Insights

Why did the Total Brain (ASX:TTB) share price jump 20% higher today?

The Total Brain (ASX: TTB) share price shot up 20% this morning, after the company released an operational update to the market.
The post Why did the Total Brain (ASX:TTB) share price jump 20% higher today? appeared first on The Motley Fool Australia. –

stylised image of exploding cloud coming out of top of a man's head representing exploding share price

The Total Brain Ltd (ASX: TTB) share price shot up 20% this morning, after the company told the market its annual recurring revenue (ARR) has increased 67% since December 2019.

At the time of writing, the Total Brain share price has retreated slightly, trading up 13.5% at 33.5 cents.

What’s moving the Total Brain share price today?

In addition to the ARR increase, Total Brain says the number of potential new clients in its sales funnel has also increased since December 2019, up 58%.

The company attributes this to its launch of the Mental Health Index: U.S. Worker Edition, which generated 10 new clients in the last 5 months.

By comparison, 5 companies were in the pipeline a year ago, which resulted in 2 paying clients for a total of $510,000 in ARR.

However, Total Brain reported that COVID-19 had caused significant setbacks with those sales already in the pipeline, including one with IBM (NYSE: IBM).

The contract with IBM – which was for the deployment of its Mental Fitness 360 and GRIT platforms – is now in the final stages of the contract process, after being delayed since December 2020. The initial contract rollout is for approximately 25,000 users, representing $570,00 in ARR.

The company also says that it has spent significant resources throughout 2020 on improving its products, which is a prerequisite for scaling user numbers and ARR.

Priorities in 2021

Total Brain also updated the market on its 2021 priorities. The company said in the coming months it will focus on aligning its sales team against client pipelines that can lead to immediate revenue conversion.

Total Brain also plans to double down on the momentum made through its Mental Health Index. This will include digital marketing, as well as events such as speaking opportunities and 1-1 prospect meetings.

How has the Total Brain share price performed

Total Brain describes itself as a “mental health and brain performance self-monitoring and self-care platform”. It was founded in 2002 in San Francisco, California by neuroscientist Dr Evian Gordon. 

The Total Brain share price has lost around 48% of its value over the past 12 months. This is despite the company reporting a 20% increase in revenue on the prior quarter in its last update in October.

Total Brain commands market valuation of $32 million.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of June 30th

More reading

Motley Fool contributor Eddy Sunarto has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Why did the Total Brain (ASX:TTB) share price jump 20% higher today? appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!