Editing Arctic Shores
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=== What is the price of the offering? === | === What is the price of the offering? === | ||
[[File:Illustration of a laptop screen displaying the Arctic Shores website's pricing page with the words 'Flexible pricing for all your recruitment needs'..png|thumb|An illustration of the Arctic Shores website's pricing page on a laptop with a padlock | [[File:Illustration of a laptop screen displaying the Arctic Shores website's pricing page with the words 'Flexible pricing for all your recruitment needs'..png|thumb|An illustration of the Arctic Shores website's pricing page on a laptop with a padlock symbolizing undisclosed pricing.]] | ||
The pricing for the offerings by Arctic Shores Limited is not publicly disclosed on its official website or other platforms. It offers a flexible pricing model based on the recruitment needs of the client. The pricing page on its official website mentions "Flexible pricing for all your recruitment needs" but does not provide specific pricing details<ref>https://www.arcticshores.com/pricing#:~:text=Flexible%20pricing%20for%20all%20your,Start%20hiring%20for%20potential%20today</ref>. Additionally, on a software review platform, there's a mention of discovering Arctic Shores pricing by requesting a free demo, suggesting that pricing might be shared on a case-by-case basis with interested parties<ref>https://www.softwaresuggest.com/arctic-shores#:~:text=Discover%20Arctic%20Shores%20pricing%2C%20features%2C,By%20submitting</ref>. | The pricing for the offerings by Arctic Shores Limited is not publicly disclosed on its official website or other platforms. It offers a flexible pricing model based on the recruitment needs of the client. The pricing page on its official website mentions "Flexible pricing for all your recruitment needs" but does not provide specific pricing details<ref>https://www.arcticshores.com/pricing#:~:text=Flexible%20pricing%20for%20all%20your,Start%20hiring%20for%20potential%20today</ref>. Additionally, on a software review platform, there's a mention of discovering Arctic Shores pricing by requesting a free demo, suggesting that pricing might be shared on a case-by-case basis with interested parties<ref>https://www.softwaresuggest.com/arctic-shores#:~:text=Discover%20Arctic%20Shores%20pricing%2C%20features%2C,By%20submitting</ref>. | ||
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The beta value in a future period has been found to be on average closer to the mean value of 1.0, and because valuation is forward-looking, it is logical to adjust the raw beta so it more accurately predicts a future beta. In addition, here, we have assumed that for an investment to be considered 'high' risk, it must have a beta value of 1.5 or more. Further information about the beta ratings can be found in the appendix section of this report. | The beta value in a future period has been found to be on average closer to the mean value of 1.0, and because valuation is forward-looking, it is logical to adjust the raw beta so it more accurately predicts a future beta. In addition, here, we have assumed that for an investment to be considered 'high' risk, it must have a beta value of 1.5 or more. Further information about the beta ratings can be found in the appendix section of this report. | ||
=== Early-stage investment === | |||
Arctic Shores is at one of the earliest stages of the business lifecycle, and the failure rate of companies at that stage is usually much higher than those at a later stage. As of 2022, 57% of companies that are incorporated in the United Kingdom fail within the first five years of the companies incorporation, according to the Office for National Statistics.<ref>https://www.ons.gov.uk/businessindustryandtrade/business/activitysizeandlocation/bulletins/businessdemography/2020#the-south-west-continued-to-have-the-highest-five-year-survival-rate</ref> We note that Arctic Shores is 10 years old as of 24th October 2023. | |||
=== Illiquid investment === | |||
The number of transactions in shares of private companies is usually significantly lower than in public companies, typically resulting in it taking longer to sell shares in private companies at a price that is at least equal to the price that the shares were bought at. Accordingly, the Arctic Shores investment opportunity is considered to be higher risk than more liquid companies. | |||
=== Financial Risk === | |||
The details of the financial health, including the valuation, revenue, and profitability of Arctic Shores Limited, are not publicly disclosed, making it challenging for investors to assess the financial risk fully. Moreover, the small uplift in funding between two rounds and a debt financing round might indicate financial constraints or cautious growth strategies.<ref>https://www.enterprisetimes.co.uk/2023/01/16/arctic-shores-raises-5-75-million-in-series-b-funding-round/</ref> | |||
=== Market Competition === | |||
As a provider of psychometric assessments, Arctic Shores operates in a competitive market with several other established players. The competition might affect the company's market share and profitability. | |||
=== Technological Changes === | |||
The company's operations heavily rely on game technology, behavioral science, and potentially AI. Rapid technological changes or inability to keep up with such changes could pose a risk. | |||
=== Regulatory Risks === | |||
Being in the recruitment and assessment sector, Arctic Shores might face regulatory challenges, especially when expanding internationally. Different regions have varying regulations concerning recruitment, data privacy, and assessments which could affect the company’s operations. | |||
=== Customer Acquisition and Retention === | |||
The success of Arctic Shores in acquiring and retaining customers, especially large organisations, is crucial for its revenue generation and growth. | |||
=== Reputation Risk === | |||
The company’s reputation among its clients and within the industry is vital for its success. Any negative publicity or failure to deliver as promised could adversely affect its reputation and, subsequently, its financial performance. | |||
=== Investor Relations === | |||
The investor relations and the ability to secure further funding for growth or operations is also a critical aspect. The company has had several funding rounds, and the continuation of this support is vital for its sustainability and expansion.<ref>https://www.cbinsights.com/company/arctic-shores/financials</ref><ref>https://www.crunchbase.com/organization/arctic-shores/company_financials#:~:text=%23%20%E3%80%903%E2%80%A0Arctic%20Shores%20,Log%20in%20to%20view%20data</ref> | |||
== Valuation == | == Valuation == | ||
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|Preferred stock, $0.001 par value; 10 million shares | |Preferred stock, $0.001 par value; 10 million shares authorized; no shares issued or outstanding as of January 31, 2023, and 2022 | ||
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|Class A common stock, $0.001 par value; 750 million shares | |Class A common stock, $0.001 par value; 750 million shares authorized; 204 million and 196 million shares issued and outstanding as of January 31, 2023, and 2022, respectively | ||
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|Class B common stock, $0.001 par value; 240 million shares | |Class B common stock, $0.001 par value; 240 million shares authorized; 55 million and 55 million shares issued and outstanding as of January 31, 2023, and 2022, respectively | ||
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|Depreciation and | |Depreciation and amortization | ||
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| | |Amortization of deferred costs | ||
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| | |Amortization and writeoff of debt discount and issuance costs | ||
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|Receivables from brokers, dealers, and clearing | |Receivables from brokers, dealers, and clearing organizations | ||
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|Deposits with clearing | |Deposits with clearing organizations | ||
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| colspan="6" |Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | | colspan="6" |Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
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|Depreciation and | |Depreciation and amortization | ||
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| | |Capitalization of internally developed software | ||
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|340 | |340 | ||
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| | |Amortization | ||
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|Preferred shares: | |Preferred shares: authorized unlimited number of non-voting, cumulative, redeemable and retractable | ||
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|0 | |0 | ||
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|Common shares: | |Common shares: authorized unlimited number of non-voting, redeemable, retractable Class A common shares and unlimited number of voting common shares | ||
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| | |Amortization | ||
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