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
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Last
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($) | Vol. | No. |
---|---|---|
19.0¢ | 10862 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 34063 | 0.170 |
1 | 50000 | 0.165 |
1 | 50000 | 0.160 |
1 | 1974 | 0.155 |
1 | 2000 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 10000 | 1 |
0.205 | 9447 | 1 |
0.210 | 50000 | 1 |
0.220 | 16153 | 1 |
0.225 | 2300 | 1 |
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