Massive result for Statsport and a dagger in the heart for CAT as this is the market they are chasing (sub elite, soccer). This is the sort of groundbreaking/game changing announcement that CAT require to improve sentiment and get the sort of revenue growth that we are all hoping for.
Be very interesting to see the new product release in the next few months...they've taken nearly two years since acquiring Playertek to have it ready to take to the market and have a clear understanding of the product the Statsports have on offer. Given those circumstances I would be EXTREMELY DISAPPOINTED if our product isn't vastly superior to the one Statsports offer. Add on the size, scope and cash spent on R & D comparably to SS then CAT simply must produce a better prosumer product.
CAT's growth over the past 12 months has come from APAC & EMEA...they need to be targeting similar type deals in these areas while improving their work on the ground in the US. This market is huge, there's room for two but we don't want to be holding silver in this market...
Statsports 1 - Catapult 0
CAT Price at posting:
$1.20 Sentiment: Hold Disclosure: Held