I'm not sure it can be defined as "high-growth SaaS" only the tiniest part of their revenue is SaaS. The vast majority is this low margin reselling and consulting stuff, of which they are buying yet more.
It'll make the topline look better, results muddier and much harder to really understand how the actual business is performing (or isn't) as there will be so many moving parts it'll be impossible to truly understand the business from the outside.
I guess with a $15m going on $20m revenue run rate, it makes for a nice headline and justification for management salaries amongst other things though.
I personally with they would stop with the funny business accounting and putting "investment in IP" and their "operating cashflow" exclusive of their huge burn. Focus on some cost control, proving the system can work for a bit - whilst the cost of capital is so high.
I'm not sure it can be defined as "high-growth SaaS" only the...
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Last
1.1¢ |
Change
0.004(57.1%) |
Mkt cap ! $17.73M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 1.1¢ | 0.8¢ | $93.28K | 11.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 150000 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 1.2¢ | 8000 | 1 |
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| Last trade - 15.56pm 03/05/2024 (20 minute delay) ? |
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Change
0.004 ( 12.5 %) |
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| Open | High | Low | Volume | ||
| 0.8¢ | 0.9¢ | 0.8¢ | 957678 | ||
| Last updated 14.46pm 03/05/2024 ? | |||||
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