As you may know, Home Bistro (HBIS) recently announced their intentions to uplist to the Nasdaq. With this in mind, they have engaged Donohoe Advisory and Baker McKenzie.
But here’s a few updates from the past ~30 days you might not be aware of…
On Dec 8th, Goldman Small Cap Research – Founded in 2009 by former Piper Jaffray analyst and mutual fund manager Rob Goldman – published their updated outlook for HBIS.
According to their report, titled “An Ideal Entry Point for HBIS”:
“Looking ahead, HBIS is in the early innings of what is seasonally the strongest period for Model Meals and Home Bistro (October – February).
Plus, with the October commencement of the availability of Model Meals offerings on a national basis for the first time, new celebrity chef-inspired sales, and recurring sales may reach record levels for both 4Q21 and 1Q22.
Against this backdrop, we believe that HBIS’ share price represents an ideal entry point with substantial potential upside in the near term through 1H22, when an up-list to NASDAQ could be filed.
Thus, our 2022 revenue forecast of $11M and our $3.40 target price could be under review for upgrades pending revenue growth magnitude during this hyper-growth period.”
To be clear, this is not a guarantee that HBIS will continue to break sales records in Q4/Q1, climb to $3.40/share, or even successfully complete an uplisting in H1 of this year.
However, we know the formula for success relies on the company continuing to sign – and launch – new celebrity chef product lines.
On January 4th, Home Bistro announced it begun shipping meals inspired by “Top Chef All-Star” Richard Blais.
Zalmi Duchman, Home Bistro CEO stated:
“We are excited to continue our momentum and start the New Year off with the roll out of unique and delicious meal selections from Chef Richard.
With almost one million followers on his combined social media, I believe his current fans as well as new customers alike will be as equally excited that they can now order his Home Bistro delivered meals.”
Home Bistro now has a total of four lines of celebrity chef meals.
They also have agreements with Ayesha Curry and Roblé Ali in place, with plans to launch those product lines in the near future.
According to Duchman…
“We also continue in our discussions with other celebrity chefs and hope to have a total of at least ten unique offerings by the end of 2022.”
Considering an Investment in Home Bistro?
Home Bistro currently trades on the OTC Markets under the ticker symbol “HBIS”.
However,our Equifund members have access to their private Regulation A+ offering by going to this page right here.
Your early-stage experts,
Equifund.com
