The 1st ever Electronic Dance Company to trade Publically is seeing some Explosive Revenue Growth!
NightCulture, Inc (OTC: NGHT) started trading on the OTCBB in January of this year under the stock symbol “NGHT” at around a dime. The stock rose to highs over $0.60 per share in mid April but has since fallen back down to the $0.20 level where it has historically shown significant support. NGHT is fully reporting and currently trades at a market valuation of just under $10M. There are 49.3M shares issued and outstanding and a little over 6M shares in the public float.
NightCulture is the first ever Electronic Dance Music (EDM) oriented company to trade on the public markets. "Concerts that Change Your Life", is a premier producer of live concerts and events. NightCulture produces, markets, and executes all aspects of its concerts from the selling of tickets to merchandise.
The Company primarily operates in the markets of Houston, TX, Austin, TX, San Antonio, TX, & Oklahoma City, OK and has produced hundreds of concerts featuring world class artists such as: Tiesto, David Guetta, Armin van Buuren, Paul van Dyk, Rusko, Ferry Corsten, Calvin Harris, Flux Pavilion, Gareth Emery, Markus Schulz, ATB, Sasha, John Digweed, Cosmic Gate, Paul Oakenfold, Carl Cox, Pete Tong plus many more!
Did you know? OTCMagic.com is fast becoming THE destination for up to date information on whatever is hot and happening in Penny Stock World. Our STOCK PICKS are Legendary, we alerted LEXG @$1.13 and CBIS @$0.029 and our subscribers saw 1,000% Gains. We rarely announce a STOCK PICK and only email our subscribers once in a long while when we have something truly great so Please Subscribe Right NOW! To subscribe to OTCMagic right now just scroll up and enter your email in the provided box.
Unlike most of its counterparts on the OTCBB, NightCulture has been doing some solid revenues which are only increasing year over year. The Company made a very important step when they purchased their own venue in Houston, Texas; Stereo Live is a 25,000 square foot venue located on 2 ½ acres of land at 6400 Richmond Avenue in Houston, Texas. Stereo Live hosts music and cultural events in three distinct rental spaces with event capacities ranging from 100 to 3,000 and featuring state-of-the-art sound and lighting and 7 bar areas strategically located throughout the venue.
Having its own venue opens up some huge opportunities for NightClulture which is already making plans to capitalize on the success of festivals like Ultra and the Electric Daisy Carnival, by putting together a festival of its own, which should be announced sometime this year. Festivals such as this can be huge money makers; for example the Electric Daisy had (est) 300,000 visitors over one weekend paying $100 dollars a day for 3 days.
On August 7, 2012 NightCulture announced operating results for its recently acquired Stereo Live, LLC subsidiary and pro forma results reflecting the acquisition of Stereo Live, LLC: Revenues of Stereo Live, LLC increased by 36.2% to $866,572 for 2011 from $636,250 in 2010 and increased by 138.9% to $386,757 for the quarter ended March 31, 2012 from $161,916 in the quarter ended March 31, 2011. Pro forma to give effect to the acquisition of Stereo Live, LLC, the consolidated revenues of NightCulture, Inc. increased 66.2% to $1,308,339 for 2011 from $787,080 in 2010 and increased 60% to $553,052 for the quarter ended March 31, 2012 from $345,573 in the quarter ended March 31, 2011.
Conclusion: NGHT has seen some important developments over the past several months as well as rapid growth in revenues especially for Stereo Live which saw a 139% increase in 1st Quarter revenues this year over last. The stock is technically sound and flat lined in the $0.20 range with excellent support in this level and still trades very close to its historical lows. While the stock is still quite cheap (NGHT trades at a total market valuation of under $10M and is on track do close to $5M in revenues in 2012) the Company has begun to develop the type of loyal following that can catapult a penny stock to explosive gains. All these factors make NGHT a stock to watch in the weeks and months ahead.
Latest posts by OTCMAGIC STAFF (see all)
- New Pick Coming Soon! - May 11, 2015
- Did You Know? Monster Stock Pick Coming - March 2, 2015
- Ekso Bionics Holdings, Inc. (OTC: EKSO) Penny Stock with an Eye on Bigger Things! - February 3, 2015