Available for acquisition is an app (iOS/Android/Web) that helps and teaches how to do math homework fast and correctly. All users need to do is take a photo of the math problem or fill the equation in and press the enter button to get expert answers. The app’s key feature is 24/7 expert chat where a real math expert can solve a math problem step by step or answer questions sent by photo, text input, or drawing.
According to the report published by Facts & Factors, the global Online Education Market size was worth around USD 217 billion in 2022 and is predicted to grow around USD 475 billion by 2030 with a compound annual growth rate (CAGR) of roughly 9.1% between 2023 and 2030.
NOTE – Financials shown are the run rate based on last three months. TTM is $9,413,805 revenue and $665,588 profit.
Highlights
The product combines the latest advanced AI algorithms that solve math automatically (about 59% of all tasks) and a high-quality experienced team of 500+ math experts who solve math tasks 24/7
The average solution time is about 5 minutes which is at least 3 times faster than nearest competitors
Very low supply costs: less than 7% of total revenue (average revenue generated from each solution is more than x10 the the cost for it)
Subscription revenue: $500k average monthly subscription revenue (after all store/payment commissions)
More than 80% of users are Tier-1 countries (mostly US)
High-growing market of online education with Math as the #1 subject among US and other Tier-1 English speaking countries
4.6 rating with 9.6K ratings on iOS
Team of experts
Systems for hiring additional experts (Professional supply team that with automated processes of hiring, quality control and payments)
Payment processing accounts (where transferrable)
Currency: USD
Target Price / Revenue: 0.64x
Target Price / EBITDA: 4.37x
