It's amazing people keep talking the stock up. It's way over valued. Into the 2's is a certainty, into nthe 1's is a high probability.
All you have to do is look at the quarterly, look at the graph and look at the column called APPS(Cost).
This was a complete shock to me and ensures the company wont make a profit for years, if ever.
It says they are paying 80% of revenue to get apps on their platform. That makes the business unsustainable. Add Marketing 10% Min, thats 90% of revenue gone, then their are corporate costs of several million a year plus their will be other expenses.
So the summary is the company wont breakeven until revenue is 75M a year.
Market cap is 68M. That is way too much for a company that needs to grow revenue by 700% to just breakeven.
This can fall a long way yet
Time to buy not sell SMA?, page-21
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19.0¢ |
Change
0.005(2.70%) |
Mkt cap ! $32.13M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.5¢ | $3.97K | 20.89K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 34063 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 10862 | 1 |
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