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Just how big can CV Check get?

Updated: Jun 15, 2020


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Courtesy CV Check website

CV Check (ASX:CV1) runs a software service, targeting employers, industry associations and individuals via proprietary online platform CVCheck.


CVCheck says it allows users to order online, multiple checks covering police and traffic, employment and qualifications, finance and credit and has more than 1000 verification checks across 190 countries.


It recently announced it had cash receipts of $3.1 million in Q3 FY19, $2.1 million (17% growth on pcp) from B2B customers and is cash positive by $0.2 million on combined operating and investing activities - over 150% improvement on pcp.


It's share price has had a good run since the start of the year, beginning at five cents, and at the time of writing is 13 cents. But can it continue to grow and if so, how, why and where?


In this interview with CEO of CV Check Rod Sherwood, discusses:


  • Why CV Check changed strategy from consumer oriented to B2B revenue.

  • How their new strategy has grown the business in last two years.

  • Why their experience in New Zealand, may hold the key to rolling out into larger overseas markets.



We do not recommend or advise to buy or sell shares in CV Check. The InsideMarket Private Fund does not own shares in CV Check at this time, nor have we have received any payment from the company for this coverage. Disruptive technology stocks should be considered very speculative, high-risk, and very volatile. There are significant risks inherent in developing new technologies that are not discussed here. You should always seek professional advice before considering any share purchase or sale. Please read our full disclaimer.

 
 
 

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