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Mackie Research has updated coverage on EXO U Inc. (TSXV: EXO)

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Following the release of the company’s second quarter results, analyst Nikhil Thadani reiterated his speculative buy recommendation and target of $6.00, a premium of 101% to the $2.98 price on November 26, the day the report was issued.

Additional Information:

Company: EXO U Inc.
Website: http://www.exou.com/#!/
Stock Symbol: TSXV: EXO
Date Published: Dec 2, 2014
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for InvestmentPitch.com

Mackie Research has updated coverage on EXO U Inc., symbol EXO on the TSX Venture Exchange.

Following the release of the company’s second quarter results, analyst Nikhil Thadani reiterated his speculative buy recommendation and target of $6.00, a premium of 101% to the $2.98 price on November 26, the day the report was issued.

The Montreal-based company, with an office in Palo Alto, California, was founded in 2010, and employs approximately 40 people.

It’s a disruptive mobility and collaboration software company focused on the education and enterprise verticals.

The EXO U Education Solution supports governments and educational institutions around the world by providing a platform to manage the integration and use of technology, making it possible to build a 21st century classroom.

Infrastructure requirements are minimal and Internet connectivity is optional.

The company’s solution enables the creation, distribution and management of content and applications across multiple platforms, giving teachers the means to effectively manage students in the classroom, and providing students with an engaging experience where they can securely collaborate and learn.

Second quarter revenue of $312,000 represented the last portion of the digital classroom contracts with the Government of Panama.

Shan Ahdoot, President & CEO stated: "Today, we are at various stages of discussions with a number of countries around the world and have received positive feedback. Based on these discussions, we anticipate deployments to begin over the next 12 months. We have also made significant investments in growing our research and development team to accelerate the development of new features for our solution and ultimately facilitate the acquisition and implementation of new customers."

Analyst Nikhil Thadani stated, “The stock could have plenty of upside if EXO U can demonstrate traction leading up to C2016 revenue growth.”

The shares are currently trading at $3.20, below Mackie Research’s target price of $6.00, and with 41.8 million shares outstanding, the company is capitalized at $133.8 million.

For more information, please visit the company’s website www.exou.com.

Investor relations is handled by Sean Peasgood of Sophic Capital, who can be reached at 416-565-2805 or email sean@SophicCapital.com.

For more information about Mackie Research or to obtain the report on EXO U contact your nearest Mackie Research office. Their branches are listed on their website at www.mackieresearch.com.

I’m Samantha Deutscher for InvestmentPitch.com
For more video news, and to view our disclaimer, be sure to visit our website www.investmentpitch.com.
This video is for information purposes only and it is not a recommendation to buy or sell any securities.