M&A
confidence high
sentiment neutral
materiality 0.70
Digerati files audited financials for acquired Next Level; FY2021 rev $11.6M, net loss $472K
Digerati Technologies, Inc.
- Total consideration for Next Level acquisition approximately $20M ($14M cash, $2.5M note, $3.5M stock).
- Next Level's FY2021 revenue $11.57M (up 15% YoY from $10.08M).
- Net loss improved to $472K from $1.23M; accumulated deficit $4.77M.
- As of July 31, 2021, cash $735K, working capital deficit $6.48M, positive operating cash flow $555K.
- Next Level provides UCaaS and managed connectivity to ~1,000 customers.