 So in this video, I'm going to talk about a zero point zero six two penny stock that could explode This is an incredibly cheap penny stock at zero point six Zero point zero six two incredibly cheap But also it has seen a bit of a sell-off after its recent earnings call What you've got is a few basically a lot of swing traders that have bought into the stock They've basically waited till the earnings call and they run up till the earnings call As that's now happened the now selling off and taking some quick profit Which is actually making the stock go down a little bit Which then ultimately presents a buying opportunity for anybody holding medium to long and we'll go through the recent news on this stock Which actually provides some good long-term prospects and we'll go through all that in this video again This is a zero point zero six two penny stock incredibly volatile, but a lot of upside potential as well Let's go through it So the one way talking about today is galaxy next generation You can see here. It has had a dip of about 15 percent zero point six zero point zero six two down from zero point zero seven four around that about 14 percent 15 percent dip It could dip a little bit further and with that in mind. It's because of people Buying in because of the earnings call, you know just before it for the run-up and now they've had their earnings call People are just taking profits and it's understandable But also the earnings call was quite promising There was a lot of good details coming out of it in terms of the potential of the company will go through that in this video But again as you see these dips and if you're looking at holding this stop medium to long You know as you see the dips It's time to buy the dips as they happen right again I'm not a financial advisor. You do what you want, but let's go into the recent news Okay, before we do that obviously just to anybody who's not aware of galaxy next generation They are essentially a teaching company. They can they provide teaching solutions They've got teacher view. They've got G2 panel G2 control. They've got all sorts of stuff In relation to teaching and schools in education and enhancing learning. It's a very interesting company They're also primarily involved in schools, but also other industries You've also had this recent tweet by this individual who said hi Megan I'm sure the company is doing well by itself However, do you foresee any sort of collaboration or acquisition with some sort of company to bring in more revenues and Megan has said in a response to that well We're currently in negotiations with a potential acquisition and as soon as we receive in the yellow I page We will share this detail with this team So they're looking at potentially acquiring more businesses Now why are they doing that it's because they're growing their revenue and they're getting more revenue So they've got that money. So then make those acquisitions and build up the company, right? So they're actively looking for acquisitions to actually make their company stronger and this is a potential catalyst Okay, and Megan is one of the individuals that is really high up in the company a very prominent individual of the company Going into the recent earnings report and again, these are fantastic numbers But you got to understand that there's swing traders out there that don't particularly care about the long-term potential of a particularly a penny stock So they take profit on the run-up Whilst, you know, other people are holding a long term for potential more gains, right? So every time it dips It's a it's a chance to buy a few more shares in my opinion again, not a financial advisor But I do think this company's got a long-term potential Okay or medium to long-term potential where in terms of you know, the next 12 to 12 months for 18 months 24 months I think it's going to do a really good to this company So we've got galaxy next generation reports second quarter and six months in in December 2020 fiscal results What's some of the key highlights? So 32% revenue increase to 2 million. Okay, 32% revenue increase You got to bear in mind the situation we're in at the moment You got to bear in mind that all these factors, right? And they're still growing their revenue by 32 percent Which is fantastic revenue growth for a for a company. They've also got deferred revenue So revenue that's in the works of 1 million. They've got gross margin of 50 percent Fright and transit gross margin of 34 percent again after that because you know There is the freight and a transit costs which do actually have an impact then they got reduction in quarterly operating costs to 0.9 million so they've reduced their operating costs with the burning through less cash in that sense and they've increased the total assets 25.2 million Okay, and also some key business highlights. You can see here. They've been awarded Curve Shield contracts They've closed acquisition of classroom technology the fulfilled 1.5 million purchase orders under its supply agreement It's got loads of contracts going on here with hundreds of thousands of pounds, you know And these contracts are going to develop and they're going to get even fairer contracts Which is just going to grow the revenue even more and you know a lot of these contracts that they get with these schools What's to say that they weren't then come back and buy and purchase of fairer products? Actually making sure that they get reoccurring revenue and that is explosive because then they're getting new customers But then also getting reoccurring revenue. Okay, so I do believe I've got strong conviction in this stock And I have since it was 0.002 Right, so I've had strong conviction in the stock all the way through and I've seen it go and have its dips and move Up and have its dips and move up people like you know You got to be careful as long as you do your research into the company and you understand what the company does and you believe in the company You're not then going to panic sell because you understand the full potential You're actually going to buy the dips as it continues to move up over time and you have to remember it is moving up over time if you look at the You know longer term kind of graph in the past sort of three months the longer term chart You'll see that it's been moving up with its little dips here and there Okay, it is volatile, but it's moving up. It's got it's on an upward trend Okay, so there's a lot of potential here as it does dip to buy them at the cheap price to then Ride them up if you do believe in the company Right. Okay. Let's go further into this So you've got expanded into Australia with new distribution partners receive commitment of up to 600,000 in curve shield products awarded 172,000 contract added products and sales capabilities Added warehouses hired for new sales in full-time employees and many employees in sales as well Which is going to directly impact the revenue the more sales people they have the more they can contact schools and sell more products So this is going to grow in its revenue massively and you can see here first half of 2020 1.5 million first half of 2021 1.97 million so they've had a growth from 1% just a measly 1% growth to now 32% growth So that is a huge increase in the growth when you think about that's 32 times It's growth that it recently had. Okay, so it's growing its revenue Massively now what's to say a 32% maybe next time they grow by 50% especially with all these contracts coming about So I just see this revenue continuing to grow. I see them to continue to grow their brand and their sales They obviously the only concern is that they need to put money into marketing so that they can become well known in The areas that they're looking to sell products in right so more money in marketing is going to help them in my opinion But you can see here that the growth. There's the growth there. This shows solid growth Now you may ask and people who are long-term holders like why the hell is the stock dropping? Why is the stock? Dropping well, let us say you're getting people who have bought for the run-up to the earnings report They're then selling off to swing trade it But if you actually take a step back and just really think about this 1% to 32% revenue growth 1% revenue growth then the next year 32% revenue growth you take a step back take a step back and you think about it You take it in taking the growth and the success the company's having and you can really understand that look This has got medium to long-term potential. Yes, you can swing trade it There's money to be made on swing trade and many people have Especially if they bought at the level when I first actually suggested it But I do think that this this is only getting started I think it's going to go much further But I do think it's going to have its significant dips because it's a penny talk and it's a penny stock and it's volatile So you got to remember that but the volatility presents opportunities to buy up the depths in my opinion And you can see a lot of good news coming out of the company. They've got the catalysts for acquisitions They've got the catalysts in terms of revenue growth New products potentially being released. So there's a lot of good stuff now What is the individuals in the company said about this actual revenue? So we continually to successfully build upon our solid start to the year with 32% revenue growth Despite the three months ending to set December 31st 2020 being traditionally our slowest time of the year We schools being closed for the holidays. We've greatly reduced our quarterly operating costs to zero What 0.9 million and again, so they've actually grown their revenue at a time where it's much harder for them to grow revenue So imagine in the months where it's easier to grow the revenue how much potential they've got in those months, right? So again here we continue to execute our products and solutions strategy enclosed an asset purchase of classroom technology solutions Okay, so they've got that and it says here We believe that this is just the beginning of a major technology turnover cycle in the K-12 education market as Increased schools budgeting is now being spared by additional federal monies So again, you've actually got there a larger budget for schools now Okay, and with that larger package and that larger budget for schools is Directly good for galaxy next generation because they're selling into schools and sell more products Now again the current price 0.062. It's dipped 14% But remember it's up many hundreds of percents, you know in the past month past two months It's milk many many hundreds of pen on hundreds over a hundred percent, right? So over to nearly over 200 percent Right, so it's up a lot. It's up a lot already So of naturally it's gonna have a bit of a pullback every now and again And you know, I'm prepared for this and if it does have a significant dip if it dips further I'm buying in and buying some more shares, but again, this dip presents opportunities It's not something to be worried about presents opportunities and it's people just taking short-term profit on the air Inns report. Okay, but again a lot of potential for this stock if you enjoyed this informative video Then do leave the video alike join the stock club as well We go through in-depth thoughts on stocks and we also give latest perks and news and all sorts of stuff And if we get latest stock picks as well early on the stock club, you just click the join button There's a stock club button that comes up and you can join the stock club YouTube membership here on the channel And you get all those different perks like the video subscribe if you knew and I'll see everybody in the next one