There's been a lot of hype around cryptocurrencies in recent weeks and it isn't hard to see why.
As of yesterday's close, in the last three months Ethereum had gained 256% and Bitcoin had put on a gain of 72%.
Clearly this is an impressive return for those brave enough to invest their hard earned money in what could arguably turn out to be nothing more than a fad.
But as impressive as it is, there is a share on the Australian share market which has managed to outperform even Ethereum in the last three months.
Since April 18 the Big Un Ltd (ASX: BIG) share price has climbed a remarkable 259%. This strong run means that its year-to-date gain has now reached a whopping 595%.
Importantly, this gain isn't the result of speculation and day-traders gambling, it is the result of the video technology company delivering a staggering increase in its cash receipts.
Strong demand for its video subscription products means that management expects cash receipts growth in excess of 429% this year to over $21.5 million.
According to its latest quarterly update, approximately $9.4 million, or 43%, of these cash receipts were generated in the fourth-quarter alone.
Which means that if Big Un can at least continue at the current run rate in FY 2018, cash receipts will reach $37.6 million. That would be a 75% increase on the unaudited $21.5 million it has generated in FY 2017.
Is it too late to invest?
With 135.3 million shares outstanding and the share price currently $1.60, Big Un has a market capitalisation of approximately $216.5 million.
This means that Big Un's shares are changing hands at approximately 5.8x annualised sales.
Whilst this is a premium to the market average of 3.3x sales, it is significantly cheaper than fellow fast-growing tech shares such as Altium Limited (ASX: ALU) and Catapult Group International Ltd (ASX: CAT).
This could arguably be a sign that there's still plenty more upside ahead for its shares, especially if it can build on its fourth-quarter performance.
