not wanting to comment to much but just thought you guys would be interested in a comparison with another company valued at much more than en1 which i dont think it should be, SPT ( splitit payments)
interesting to compare the revenues of both companys
Consolidated Statement Of Income (In U.S. dollars 2018 2018 SPT Current MC 351 million Current cash 309k revenues 789k cost of revenue (400k) gross profit 389k operating expenses ($3.9 million) total net loss ($ 4.6 million)
just looking ahead if en1 was to remain at $US40k a day for the full year ( of course we know revenue is going to increase and costs decrease thru out the year.) and costs remain fixed at 375k US ( $527kAUD) 2019 $AUD EN1 current MC? current cash? revenues $14.6m cost of revenue $ last years was 7 million gross profit $ 7.6m operating expenses $6.3 m total net 1.3m gain LESS EBITDA
given this I dont see why EN1 could not be at around a 350m MC at the end of 2019, not trying to upramp just showing two asx listed companies and comparing them.
