Diy Composer is an open source free music game that teaches basic basic note hitting skill. We encourage you to find a way to play.
How To Start Learning Diy Composer Online Diy
You may have seen the news and seen that the shares of Diy Interactive (DYI) are down over 60% today. The reasons for this seem quite concerning, but is that the correct take? Does it make sense to sell your stock, or simply hold on? I want to think about both these scenarios.
Before we jump into the specifics of my reasoning I would like to say that this is no way a bearish stance by anyone here. This is an overview for a more full exposed view of the company.
The company has attributed the majority of the fall in price to the deadline by the crypto exchange for bulk buys which they can’t provide without receiving bitcoin/coin. I thought that was an important distinction and your might be surprised. We have a short-term perspective on the current state of the markets. The overall market is weak on the day. Here is a quick look at the daily chart for the S&P 500.
The company has a nice lineup of games. They also have a recent success with the mobile game All-Star Dash which has been downloaded over 20 million times thus far. Why do I care about their mobile game, All-Star Dash? Because you have to either have the app or the game to understand that the company does not generate significant revenues from it. The company is basically making a push to increase app downloads which would lead to future games downloads.
Here is a look at DYI’s All-Star Dash in their portfolio which I have been following closely.
The company runs on a hybrid platform whereby their games run on both the Amazon and Google Play Stores. This requires them to receive more money per installation than many of their competitors in the marketplace. While these both compete with each other, the dual distribution method provides the company a nice balance of revenue streams.
Dybit’s Fire.io is the company’s core technology platform. As mentioned previously, Fire.io runs Android games on a special play.fire.io infrastructure. The platform utilizes an EC2 service cloud server and handles a wide variety of high performance player requests. In 2017, Dybit began the development of Fire.js, the first modern long-view optimization engine. Fire.js was rolled out early this year for Android in support of the Google Play game service.
Dybit uses Ethereum-based blockchain technologies to reduce key management and fragmentation in the large distributed applications (DSA) industry. Dybit is a source of new revenue and revenue growth driven by new and existing licensing agreements and new sales of CDP licenses.
The company had total assets and current liabilities that totaled $36 million as of June 30th, 2018.
Current Assets Current Liabilities Cash $25 million Accounts Payable $0 Restricted Cash $1 million Customer Payments $3 million Taxes $1 million Other $3 million Total Current Assets $33 million Total Liabilities $0 Total Liabilities $0 Total Cash $25 million Total Stockholders’ Equity $25 million
(Image Source: Dybit Interactive)
In the cash flow statement, the company provided $1.5 million for capex. Not bad for the completion of two million installs.
As of October 17th there were roughly 5.2 million shares short. Not a great number when you compare it to the last major sell-off. At that time there were over 4.5 million shares short. In the event that there are large institutional holders in DYI it is possible they may have bought back significant positions after the sell-off.
The primary reason why DYI shares are selling off today is for reasons more than a significant cryptocurrency drop. The loss of a large customer could very well fall under something of a downside scenario. Even though, that sell-off is negative, it is not likely to last long. I believe in the company. In fact, I believe that the current short sales on DYI will be reversed within the next few weeks.
Disclosure: I am/we are long DYI.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.