The Big Un Ltd (ASX: BIG) share price hit a record high of $1.54 today after the online video production specialist reported full year revenues up 429% for FY 2017 and an annual operating cash profit of $4.4 million.
BIG is the parent company of Big Review TV Ltd that is tapping into the growing demand from small to medium-sized businesses for professionally made video content promoting their business services.
For example it will make promotional videos for restaurants, hotels, yoga studios, beauty salons, boutiques, leisure venues or brands looking to promote their businesses via video content online.
For the quarter ending June 30 2017 it generated $9.4 million in revenues, up 411% over the prior corresponding quarter, with the company's accelerating growth exciting investors.
Average revenue per user and subscriber numbers are also accelerating sharply with the company's management team confident FY 2018 and beyond will produce more strong growth.
Over the past year the stock has climbed more than 1,200% as the group appears to be sitting in the digital sweet spot of growing demand for online video production services.
