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Table of Contents

• Introduction
• The Agreement with Seven Network
• The Transformation in Technology
• Benefits for the Company
  • Revenue Growth
  • Increase in Gross Margins
  • Positive Cash Flow
• Future Opportunities
  • Enormous Tailwinds in Captioning
  • Expansion into Different Settings
  • Corporate Interest in Services
• Captions in Enterprise and Broadcast
• Market Perception and Share Price Performance

AI Media Extends Exclusive Agreement with Seven Network

AI Media, a leading provider of captioning services, recently announced the extension of its exclusive agreement with Seven Network for an additional five-year term. This renewal includes the delivery of captioning services 24/7 across the network using AI Media's state-of-the-art automatic captioning technology. The renewal not only signifies a significant milestone for the company but also presents new opportunities for growth and innovation in the field of captioning.

The Agreement with Seven Network

AI Media has been providing captioning services for Channel 7 since 2016 and Channel 9 since 2014. This extension of the previous contract is a strategic move for both AI Media and Seven Network. It solidifies the long-standing partnership between the two companies and highlights AI Media's commitment to delivering high-quality captioning services.

The Transformation in Technology

What makes this agreement renewal even more exciting is the integration of AI Media's new automatic captioning technology, acquired through the acquisition of a US-Based company called EEG. This cutting-edge technology has been widely recognized as the market leader in captioning, translation, and transcription in the United States. By leveraging this technology, AI Media aims to revolutionize the captioning landscape in Australia and beyond.

Benefits for the Company

The extension of the agreement with Seven Network brings numerous benefits for AI Media, both in terms of revenue streams and operational efficiency.

Revenue Growth

With the increasing demand for captioning services, AI Media has experienced significant revenue growth. In the last financial year, the company achieved a remarkable 22% increase in revenue. This growth was further amplified by a substantial 63% increase in gross margins. This trend is expected to Continue as AI Media transitions from human-curated services to a technology-driven approach.

Increase in Gross Margins

The adoption of AI Media's automatic captioning technology allows for a more cost-effective and scalable solution. By leveraging the power of automation, AI Media can provide captioning services at a fraction of the cost of traditional methods. This scalability enables the company to maintain relatively static costs while experiencing significant growth in gross margins.

Positive Cash Flow

AI Media's strategic focus on technology-driven solutions has not only resulted in revenue growth but also positive cash flow. The company now boasts a healthy cash balance of over $15 million, further strengthening its financial position. This positive cash flow provides AI Media with the resources needed to invest in research and development, expand its capabilities, and seize new opportunities in the market.

Future Opportunities

AI Media is well-positioned to capitalize on the growing demand for captioning services, driven by various factors such as the pandemic and increased usage of video conferencing platforms like Zoom and Microsoft Teams. The company has several exciting projects in the pipeline that are set to unlock new opportunities for growth and diversification.

Enormous Tailwinds in Captioning

The pandemic has accelerated the adoption of remote communication tools and accessibility features, including automatic captioning. AI Media aims to leverage this trend and make captions available in any setting with a simple click of a button. Whether it's a university lecture or a corporate meeting, AI Media's automatic captioning technology, powered by the icap network, ensures that captions can be generated effortlessly, fostering inclusivity and accessibility for all.

Expansion into Different Settings

AI Media's automatic captioning technology has immense potential beyond video conferencing platforms. The company is actively exploring opportunities to integrate its technology into various settings, such as educational institutions and corporate environments. This expansion allows for seamless accessibility and real-time captioning in different scenarios, enhancing communication and understanding.

Corporate Interest in Services

AI Media has recently announced a three-year deal with Google, where the company will provide captioning and translation services for Google employees worldwide. This partnership with a multinational technology giant showcases the growing interest and recognition of AI Media's services in the corporate sector. With the rise in remote work and global collaboration, precise and efficient captioning has become a necessity for multinational companies.

Captions in Enterprise and Broadcast

AI Media's focus on delivering professional-grade captioning solutions extends to the enterprise and broadcast sectors. The company aims to provide high-quality captioning services to broadcasters and over-the-top (OTT) platforms worldwide. By leveraging its state-of-the-art technology and expertise, AI Media is well-equipped to meet the captioning needs of a global audience, ensuring accessibility and engagement across various media platforms.

Market Perception and Share Price Performance

Despite AI Media's remarkable growth and achievements, the market perception of the company remains largely overlooked. However, industry experts who have examined AI Media's operations and potential have recognized the company as a success story in the captioning industry. With the right exposure and effective communication of its value proposition, AI Media has the opportunity to Raise awareness and gain the Attention it deserves from investors and the market.

In conclusion, AI Media's extended agreement with Seven Network signifies a significant milestone for the company's growth and innovation in the field of captioning. With its cutting-edge technology, strong financial position, and focus on scalability and accessibility, AI Media is well-positioned to capitalize on the increasing demand for captioning services in various sectors. As the company continues to expand its offerings and attract new strategic partnerships, the future looks promising for AI Media and the transformative impact of its captioning solutions.

Highlights

• AI Media extends its exclusive agreement with Seven Network, solidifying its position as a leading provider of captioning services.
• The company's acquisition of cutting-edge automatic captioning technology opens up new opportunities for growth and innovation.
• AI Media's revenue growth of 22% is fueled by increasing demand for captioning services and the adoption of technology-driven solutions.
• Positive cash flow and a healthy cash balance of over $15 million further strengthen AI Media's financial position.
• The company is poised to leverage the growing demand for captioning services, driven by remote communication tools and increased accessibility needs.
• AI Media's automatic captioning technology has the potential to revolutionize communication and accessibility in various settings, including education and business.
• Strategic partnerships with global companies like Google showcase the corporate interest in AI Media's captioning and translation services.
• AI Media's goal is to provide high-quality captioning services across enterprise and broadcast platforms, ensuring inclusivity and engagement.
• Despite its achievements, AI Media's market perception remains overlooked, presenting an opportunity for increased awareness and recognition.

FAQs

Q: What is AI Media's exclusive agreement with Seven Network? A: AI Media has extended its agreement with Seven Network for an additional five-year term, providing captioning services 24/7 using its automatic captioning technology.

Q: How has the adoption of new technology impacted AI Media's revenue growth? A: The integration of AI Media's automatic captioning technology has resulted in a 22% increase in revenue and a 63% increase in gross margins, making it a more cost-effective and scalable solution.

Q: What future opportunities does AI Media anticipate? A: AI Media aims to leverage the growing demand for captioning services and expand its technology into various settings, including universities and corporate environments. The company also has partnerships with global companies like Google to provide captioning and translation services.

Q: How does AI Media plan to cater to the enterprise and broadcast sectors? A: AI Media aims to deliver professional-grade captioning services for broadcasters and OTT platforms worldwide, ensuring accessibility and engagement across different media platforms.

Q: What is the market perception of AI Media? A: Despite its success and growth, AI Media remains largely overlooked in the market. However, experts recognize the company's potential and value in the captioning industry.