Tinybeans Group Ltd: Tinybeans Enters Pet Parenting Market
NEW YORK, NY / ACCESSWIRE / April 28, 2021 / Tinybeans Group Limited (ASX:TNY) (OTCQX:TNYYF) ( Tinybeans or the Company ), the technology platform that connects parents with the most trusted tools and resources for their children, is pleased to announce the launch of Pets. This complementary addition enables the Company s entry into the high growth Pet Care industry and raises the total addressable market to US$200 billion.
Highlights:
Entry to the high-growth Pet Care industry in response to overwhelming demand from Tinybeans families and brand partners.
Pet adoptions have surged by 11M U.S. households since the pandemic
Pet market entry sends Tinybeans (ASX:TNY) share price on the move
Mitchell Lawler | April 27, 2021 4:40pm |
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Tinybeans Group Ltd(ASX: TNY) share price was on the move today following a new product update.
At the open, shares in the baby-parent-centric social media platform jumped 5.1%. Although, the move lost momentum throughout the day. The Tinybeans share price settled the day with a 0.3% gain to $1.47 per share.
Fur babies welcome
Previously, Tinybeans has been focused on providing a private social network for parents to share their baby’s moments with loved ones. However, today marks the entrance of ‘Pets’, which will be a complementary addition.
The
Tinybeans Group Ltd(ASX: TNY) share price will be in focus in early trade tomorrow, after the social platform for parents and their children reported its half-year accounts.
Tinybeans sneakily released its announcement 10 minutes before market close, at which point the share price had already taken a 6.5% dive.
So, what are the numbers?
The numbers shouldn’t be too much of a surprise to the market, as it is essentially the accumulation of September’s quarterly report and January’s report. However, half-year reports can sometimes include amendments and adjustments that were not originally captured.
First of all, Tinybeans’ revenue for the first half came in at a total of $5.633 million. This represents an increase of 141% compared to the previous corresponding period (pcp).