor that records in 4k resolution. The supply of their core product range has not been affected by the coronavirus, as the company invested in sufficient stock prior to the virus delaying the products. Delays did however affect production of the Neon, but investors were appeased by the fact that the company still met guidance despite challenging circumstances.




Atomos recorded a $32.6m of revenue growth for 1H20, up 35% compared to last year's 1H19. Additionally, the company recorded an increase in gross profit of $13.9m ($10.5m in 1H19), alongside a 35% rise in EBITDA to $1m ($0.7m in 1H19). The overall results show that their focus on social media and concentration in both US and Asian markets has paid off for the business, in spite of the US-China trade war affecting 1H20 numbers.

Although Atomos is currently selling off heavily due to the recent Coronavirus epidemic, its core business remains strong. Atomos continues to invest heavily in marketing and R&D (up 42%) which allows them to be a leading player in the video content creation market. They have a strategic partnership with Apple and Adobe, in addition to several camera makers, with notable examples including Sony, Canon, Panasonic, RED, and JVC Kenwood.

Atmos is an Australian global video technology company that enhances video content creation with products that connect the imaging and computer world together. They have patented the TCS technology, which allows content creators to wireless lock/synchronize multiple video and audio sources together at the point of shooting. This enables faster and more accurate professional creative finishing. All their products currently run TCS technology, which is an advantage in the competitive market of video recording.



This article has been prepared by the Australian Stock Report Pty Ltd (AFSL: 301 682. ABN: 94 106 863 978)

(“ASR”). ASR is part of Amalgamated Australian Investment Group Limited (AAIG) (ABN: 81 140 208 288 Level 13, 130 Pitt Street, Sydney NSW 2000).

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ASR has no position in any of the stocks mentioned.

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