The Big Un Ltd (ASX: BIG) share price jumped another 9.94 per cent on Monday, adding to gains of more than 940 per cent over the past year, as the company announced it had progressed with an acquisition.
Despite the recent gains the Big Un share price, currently trading at around $3.65, is still down on the $4.79 it was going for in late November last year.
But Big Un's share price appears to be making a comeback.
The video technology company offers customers products and services that allow for the creation, distribution and marketing of video content.
Big Un announced on Tuesday that it had progressed with its acquisition of the Tipsly mobile app as settlement of three million shares had occurred.
It's understood the Tisply app allows users to review elements of the US hospitality industry and receive rewards for doing so.
Big Un CEO Richard Evertz said the technology provided by the company's acquisition of the Tipsly app "completes the infrastructure of our three pillar business model and consolidates our first mover advantage".
"This technology will enhance BIG's global revenue opportunities whilst providing the company with a deeper relationship with both SME's and consumers."
For the quarter ending December 2017 Big Un announced it had received cash receipts from customers for the quarter of around $22.5 million, an increase of 50 per cent on the prior quarter.
Big Un has stated it is making significant steps in expanding its business but in financial year (FY) 2017 the company reported a loss of $4.2 million.
Further, the company ended FY 2017 with liabilities of $13.8 million while assets only came to $14.8 million.
And while the company's liabilities increased by 290 per cent in FY 2017 compared to the prior corresponding period, assets were up by just 170 per cent over the same timeframe.
As such, if you're looking for exposure to tech space I would be inclined to take a look at Altium Limited (ASX: ALU) or Appen Ltd (ASX: APX) before jumping on Big Un.
Or, if you're interested in other ASX tech shares, you can check this out…
